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Does Your Tax Refund Seem Too Good To Be True? Maybe It Is.
All year, people eagerly await their tax refund. It can feel like free money, even if it isn’t.
But tax refunds are also a great “in” for scammers to swindle your money.
The ...
Republican Committee Chairman Has Big Plans for Social Security in 2015; Privatization, Other Changes Will Be “Discussed”
Rep. Tom Price (R-GA), chairman of the House Budget Committee, has dropped hints over the past few weeks that his committee will be discussing changes to Social Security throughout ...
Social Security Administration Is Now Offering Replacement Tax Form Online
SSA-1099 is a tax form that the Social Security Administration (SSA) mails to everyone receiving Social Security benefits.
People typically receive the form in January; but since tax ...
Video: Income Inequality and the Retirement Gap
This video discusses how income inequality manifests itself in workers’ retirement plans. From the video description:
Sallie Krawcheck, asset management chair at Elevate, and ...
Obama’s 2016 Budget Challenges Republicans on Social Security Rule
President Obama released his 2016 budget on Monday, and one line item challenges a Social Security rule tweak passed by Republicans last month.
In January, Congress passed a rule that ...
Decrease Your Tax Bill With the Retirement Saver’s Tax Credit
Low or moderate-income workers in the process of saving for retirement could be in line for a tax credit they didn’t even know about.
The credit is called the Retirement Savings ...
Saturday Marked the 75th Anniversary of the First Monthly Social Security Check
Last Saturday (January 31) marked the 75th anniversary of the first monthly Social Security check.
The first check was sent out on Jan. 1, 1940, to a retired schoolteacher named Ida ...
New Orleans Pension Officials Consider Benefit Cuts
The board of the New Orleans Municipal Employees Retirement System (NOMERS) – the city’s largest public pension fund – is considering a series of cost cutting measures, some ...
Bill In Congress Would End Federal Social Security Taxes, But It May Not Get Very Far
A bill in Congress, titled the Senior Citizens Tax Elimination Act, would eliminate federal taxation of Social Security benefits.
Specifically, the bill would change IRS code to no ...
Milwaukee County Pensioners May Not See Reduced Benefits After All
Last week, OpenRetirement covered the story of Milwaukee County pensioners who were facing benefit reductions because they had previously taken government advice that led to pension ...
