The funding fight could be bargaining chip at the center of upcoming debates over raising the debt ceiling and funding the federal government.
A report by Wade Pfau and Steve Parrish concludes that retirees might not be willing to invest aggressively enough to ensure that claiming early and investing the proceeds generates high enough returns.
The provisions of the SECURE and CARES Acts, and the related IRS rules, are creating even more confusion about which beneficiaries are subject to RMDs this year.
Last year's inflation, the highest in decades, means married couples can now hand their heirs almost $26 million tax-free, $1.7 million more than in 2022.
Mary Beth Franklin, who launched her final career phase as a weekly columnist in 2012, will continue writing a monthly column for InvestmentNews.
The asset manager announced that all 29 of its ETFs will avoid such distributions this year.
It sounds odd, since delayed retirement credits stop accumulating at age 70, but intentional late filing for benefits can shift income into the next tax year.
A bear market and inflationary pressures may have many Americans feeling less wealthy lately, but not necessarily less generous.
Republicans want tax breaks for private equity, manufacturers and businesses, while Democrats want to expand the child tax credit.
Investors are clamoring for guaranteed-income strategies this year primarily due to an uncertain stock market and spiraling inflation.
Anyone who's 62 or older in 2023 will benefit from the 8.7% cost-of-living increase to benefits that was recently announced for next year by the Social Security Administration.
The company intends to rebrand itself as Avantax, which is the name of its wealth management group.
Americans age 18 and older anticipate they'll need $1.25 million to retire comfortably, a 20% spike since 2021.
It’s a good idea to hold on to correspondence from the Social Security Administration to keep track of your benefits and understand any changes in the monthly amount.
Advisers surveyed preferred that Republicans control Congress when it convenes in 2023 by a margin of 60% to 25%.
Decades-high inflation prompted an unusually big tweak for 2023, and as a result, employees can expect to see less tax withheld from paychecks as soon as January.
In the 2022 tax form draft instructions, the agency explicitly says that digital assets include NFTs and virtual currencies.
The revenue stream is at risk as the number of retirees grows faster than the number of workers paying taxes.
Next year's cost-of-living adjustment will be the largest increase in retirement benefits and taxable wages in 42 years.
Tax-loss harvesting and charitable contributions can lower what retirees owe the IRS.
