Thursday, November 21, 2024

Retirement

Thu Nov 21 2024

Clock ticks on Senate vote to boost Social Security for public workers

Public sector workers are anxiously waiting to see if the Senate will vote to finally eliminate provisions that cut their Social Security benefits.

Tax experts advise a 'wait-and-see' approach to planning when it comes to Trump's campaign promise to eliminate taxes on Social Security benefits.

A 2.5% Social Security cost-of-living adjustment may not be much, but it's also not the worst case scenario.

Some retirement savers can make larger 401(k) contributions in 2025 thanks to an obscure change made in the SECURE 2.0 act.

Several dates throughout the year are important for Social Security retirees.

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