With President Joe Biden no longer in the running for the next election, all eyes are on Vice President Kamala Harris as the frontrunner for the Democratic nomination. Although Harris has not yet released a detailed economic agenda, experts believe that some of her tax policies may align with Biden’s proposals, focusing on increasing taxes
Personal
As Gen Xers are entering the age milestones that allow them penalty-free access to their retirement funds, it is important to consider the implications of such withdrawals. While individuals aged 59 1/2 or older can withdraw money from their IRAs and 401(k)s without penalty, it is crucial to exercise caution. Ed Slott, a certified public
In today’s world, popular music often serves as a mirror reflecting the prevailing economic and social conditions. Despite the current economic indicators pointing towards a robust economy with low unemployment rates and expansion, recent hits in the music industry paint a starkly different picture. Artists like Taylor Swift and Beyoncé have captured the prevailing sentiment
With former President Donald Trump securing the Republican presidential nomination, there is an increased focus on Project 2025, a comprehensive policy plan put forth by The Heritage Foundation and over 100 other conservative organizations. This plan, outlined in the “Mandate for Leadership” document, aims to bring about significant changes to the U.S. income tax system,
The rise of paycheck advance programs, also known as earned wage access, has sparked a heated debate in recent years. The Consumer Financial Protection Bureau (CFPB) is taking a closer look at these programs, which allow workers to access their paychecks early for a fee. The proposed rule by the CFPB has raised concerns about
The Biden administration’s new student loan repayment plan, known as SAVE, has hit a roadblock with a federal appeals court temporarily halting its implementation. This order from the St. Louis-based 8th U.S. Circuit Court of Appeals blocks the entire Saving on a Valuable Education plan, marking a significant setback for the administration. The SAVE plan,
The looming crisis of Social Security’s dwindling funds is becoming an increasingly pressing issue. The combined trust funds are projected to last only until 2035, after which 83% of benefits may be payable, according to the program’s trustees. The fund specifically designated for retirement benefits is expected to run out even sooner, in 2033, at
In recent years, there has been a noticeable decline in workplace engagement among employees. According to a 2023 Gallup poll, only one-third of full- and part-time employees are actively engaged in their work and workplace. This shift is reflected in the phenomenon of “quiet quitting” where employees are coasting and doing the bare minimum to
The Social Security Administration is making changes to its online services, requiring users who created their “my Social Security” account before Sept. 18, 2021, to transition to a Login.gov account. This update is crucial to ensure continued access to online Social Security services, including requesting card replacements, estimating benefits, checking application statuses, and managing current
Rentvesting is a growing trend in the real estate market that involves renting a primary residence in one city while investing in a property in another city for rental income. This allows individuals to enter the property market even when home prices in their own location are out of reach. However, the process can be
