The 2025 Social Security Cost-of-Living Adjustment (COLA) Is Almost Official. Here's How Much Retirement Benefits Could Increase Next Year – AOL
The Bureau of Labor Statistics (BLS) has released the second of three data points that will determine how much retirees will receive in pensions going forward. social security next year's retirement benefits. The annual Social Security Cost of Living AdjustmentThe COLA, or cash allowance, is a key feature of the program. Many retirees rely on […]
Should You Buy Stocks in September? Here's What History Says. – The Motley Fool
The “September effect” is now in play. September is not known as one of the best months for stock market performance. Over the past century, S&P 500 On average, the S&P 500 index has fallen in September, a phenomenon known as the “September effect.” For the past four years, this trend has continued, with the […]
Here's how much your Social Security benefits could be cut without a fix – CBS News
Social Security is approaching a fiscal cliff that could ultimately result in steep cuts to benefits for 70 million Americans, with a recent study showing that the typical couple would face a $16,500 annual payment reduction in 2033. analysis From the Committee for a Responsible Federal Budget. Benefits for a middle-income single worker would be […]
Trump tax cuts expire after 2025. Here's how the presidential election could affect your taxes – CNBC
As the presidential election approaches, experts are sounding the alarm about the looming expiration of the Tax Cuts and Jobs Act of 2017 (TCJA). Without congressional action, trillions of dollars in tax cuts enacted by former President Donald Trump through the TCJA will expire after 2025. The outcome of the 2024 election will determine which […]
Trump wants another Supreme Court bailout. Here's how federal judges can stop him.
Former President Donald Trump is trying for a second time to have his New York criminal case taken over by federal court in order to block, or at least delay, his Sept. 18 sentencing on 34 counts he was convicted of in New York. Trump's strategy is clear: By losing quickly in the lower courts, […]
Here's what to know about the COVID-19 summer surge
As summer draws to a close, the United States is facing another surge in COVID-19 infections. The late summer surge in cases has many Americans wondering how long cases will last, what signs and symptoms to watch for and when the latest vaccines will be available. How bad will the summer COVID-19 outbreak be? As […]
A student loan debt tsunami is coming. Here's how to minimize the impact.
By the end of September, the federal government's efforts to collect from late student loan borrowers wereresumeA few years later. Almost.6 millionBorrowers roughly the size of Colorado’s population will once again face hefty financial penalties under the default system and a tough road to paying off their outstanding debts. The available data paint a clear […]
Here's what's in Kamala Harris' plan for the economy
Vice President Kamala Harris on Friday An ambitious proposal As part of his economic plan if he wins the presidential election this year. The proposals include tax cuts, boosting housing construction and a federal ban on food price gouging. Harris’ campaign has said the proposals are just part of her economic plan and would be […]
Low volatility ETFs have outperformed the market in this summer swoon. Here's what to know – CNBC
Last week’s big swings in the stock market were a shining opportunity for funds marketed as a way to reduce portfolio volatility, but there are some considerations investors should be aware of before jumping in. First, the leading funds marketed as “low volatility” or “minimum volatility” have lived up to their name. Many have held […]
Vance wants to raise the child tax credit to $5,000. Here's why that could be difficult – CNBC
Republican vice presidential nominee Senator J.D. Vance speaks at a campaign rally at NMC-Wallard Inc./Wallard International in Eau Claire, Wisconsin, on August 7, 2024. Adam Boettcher | Getty Images Sen. J.D. Vance of Ohio, former President Donald Trump’s Republican vice presidential nominee, wants to more than double the child tax credit, but policy experts say […]