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Retirement

Social Securityโ€™s trust fund could run out of money sooner than expected due to changes in taxes and benefits

Social Securityโ€™s trust fund could run out of money sooner than expected due to changes in taxes and benefits Social Security’s trust fund could run out of money sooner than expected due to changes in taxes and benefits, potentially leading to a 21% cut in monthly checks for recipients by 2036. The program’s funding outlook […]

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401(k) plans and stock market volatility: What you need to know

401(k) plans and stock market volatility: What you need to know 401(k) plans are employer-sponsored retirement savings plans where employees contribute a portion of their compensation on a tax-deferred basis, and many employers match some or all of an employee’s contributions. The IRS requires individuals to start making monetary withdrawals from their 401(k) plan when […]

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