Social Security for Fiscal Year 2025: Trust Fund Amount, Income, Expenses, Deficit, and Interest Rates
Benefit Payments Up, Deficit Doubles as Income Stagnates This year, the Social Security Trust Fund, officially known as the Old Age and Survivors Insurance (OASI) Trust Fund, saw some significant changes thanks to the Social Security Fairness Act, which President Biden signed on January 5, 2025. This new law expands benefits for certain retirees—particularly those […]
Understanding how retirement income is taxed: It may be more than you realize.
Understanding Taxes in Retirement You likely have a handle on your retirement savings, but do you know what your tax obligations will look like once you retire? “Not knowing the tax implications of your savings and investments can lead you to underestimate your spending power in retirement,” notes financial advisor Ryan Tucker, who leads BOSS […]
Looking for Long-Term Passive Income? Here are 3 Stocks to Purchase and Keep Indefinitely.
AbbVie stands out as a dividend king, showcasing a positive outlook. Enbridge provides a notably steady dividend. Realty Income boasts a high dividend yield and promising growth prospects in Europe. 10 stocks we like better than AbbVie › The concept of passive income is appealing—just sit back and let the money flow in. Though, achieving […]
Silicon Valley suggests universal basic income as a solution to job loss from AI.
Silicon Valley’s Vision for the Future Silicon Valley is envisioning a future shaped by its own decisions. With the rise of AI leading to significant layoffs in white-collar jobs—as seen last month with numerous tech companies announcing reductions—universal basic income (UBI) is once again being discussed. Influential figures in tech, including Sam Altman, Elon Musk, […]
IRS reveals income limits for Roth IRA in 2026
The IRS Announces 2026 Roth IRA Contribution and Income Limits The IRS has released its updated contribution and income limits for Roth Individual Retirement Accounts (IRAs) for the year 2026. In a recent announcement, the agency raised the IRA contribution limit to $7,500, up from $7,000 in 2025. Additionally, the catch-up contributions for investors aged […]
Suozzi suggests increasing federal income taxes for New Yorkers and US residents earning $400,000.
Mixed Messages on Taxation from Long Island Rep. Tom Suozzi It seems like Long Island Representative Tom Suozzi wants to navigate a tricky path when it comes to taxation. He identifies as a moderate who’s against socialism, yet he’s advocating for higher taxes on affluent individuals. However, his views don’t quite align with those of […]
“We’re feeling discontented.” My wife and I are retired in Wisconsin with two pensions and an annual income of over $75,000. However, our retirement savings decreased by $45,000 this year. We need help.
“My wife and I are retired and living in Wisconsin, collecting Social Security. I also have two pensions and earn over $75,000 each year. Earlier this year, I noticed a drop of $45,000 in my retirement savings. I currently work with two financial advisors, but I’m not satisfied with the results. Should I consider hiring […]
Trump’s tariff income insufficient for rebate checks: Analysis
Analysis released on Monday suggests that potential rebate checks proposed by Trump could end up costing twice as much as the revenue generated from import taxes. The president is contemplating sending out checks of “at least $2,000” to Americans meeting specific income criteria, funded by tariffs paid by U.S. importers under his administration’s policies. However, […]
Trump promises $2,000 for each American from tariff income during Supreme Court review
Trump Comments on Tariff Payments Amid Legal Scrutiny President Donald Trump has stated that Americans can anticipate receiving $2,000 from collected tariff revenue, while labeling those against the tariffs as “stupid!” This announcement came via Trump’s Truth Social platform as the Supreme Court deliberates the tariffs’ legality. “Those who oppose tariffs are idiots! We are […]
3 Dividend Stocks Offering Yields of 5.8% to 7.6% to Boost Your Passive Income in 2026
These companies offer reliable and consistently growing dividends. Investing in high-dividend stocks can produce significant passive income. The top choices deliver durable dividends that rise over time, allowing investors to enjoy increasingly profitable earnings. Enterprise Product Partners, Realty Income, and Main Street Capital are notable for their superior quality and high-yield payouts. These stocks boast […]