Retirement September 30, 2026
History of Social Security COLAs
The predicted 2027 cost-of-living adjustment of 3.5% would rank 19th among the increases implemented since 1977, the first year Social Security began calculating the annual boost.
Payroll February 27, 2025
Up to Half of Social Security Workers Could Be Laid off
The Social Security Administration has been instructed to reduce its staff by half as President Donald Trump’s administration continues to pursue widespread cuts across the federal government, according to multiple media reports.
Payroll February 18, 2025
Social Security Acting Chief Quits Over Musk-Led Hunt for Data
Social Security Agency acting commissioner Michelle King has reportedly resigned in protest over the effort led by billionaire Elon Musk to gain access to recipients’ personal information.
Taxes February 17, 2025
Opinion: Americans Would Pay Higher Taxes to Save Social Security
Voters are clear in how they want Congress to shore up the massively popular program’s deteriorating finances, but lawmakers don't seem to be listening.
Payroll January 30, 2025
Initial Social Security COLA Predictions Are in for 2026
For those living on a fixed income such as Social Security, a key part of financial planning may include keeping tabs on next year’s cost of living adjustment, and right now they’re looking pretty low.
Payroll January 29, 2025
Social Security Raises Payments, But Fairness Act Implementation Lags
If those with public pensions like teachers, police officers and firefighters are counting on a Social Security payment following the enactment of the Social Security Fairness Act, that's going to be a while—reportedly a year.
Taxes January 21, 2025
IRS Issues Guidance on State Paid Family and Medical Leave Programs
The IRS recently released guidance on the income and employment tax treatment of contributions and benefits paid in certain situations under a state paid family and medical leave program, as well as the related reporting requirements.
Payroll January 18, 2025
Should You Actively Trade in a Roth IRA?
Day trading in a Roth IRA is perfectly legal, but it may not be financially wise.
Taxes January 17, 2025
Reconciliation Debate to Test ‘Tax Cuts for the Rich’ Narrative
Washington is poised once again to return to united Republican control, and the GOP is preparing to extend the Tax Cuts and Jobs Act paired with deep cuts to federal programs that lower-income households rely on, such as Medicaid.
Benefits January 16, 2025
Medicaid Faces ‘Reset Moment’ Under Trump
It's not certain that major changes to such a keystone program can be accomplished in a single congressional year, but some form of cuts appears to be a pretty safe bet at this point.
Payroll January 15, 2025
7 Ways Gen Xers Can Turbocharge Retirement Savings Before It’s Too Late
The first edge of Gen X, which ranges in age from 44 to 59, is on the cusp of retirement, and they still have time and a handful of strategies to significantly improve their savings and retirement.
Taxes January 14, 2025
IRS and Treasury Department Propose Regs on New Roth Catch-Up Rule, 401(k) Auto Enrollment
The proposed regulations address several SECURE 2.0 Act provisions, including ones aimed at the new Roth IRA catch-up rule and the new automatic enrollment requirement for 401(k) and 403(b) plans.
Payroll December 13, 2024
Schumer Says Senate Will Vote on Social Security Changes That Would Benefit Thousands of Retirees
The Senate will vote on legislation to repeal two provisions that lower or eliminate Social Security benefits for many former public employees who have paid into the system.