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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…
Updates from the Iowa Freedom Summit
Below are updates on potential Republican candidates for president as they speak at the Iowa Freedom Summit in Des Moines. Early in the event, several prominent Republicans from Iowa, including Gov. Terry Branstad, Lt. Gov. Kim Reynolds, U.S. Sen. Chuck…
President Obama and US Congress at war: Obama wins
On January 20, President Obama gave a speech to the U.S. Congress and American people on the “State of the Union.” Obama’s theme was that “the dark shadow of crisis for America has passed.” The speech comes after a crushing…
Social Security to expand field office hours nationwide
Social Security announced as a result of Congress’ approval of the fiscal year 2015 budget, the agency will expand its hours nationwide and offices will be open to the public for an additional hour on Mondays, Tuesdays, Thursdays and Fridays,…
3 Reasons Social Security Won’t Cover Your Retirement
One of the most financially dangerous mistakes you can make is to assume that because you’ll get Social Security, you won’t need anything else to cover your retirement. It’s particularly dangerous because if you don’t realize that mistake until you’re…