Retirement

What We All Agree About Social Security: Insolvency Looms Large Federal policymakers and the general public—to the extent that they pay attention—agree on the core financial dynamics of Social Security. According to the 2024 Trustees Report, Social Security’s total income in 2023 was $1,351 billion, while its expenditures reached $1,392 billion. This resulted in a

Social Security is more confusing than ever. Myths abound. Below, you’ll find a complete set of 25 facts to help you understand Social Security and its benefits more than ever. These are facts that I hope you can save and use now or in the future. You are always paid your own benefit first no

After Kisses on New Year’s Eve, 229 Americans Have Already Paid Their Social Security Tax Fifteen minutes past midnight on New Year’s eve Elon Musk will have paid all of his Social Security tax on earnings from Tesla. If all of Musk’s income was taxed he would pay all his Social Security tax in about

Don’t Let Your 529 Go To Waste If you set up a 529 education plan for your children or grandchildren that is no longer needed for education expenses, there is a new game in town. (Enacted as part of the SECURE 2.0 Act). You can now transfer money to a Roth IRA for the beneficiary

Year-end is a time for holiday cheer, introspection, and Wall Street strategist predictions for the market. As I try to emphasize to my clients, these analyst projections are nothing more than guesses, wishful thinking, and marketing. They should not be viewed as investment advice. A more practical outlook for 2025 is to focus on events