by Daniel White | May 1, 2023 | Economy
May 01, 2023 In March the latest report on the financial health of the Social Security system was released. It’s officially called “The 2023 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance...
by Daniel White | Mar 20, 2023 | Economy
March 20, 2023 Many Americans are living longer than expected. But there’s a difference between how long you’re likely to live, and the probability of living much longer. And if you’re unprepared, it can lead to financial regret. Sometimes people claim Social Security...
by Daniel White | Feb 27, 2023 | Economy
February 27, 2023 Last week we covered some major changes resulting from the new SECURE ACT 2.0 law. Now I’d like to dive deeper into one of the specific provisions – allowing rollovers from 529 college funds to Roth individual retirement accounts (IRAs) (I also did a...
by Daniel White | Feb 20, 2023 | Economy
February 20, 2023 With the late 2022 adoption of a $1.65 trillion omnibus package to keep the government funded, lawmakers made the SECURE ACT 2.0 the law of the land. The new law includes big changes to retirement account rules. Many of them affect workplace plans as...
by Daniel White | Nov 7, 2022 | Economy
November 7, 2022 The Social Security Administration announced a cost of living adjustment (COLA) of 8.7% for fiscal year 2023, meaning Social Security checks soon will rise significantly. There’s only ever been a larger COLA rise three times, all during the...
