Philip Falcone, the billionaire hedge fund
manager, has reached an agreement in principle with the
Securities and Exchange Commission to settle civil fraud charges that he
used fund money to pay his taxes and favored some clients over others.
The AARP Foundation will offer free tax preparation for individuals of any age with low to moderate income.
Many Social Security recipients "are unbanked, while others are simply uncomfortable in the digital world," John Runyan, president of the group, said in an email to The Bee.
Health economist Tim McBride thinks Social Security can be fixed with minor tweaks -- perhaps less generous inflation increases, or lifting the $113,700 limit on wages subject to the payroll tax.
Some 5 million Americans who still get a Social Security, disability or other federal benefit check in their mailbox must switch to electronic payments.
Research finds that one out of four participants in 401(k) retirement programs will either cash-out their savings before retirement - incurring substantial penalties and taxes - or forfeit them to loans.
While the "fiscal cliff" compromise spared most Americans an increase in their income taxes, Congress allowed a temporary cut in payroll taxes for Social Security and Medicare to expire.
CEO A. Barry Rand calls on policymakers to strengthen Medicare, Social Security.
For some taxpayers, necessary tax forms won't even be available until February or even March, pushing refunds months further out.
As part of the 'fiscal cliff' negotiations, lawmakers opted not to extend the Social Security payroll tax holiday.... So, a family that earns $50,000 annually will lose about $1,000 a year to increased taxes.
Even though Congress's last-minute deal means higher taxes for almost all Americans, businesses and consumers are relieved that some of the uncertainty about what they will owe the government this year is gone.
"Commodities are going out of favour...while consumer defensives have done well in most markets because in the recent risky environment, investors preferred them."
Multigenerational households are more likely to be in areas where immigrants live with relatives and in places where housing costs are so high that families are doubling up, according to the state-by-state Census brief out today.
Mutual of America is expanding its current "Save More for Your Retirement" customer education campaign.
Former professional dancer-turned-physician discusses importance of preventing injuries.