Washington leaders at odds over proposed tax increases

zimmytws | iStock | Getty Images Congressional leaders can agree on one thing – Social Security needs to be fixed before the program’s funds are unable to pay full benefits in 2035. But that is where the consensus ends. Leaders from both the Republican and Democratic parties have each recently discussed the issue on Capitol … Read more

Texas judge blocks enforcement of pre-Roe v. Wade abortion ban

An abortion rights protester participates in nationwide demonstrations following the leaked Supreme Court opinion suggesting the possibility of overturning the Roe v. Wade abortion rights decision, in Houston, Texas, May 14, 2022. Callaghan O’hare | Reuters Abortions can resume in Texas after a judge on Tuesday blocked officials from enforcing a nearly century-old ban the … Read more

Louisiana trigger law banning abortions temporarily blocked by court

An abortion rights campaigner holds a hanger during nationwide demonstrations following the leaked Supreme Court opinion suggesting the possibility of overturning the Roe v. Wade abortion rights decision, at Duncan Plaza in New Orleans, Louisiana, May 14, 2022. Kathleen Flynn | Reuters A Louisiana judge issued a temporary restraining order Monday against the state from … Read more

Not all ‘Secure 2.0’ proposals in the House and Senate are the same

Photo by Mike Kline (notkalvin) | Moment | Getty Images Continued improvements to savings, security The House passed its version of Secure 2.0, the Securing a Strong Retirement Act (HR2954), in late March with a bipartisan vote of 414-5. In the Senate, committees with jurisdiction over retirement-related provisions now have approved proposals that collectively form … Read more

Supreme Court overturns Roe v. Wade, ends federal abortion rights

The Supreme Court in a 6-3 decision on Friday overturned Roe v. Wade, the landmark ruling that established the constitutional right to abortion in the US in 1973. The court’s controversial but expected ruling gives individual states the power to set their own abortion laws without concern of running afoul of Roe, which had permitted … Read more

Proposed changes to retirement system approved by Senate committee

The Senate Finance Committee on Wednesday unanimously approved a series of proposals that make full congressional passage of a retirement-improvement package more likely this year. Called the Enhancing American Retirement Now (EARN) Act, the measure contains some provisions that are the same or similar to those proposed in the House, which passed the Securing a … Read more

Stimulus checks rewired how some Americans see money

Ciydemimages | E + | Getty Images For Denise Diaz, the benefits of pandemic-era stimulus checks went beyond everyday dollars and cents. They rewired how she thinks about money. Diaz, a mother of three who lives outside Orlando, Florida, received more than $ 10,000 from three rounds of “economic impact payments.” They were among the … Read more

Lifetime income illustrations are a ‘wake-up call’ for 401(k) savers

I think it’s very helpful for helping people start to think about outcome, and not emphasize the big pile of money. Philip Chao principal and chief investment officer at Experiential Wealth Blackcat | E + | Getty Images You may get a nasty surprise when you open your next 401 (k) statement. These statements generally … Read more

The pandemic stimulus checks were a big experiment. Did it work?

People rally during a demonstration in support of Covid-19 relief, organized by Shutdown DC, on the National Mall in Washington, DC, on Feb. 25, 2021. Al Drago | Getty Images When the US began to shut down the wake of the onset of Covid-19, it meant millions of families were suddenly without the income they … Read more

Sanders, Warren bill would extend Social Security’s solvency, expand benefits

Late. Elizabeth Warren, D-Mass., And Sen. Bernie Sanders, I-Vt., At the 10th Democratic primary debate of the 2020 presidential campaign season in Charleston, South Carolina, on Feb. 25, 2020. Jim Watson | AFP | Getty Images Sens. Bernie Sanders, I-Vt., And Elizabeth Warren, D-Mass., Introduced a new bill on Thursday that aims to extend Social … Read more