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Social Security

President’s 2014 Budget Proposal Contains 4 Big Changes for Your Retirement

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While much of the nation’s attention has been focused on the federal government shutdown that was avoided earlier this month and the mistake-plagued rollout of Obamacare, another proposal coming out of Washington D.C. has avoided much of the media and public’s attention. President Obama’s 2014 budget blueprint for 2014 includes the following four provisions that could have lasting effects on…

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Americans are Not Saving Enough for Retirement

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A new report paints a bleak picture for the future retirement prospects of many Americans. New data released by the Employee Benefit Research Institute in their 2013 Retirement Confidence Survey indicates that fifty-seven percent of workers have saved less than $25,000 for retirement, not including the value of their home or defined benefit (pension) plans. The data suggests that the…

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Fiscal Cliff Resolved, but Further Challenges Remain

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Congress approved legislation in late December to avert billions of dollars in tax increases and spending cuts, helping the United States avoid what many were calling the ‘Fiscal Cliff.’ The resulting legislation is formally known as the American Taxpayer Relief Act of 2012. But other political and financial challenges remain, including how to tackle the short term debt ceiling issue…

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