A New Retirement Savings Plan in North Carolina could soon help small business workers secure their financial future. Lawmakers have reintroduced a bill to create a “work-and-save” program, allowing employees to contribute to Individual Retirement Accounts (IRAs) through automatic payroll deductions. The initiative aims to support workers who lack employer-sponsored retirement plans, making saving for … Read more
Social Security benefits play a key role in providing financial support for many retirees in the U.S. However, recent reports are showing that this critical safety net may face some tough challenges ahead. According to the Congressional Budget Office (CBO), the Social Security trust fund is on track to run out of money by fiscal … Read more
The decline in pensions has left many Younger Retirees Depend on Social Security to cover their expenses. Without additional sources of income, many face a tough financial reality in their retirement years. Younger Retirees Depend on Social Security More Than Ever Recent research from the Employee Benefit Research Institute (EBRI) highlights a growing Younger Retirees … Read more
Social Security is an important part of many retirees’ income, helping them stay financially secure after they stop working. But understanding how Social Security benefits are taxed can play a big role in a retiree’s overall financial situation. Since each state handles Social Security taxes in 2025 differently, it’s important to know how your state … Read more
The annual cost-of-living adjustment Social Security recipients receive is both a blessing and a curse. On one hand, additional money, even if small, is welcome. On the other, those extra dollars can boost incomes just enough that beneficiaries may have to pay more taxes. Even worse, only 10 states still tax Social Security, which means … Read more
If you’re eagerly waiting for your 2025 tax refund, you’re probably wondering about the IRS income tax refund schedule for 2025 and when the IRS will send it. While some refunds can arrive as early as February 18, most taxpayers will see their money a bit later. On average, federal refunds were about $2,825 last … Read more
Social Security is facing a financial shortfall, which could lead to benefit reductions by 2035. But can lawmakers prevent Social Security benefit cuts before 2035? That remains a key concern for millions of retirees. It probably won’t surprise you to learn that Social Security is a key income source for millions of retired seniors today. … Read more
understanding 3 ways to secure your retirement if Social Security benefits shrink is crucial for financial stability because Social Security plays a crucial role in retirement planning, but its future faces uncertainty. According to the Social Security Administration (SSA), the program’s trust fund reserves are projected to run out by 2033. If no changes are … Read more
Social Security remains the most vital social insurance program in the United States, providing essential financial support to millions of retirees, disabled individuals, and surviving family members. For about four in ten beneficiaries, it constitutes at least half of their income, while for one in seven, it accounts for more than 90% of their financial … Read more
A new proposal is gaining attention as Americans Want to Increase Social Security Benefits for 2 Groups that often face financial hardship: caregivers and older workers with physically demanding jobs. This growing demand reflects widespread concern about the future of Social Security and the need to support those who rely on it most. Broad Public … Read more