Personal Finance

(Mark Blank) One senator sent shock waves through the political community earlier this month when he made a bold claim about the future of Social Security. Many lawmakers have called for Social Security reform, but the recent comments from Sen. Ron Johnson (R-WI) suggest more extreme changes than many of his…

A man without a workplace retirement plan taking a look at his retirement savings.A recent study by BlackRock and Human Interest reveals an eye-catching gap in retirement savings between workers with access to employer-sponsored retirement plans and those without. The data shows that median-income employees lacking workplace retirement benefits…

If you have a big wad in a pretax IRA, sit down with your accountant now. Taxes are likely headed higher. By William Baldwin, Forbes Staff Tax rates are going up. Do your conversions now. That’s a starting point in the complex game of IRA manipulation. But the general rule must be accompanied by footnotes and provisos. For these subtleties we…

Amy Caiazza is a securities, fintech and blockchain partner in the Washington, DC, office of Wilson Sonsini Goodrich & Rosati. She is the leader of the firm’s fintech and financial services group, advising clients on regulatory and transactional matters involving securities and commodities laws.…

The Social Security Administration has scheduled a single payment of up to $914 for the month of November. Beneficiaries from different states will receive this specific amount in the form of financial aid issued by the agency, which allocates part of its budget to assist those who meet certain requirements.This check corresponds to the direct…

Ask an Advisor: I'm 61 With $900k in My 401(k) and $800K 'Sitting in a Money Market' Account. How Should I Invest? I have $800,000 sitting in a money market account because I don't know what else to do with it. My hope was that I could put it in something that can yield around 4-5% growth. I also have $900,000 in my 401(k) that is sitting in…

Image source: Getty Images We can all use some money advice. Key points Financial advisors are not just for wealthy people.They can help you with…

The Social Security benefit calculation might seem like a mystery, but we've got you covered. In this video, Certified Financial Planner® Matt Frankel breaks down the Social Security retirement benefit formula into simple terms so you'll know what to expect.The $18,984 Social Security bonus most retirees completely overlookIf you're like most…

Image source: Getty Images Your next food delivery order may cost more than you planned. Key points Delivery apps like DoorDash are convenient,…

DNY59 / Getty Images/iStockphotoA new bill has been introduced in Congress that would increase the annual cost of living adjustment (COLA) for retired federal employees under the Federal Employees Retirement System (FERS) in some cases, according to FedSmith.com.Social Security Update: There’s a New Cut-Off for Earnings — What It Means For Your…