When supplementing Social Security income in retirement, consider the tax implications of withdrawals from different accounts. Tax-deferred accounts like 401(k)s and traditional IRAs are taxed at ...

For approximately 37% of the 1.3 million Social Security beneficiaries with student loans, their monthly benefit of $1,523 constitutes about 90% of their income.

Wondering why is my tax return so low this year? Learn the most common reasons for smaller refunds and steps you can take to ...

Responding to a call from an advisor in California, the ERISA consultants at the Retirement Learning Center (RLC) address a question concerning the hierarchy of payroll deductions in relation to ...

Withholding an employee's paycheck comes with consequences. The employee can file a complaint with the U.S. Department of Labor, Wage and Hour Division.

With so much uncertainty surrounding Social Security and its solvency over the next 10 years, there is ongoing discussion about what, if any, steps should be taken. Short of a quick, bipartisan ...

Social Security's reserves could vanish in eight years, roughly on par with previous estimates, according to a new report. At that point, if no adjustments are made, the entitlement program's ...

The sweeping tax and spending bill backed by President Donald Trump includes significant changes to the U.S. tax code and public benefit programs, and Social Security beneficiaries will be ...

Another option is to increase the Social Security tax rate. “Increase the SS tax rate from 6.2% (which applies to employers and employees) to a higher amount,” Ash Ahluwalia, ...

Though Trump proposed ending the tax on Social Security benefits prior to and after his November election, the president's flagship tax and spending bill is missing this key promise.

OK, back to the 2025 Social Security COLA. Due to these increases, the average monthly retirement check will be $1,976 in 2025, a $49 increase from the 2024 level.