The Internal Revenue Service, better known as the IRS, recently updated retirement account rules for 2026. Savers under 50 will be able to contribute up to $7,500 to Individual Retirement Accounts, up from $7,000 in 2025. Those 50 and older can contribute an additional $1,100 in “catch-up” funds, a $100 increase over 2025. For those hoping to maximize their contributions, CNBC recently walked readers through two options. One is to contribute a lump sum as soon as possible, assuming you have the cash flow ...

Group 1 - Bank of America Corporation (NYSE:BAC) is currently viewed as a strong investment opportunity, with TD Cowen maintaining a Buy rating and setting a price target of $54, driven by positive earnings forecasts [1][2] - The bank's favorable position is attributed to the strength of net interest income (NII) and potential growth in fees, which supports the optimistic outlook [1] - CFO Alastair Borthwick provided a positive update on near-term earnings at a recent investor conference, reinforcing the positive sentiment around the bank [2] Group 2 - Bank of America offers a wide range of financial services, including savings accounts, deposits, wealth management, investment funds, and online banking [3] - The upcoming Investor Day, the first in 15 years, is seen as an opportunity for management to address the company's relative valuation gap [2]