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Have the Right Tools for Retirement
You wouldn’t play golf without a full set of clubs. Don’t go into retirement without a fully equipped retirement toolbox.Retirement brings the freedom to explore a new stage of life. But for many, after years of working for others, it…
Audit: HHS Failure to Screen Obamacare Contract Recipients Cost Taxpayers $400M
An internal investigation into how the federal government awarded contracts for developing and building the Affordable Care Act’s most important public element — the online exchanges that were to be used by millions of Americans to purchase health insurance — has found…
Watch out for IRS related scams
Income tax time is stressful enough, but two varieties of tax-related fraud can turn the process into a huge nightmare, according to Connecticut Better Business Bureau. The first involves a growing wave of threatening telephone calls, supposedly from Internal Revenue…
Social Security: Why Working After 62 Won’t Ruin Your Retirement Benefits
One of the biggest questions facing current and prospective retirees is whether to continue working after applying for Social Security benefits. By doing so, you are potentially putting your benefits at risk of being withheld. But is this really as…
What Is the Social Security Tax Rate?
Nearly everyone who earns an income is subject to taxes based on the current Social Security tax rate. The Social Security tax rates are set by law, and the proceeds are used to pay for important social services, including Social…
India, US to restart talks on social security pact: PM Modi
Seeking to further strengthen bilateral economic relations, Prime Minister Narendra Modi on Sunday said India and the US will “restart” discussions on the Social Security Agreement and resume talks on Bilateral Investment Treaty. Addressing a joint press meet with US…
This Medicare Mess Could Delay Your Retirement
Healthcare costs are one of the biggest threats to your finances after you retire, and retirees rely on the Medicare program to help them cover the bulk of those costs. Yet Medicare has a huge financial time bomb that constantly…
When will debt ax fall?
President Obama and Republicans in Congress are headed for another standoff over the national debt. But first, they need a deadline. The Treasury Department now has free rein to finance the federal government through borrowing, with the ceiling that limits…
Retirement Planning: If We’re Living Longer, Do We Need More Money?
Back in 1960, the average American’s process for retirement planning was a bit different than it is today. Most weren’t expected to live more than 70 years. If you reached the age of 65, the picture was a little rosier:…
New US Senate budget chairman eyes on-time budget, balance in decade
New Senate Budget Committee Chairman Mike Enzi said on Thursday he intends to follow the lead of House Republicans with a Senate budget plan that balances within 10 years, but with more of the savings up front. Republican Sen. Enzi…