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.
Mark Weinberger made worldwide headlines when he disappeared from his 80-foot yacht off the coast of Greece in 2004 and left behind his wife, a federal investigation, $6 million in debt.
Each year, AARP The Magazine scours the country to find the best places to live for Americans 50+. With many readers still navigating tough economic times, this year the magazine's editors looked for cities that offer not just affordable housing and a low cost of living, but reasonably-priced luxuries: Museums, cultural offerings, hiking and biking trails, and other amenities that enrich life as you age. All for $100 a day, or an annual income of $36,500.
Female baby boomers shattered glass ceilings and enrolled in colleges that shut out their mothers, an unprecedented freedom of choice that got many single female baby boomers to a dead end, wondering how they'll afford to live decades longer.
Actress Patty Duke and other cast members from her iconic '60s television show have reunited to urge seniors to apply for Social Security benefits online.
According to Mega Millions' Web site, megamillions.com, the March 25 drawing will see the multijurisdictional lottery drawing to award a $304 million jackpot.
Top Hispanic-owned financial advisory firms are stressing conservative investments and back-to-basics strategies.