Different trusts benefit from puny rates, tax adviser says; 'lock those in now'
Majority of boomers say a rise in marginal rates and FICA would crimp their ability to put money away
Sometimes it makes sense for one spouse to claim benefits early.
The Social Security Administration on Tuesday announced that the cost-of-living-adjustment for 2013 will be a measly 1.7%. And as Mary Beth Franklin points out, that small increase could be gutted by hikes in Medicare premiums.
That's the song the band played when Cornwallis surrendered to the upstart Americans at Yorktown. It should also be the theme music for this year's tax-planning season. Here's why.
Senator Marco Rubio, R-Fla., introduced the bill to exempt Olympic medal winners from owing tax on their winnings and called the tax “ridiculous.”
But waiting to claim benefits will increase monthly income
Bad news for Social Security recipients: The cost-of-living adjustment in 2013 will be puny. How puny? Likely, less than half of what it was in 2012.
Despite withering criticism from Democrats, it appears Mitt Romney's tax math does indeed add up. At least, that's the verdict from the non-partisan Tax Foundation.
New research from Wharton shows that many financial advisers are giving their clients shortsighted -- or plain bad -- advice about Social Security.
