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Former President Donald Trump has made it clear that he intends to preserve the individual and business tax cuts that were enacted via the Tax Cuts and Jobs Act (TCJA). His campaign team stated that he plans to continue with these tax cuts and has even promised “big tax cuts for families and small businesses.”
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As investors approach retirement, it is crucial for them to be aware of the potential threat known as “sequence of returns risk.” This risk, also referred to as “sequence risk,” is a significant issue caused by poor investment returns combined with withdrawals, especially in the early years of retirement. This unfortunate combination can lead to
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Former President Donald Trump and Vice President Kamala Harris have both expressed their desire to end taxes on tips, a move that has sparked a debate among policy experts. Harris recently voiced her support for tax-free tips at a rally in Las Vegas, echoing Trump’s similar sentiments at a previous event. Given that Nevada relies
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The Social Security Administration is currently facing a significant backlog of open cases, leading to an estimated $1.1 billion in improper payments to beneficiaries. This issue has been identified in a recent report from the Social Security Administration’s Office of the Inspector General. The backlog of pending actions has reached a record high of 5.2
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The recent resurgence of concerns about a potential U.S. recession has reignited debates surrounding the efficiency and effectiveness of unemployment insurance programs. Experts are warning that the existing system is ill-prepared to handle another economic downturn, citing various inadequacies that were exposed during the Covid-19 pandemic. This critical analysis delves into the shortcomings of the
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