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Social Security Benefits to Increase in 2025, But Questions Loom Over Long-Term Sustainability

Millions of Americans will see an increase in their Social Security benefits in 2025, thanks to the annual cost-of-living adjustment (COLA).

Nov 23

2

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The Growing Financial Struggles of Retirees: A Credit Card Crisis

Nov 20

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House Advances Bill to Enhance Social Security Benefits: Key Details

Nov 15

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Thousands of Church Workers Near Recovery of $90 Million in Misappropriated Retirement Funds

Sep 3

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How IRAs Influence Social Security Benefits

Jun 20

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More News

The Evolution and Implications of Roth Features in Retirement Plans The concept of Roth contributions was first brought to life through the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). This was a groundbreaking idea at the time, as it diverged from the traditional method of after-tax contributions. Historically, plans permitted after-tax contributions, where participants paid taxes on contributions upfront but deferred taxes on investment earnings until distribution. Roth contributions differed significantly; participants paid taxes on contributions in the current year but enjoyed tax-free investment earnings on qualified distributions.

Jun 18

3

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Why Save for Retirement Despite an Uncertain Future?Think about any unexpected event you've experienced. Chances are, you didn't think, "I'm glad I wasn't ready for this." Being prepared, even imperfectly, mitigates the negative impact of unforeseen events. Preparedness is a fundamental principle in various aspects of life, including finance.

Jun 14

4

min read

Understanding ERISA and Its Impact on Your Retirement The Employee Retirement Income Security Act (ERISA) is a pivotal federal law that safeguards the retirement assets of millions of Americans. Enacted in 1974, ERISA ensures that retirement plans are managed with transparency, fiduciary responsibility, and participant rights in mind.

Jun 13

4

min read

10 Steps to Maximize Your IRA To mitigate taxes on Required Minimum Distributions (RMDs) from traditional IRAs, tracking withdrawals and planning ahead can be beneficial. Compliance with distribution requirements and exploring tax-efficient strategies can help minimize tax implications on distributions.

Jun 6

3

min read