Social Security Offers Benefits from Birth Through Old Age

Social Security Offers Benefits

The bulk of Social Security benefits go to retirees, but Social Security is much more than a retirement program. Most Americans are protected by the Old-Age, Survivors, and Disability Insurance (OASDI) program — the official name of Social Security — throughout their lives. At the Beginning of Your Career Your first experience with Social Security…

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Keep an Eye Out for IRS-Related Scams

Keep an Eye Out for IRS-Related Scams

The IRS warns that although scams are especially prevalent during tax season, they also take place throughout the year.1 As a result, it’s important to always be on the lookout for suspicious activity so that you don’t end up becoming the victim of a scam. One of the more common IRS scams involves phishing emails.…

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Diversifying with Market Caps

Diversifying with Market Caps

The U.S. stock market struggled in 2022, with the S&P 500 index ending the year down 19.4%.1 The S&P 500, which includes stocks of large U.S. companies, is generally considered representative of the U.S. stock market as a whole, and it is a good benchmark for broad market performance. But there are thousands of smaller…

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HOT TOPIC: Rescuing America’s Safety Net

Social Security program

A March 2023 survey found that more than 90% of Americans worry about the Social Security program, and about half of those said they worry a great deal.1 A separate survey the same month found that more than 80% of Americans worry Medicare will not be able to provide the same level of benefits in…

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Breaking Down Clean Vehicle Tax Credits for Business Owners

Vehicle Tax Credits

If you own a business, you might be able to use one of these two new federal tax credits to help offset your cost to purchase certain clean vehicles (including electric, plug-in hybrid, and fuel cell vehicles). Both credits are nonrefundable if they exceed your tax liability, but an unused general business tax credit can…

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Tax-Loss Harvesting Offers Chance at Silver Lining

Tax-Loss Harvesting

Tax-Loss Harvesting Offers Chance at Silver LiningStock market downturns can be rough on your portfolio’s bottom line, but they may also offer the potential to reduce your tax liability and possibly buy shares at a discount. When an investment loses money, it’s often best to look beyond momentary price swings and hold it for the…

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Bond Yields Are Up, but What Are the Risks?

Bond Yields Are Up

After years of low yields, bonds are offering higher yields that may be appealing to investors regardless of their risk tolerance. While bonds could play a role in any portfolio, they can be a mainstay for retirees looking for stability and income, and near-retirees might consider shifting some assets into bonds in preparation for retirement.…

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You’ve Received an Inheritance, Now What?

Received an Inheritance

If you’ve recently received an inheritance, you may be facing many important decisions. Receiving an inheritance might promote spending without planning, but don’t make any hasty decisions. Here are some suggestions that could help you manage your inheritance. Identify a team of trusted professionals Tax laws can be complicated, so you might want to consult…

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HDHP/HSA Pairing May Help Control Medical Costs

high-deductible health plan

If your employer offers health insurance benefits, one of your options may be a high-deductible health plan (HDHP) with eligibility for a health savings account (HSA). These plans offer potential savings by encouraging you to make cost-effective choices in your medical spending. If you do not have employer-sponsored health coverage, you can choose from a…

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Hot Topic: Can Consumers Keep Carrying the Economy?

Consumer spending

Consumer spending accounts for about two-thirds of U.S. gross domestic product (GDP), so it plays an outsized role in driving economic growth or slowing it down.1 For the last 18 months, U.S. consumers have kept the economy strong despite high inflation and rising interest rates. The question now is whether consumers can maintain this momentum…

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