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Week ahead: Lawmakers take aim at tax scams
Tax identity theft is on the rise. And with the tax filing deadline a month away, the Senate Finance Committee is holding a full committee hearing Thursday to discuss how to protect taxpayers from schemes and scams. The Federal Trade Commission said…
Social Security Doesn’t Come To All Who Paid
Israel Morales, 44, is one of the thousands of migrant farmworkers hired to harvest New Mexico’s famous chiles. For the past five years, Morales, who asked that his real name not be used, has earned between $4,000 and $7,000 a…
5 major employee perks that help you save money
They say that a penny saved is a penny earned. Unfortunately, a penny earned isn’t always saved. With the high cost of living expenses, bills, school tuition, family care, car maintenance, general inflation, a still-struggling economy and worst of all,…
Caregiver’s lonely journey leads to ‘moving on’
Frank Burkett can sleep through the night now without being awakened repeatedly by a woman who no longer rested well or for long. He can go out to eat without handing the server a card explaining that he’s with someone who…
Taxes From A To Z (2015): D Is For Disability Income
When you miss work due to an injury or disability, you may receive compensation in the way of disability income from an employer’s insurance, health plan, or pension plan. Under the Tax Code, all income is taxable unless otherwise excluded. When…
Companies Should Have to Offer Low-Cost Funds in 401(k)s
For the typical middle-class investor, the bulk of their retirement saving is done via their 401(k) or other employer-sponsored retirement plan. And one factor that places a significant drag on the rate at which people accumulate assets in such plans…
Baby boomers will keep debt high for the foreseeable future
As debt jumped over the past decade, economists warned that retiring baby boomers might soon overwhelm retirement programs, swamp the federal budget and keep the debt unusually high as far as the eye can see. That day has come and…
Social Security: 5 Surprising Facts About Noncitizens and Benefits
Social Security pays retirement and disability benefits to tens of millions of Americans. But the program doesn’t just provide for benefits to U.S. citizens. Indeed, even as controversy rages over the status of undocumented workers for various government programs, Social…
Your Money: Check to see if you and Social Security agree on your earnings
If you haven’t looked up the earnings record that Social Security has recorded for you, there is no better time than now. Why even bother? For one thing, you’ll want to check for errors. As stated by Carolyn W. Colvin,…
This Is One of the Best Retirement Income Solutions — but There’s No Rush
It’s certainly a quandary for many people: You save up as much money as you can for your retirement, but you aren’t going to get any pension income, and Social Security isn’t going to deliver nearly as much as you…