Social Security is an important income source for seniors and it’s money that most people look forward to getting in ...

For retirees, healthcare expenses are unavoidable and increasingly unaffordable. Fidelity Research says a 65-year-old ...

Social security benefits get talked about a lot in the U.S. but have you wondered how the benefits work and if they are ...

A client's immediate health needs make saving their accounts until they're 65 or over a difficult endeavor, and the accounts ...

Social Security gets the bulk of its revenue from payroll taxes. Each year, a wage cap is set that determines how much income is taxed for Social Security purposes. In 2024, the wage cap sat at ...

With tax season underway, do you pay taxes on Social Security? The answer is maybe. Social Security benefits are taxed if you ...

A bill introduced last week would exempt social security benefits from state income tax. According to bill drafters, Vermont is one of only 9 states with tax benefits. The bill proposes an 8-year ...

This is a great question Laura, and there are a few strategies that might help you reduce the long-term tax bill on your Social Security benefits. Let’s first explore how Social Security income ...

Kansas is no longer part of this list, and West Virginia is phasing out Social Security taxes, with no state income taxes on Social Security starting in 2026. “Each state has tax provisions that ...

The difference between the government's total expenditure and its total revenue (excluding borrowings) in a financial year.