Social Security's insolvency date just moved closer, and a new proposal targeting the wealthiest retirees claims to close a ...

Seeing that I have a dog in this fight, I thought it would make sense to investigate what all of the hullabaloo is about.

The Old-Age and Survivors Insurance (OASI) trust fund, which supports retirement benefits, is now projected to deplete its ...

There are only a handful of ways to shore up Social Security. Sens. Bernie Moreno and Elizabeth Warren are backing one of the ...

The average American household spent $78,535 in 2024, according to the latest Bureau of Labor Statistics Consumer Expenditure Survey. Round that to $80,000, and you have a useful starting point for ...

A 66-year-old business owner running an S-corporation for decades is planning his exit. A buyer is circling, and he expects the sale to fund retirement. When it came time for him to request his Social ...

Since the mid-1990s, Social Security trustees have warned lawmakers that insolvency was coming in the 2030s. Why are lawmakers seemingly content to wait until we reach that cliff, now projected for ...

When you do payroll, you’ll need to manage state unemployment tax, also known as SUTA tax. Learn how to stay compliant and calculate your state’s tax properly.

If lawmakers fail to act before then, incoming payroll tax revenue may only cover about 78% of Social Security's scheduled benefits, resulting in an automatic 22% cut for current and future retirees.

Washington is unlikely to stand by and allow benefits to drop by 22% in 2032, as the latest Trustees' Report predicted. Instead, it'll look to increase income to the program, and hiking payroll taxes ...

Sen. Elizabeth Warren (D-Massachusetts) is teaming up with Bernie to propose the biggest tax increase since World War II, but it’s not the Bernie you’d expect. Sen. Bernie Moreno (R-Ohio), a former ...