Browsing Tag

Retirees

How Social Security Aids Retirees and Individuals with Disabilities

Rose Aug 15, 2023

Social Security, a federal insurance program funded by payroll taxes, plays a crucial role in providing retirement income and disability benefits to millions of Americans. As one of the largest components of US federal spending, its…

What Retirees Should Anticipate: 3 Social Security Changes for 2024

Rose Aug 12, 2023

For over 49 million retired workers who depend on Social Security as a crucial financial lifeline, staying informed about the program's annual changes is paramount. With each passing year, Social Security undergoes adjustments that can…

Unexpected Debt Burden: Government Holds Navy Retirees Accountable for System Glitch

Rose May 22, 2023

About a thousand Navy retirees are being pursued by the federal government in an effort to recover around $7 million after a system error caused them to receive overpayment for over four years. Over the period of August 2019 to February…

When retirees will receive funds from IRAs and 401(k) plans? Here’s what you need to know!

Dahlia Martyna Mar 13, 2023

The Internal Revenue Service (IRS) isn't messing around when it comes to informing retirees of the April 1 deadline for receiving benefits from a variety of employment retirement programs. Contributions from retirement plans, such as…

Law that will provide new tax breaks for some retirees has been approved in this state!

Dahlia Martyna Jan 28, 2023

Residents of Michigan with public pensions and other specific retirement accounts may soon enjoy new tax breaks under a bill approved by the state Senate on Thursday, and the House has approved a competing plan with significant differences.…

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