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#retirement-planning
Retirement
from24/7 Wall St.
21 hours ago

Wes Moss Tells Military Retiree With $2.5 Million: Your Pension Is Worth $1.6 Million in Bonds

Treating pensions as equivalent bond portfolios can enhance retirement planning strategies.
fromSilicon Canals
3 days ago
Retirement

I retired in January 2026 with $780,000 saved and by March I was back applying for part-time work - not because I needed the money but because inflation had made my 'enough' feel like barely surviving and I couldn't watch my future shrink in real time - Silicon Canals

Retirement
from24/7 Wall St.
6 days ago

The Social Security Breakeven Age Most Retirees Don't Know and Why It Should Change When You Claim

Only 13% of Americans know their full retirement age, crucial for making informed Social Security claiming decisions.
Business
from24/7 Wall St.
2 months ago

Why Your Retirement Age Doesn't Matter (But This Number Does)

Retirement timing depends on invested assets generating sufficient lifetime income, not age; calculate a target nest egg by subtracting guaranteed income and applying withdrawal rules.
Retirement
from24/7 Wall St.
21 hours ago

Wes Moss Tells Military Retiree With $2.5 Million: Your Pension Is Worth $1.6 Million in Bonds

Treating pensions as equivalent bond portfolios can enhance retirement planning strategies.
Retirement
fromSilicon Canals
3 days ago

I retired in January 2026 with $780,000 saved and by March I was back applying for part-time work - not because I needed the money but because inflation had made my 'enough' feel like barely surviving and I couldn't watch my future shrink in real time - Silicon Canals

Retiring early can lead to unexpected financial challenges due to inflation, even with substantial savings.
Retirement
from24/7 Wall St.
6 days ago

The Social Security Breakeven Age Most Retirees Don't Know and Why It Should Change When You Claim

Only 13% of Americans know their full retirement age, crucial for making informed Social Security claiming decisions.
Retirement
from24/7 Wall St.
1 week ago

The 401(k) Withdrawal Strategy That Saves High Earners $80,000 in Taxes

Converting traditional 401(k) funds to a Roth IRA before RMDs can significantly reduce future tax burdens and Medicare surcharges.
Washington DC
fromTruthout
1 day ago

Trump Budget Boosts War Spending While Slashing Domestic Programs

The Trump administration's fiscal 2027 budget requests a 43% increase in defense spending and a 10% decrease in non-defense funding.
US Elections
fromAxios
2 days ago

"We're fighting wars": Trump bets his presidency on the Pentagon

Trump's budget prioritizes military spending, significantly cutting non-defense programs amid declining approval ratings and rising gas prices.
US news
fromwww.npr.org
2 days ago

Trump calls for a major increase in defense spending alongside cuts in domestic spending

Trump requests $1.5 trillion for defense spending, prioritizing military investments over domestic programs amid significant national debt concerns.
Miami
fromMoneywise
5 days ago

58-year-old left NYC for Miami looking for tax savings. But he found an even bigger win: early retirement

Scott Scovel's move from NYC to Miami allowed him to retire earlier due to lower housing costs and no state income tax.
#social-security
Retirement
from24/7 Wall St.
1 day ago

These 5 Trump Administration Changes are Hurting Social Security Retirees

The Trump Administration made changes to Social Security that negatively impact retirees despite pledging not to cut benefits.
Higher education
from24/7 Wall St.
2 weeks ago

Student Loan Garnishment of Social Security Is Still Looming. Here Is Where Things Stand Now.

Social Security garnishments for federal student loan defaults are paused until a new repayment plan launches in July 2026.
Retirement
from24/7 Wall St.
4 days ago

3 Ways To Avoid Paying Taxes On Your Social Security Benefits

Social Security benefits may be taxed based on combined income, with low thresholds that haven't adjusted for inflation.
Retirement
from24/7 Wall St.
4 days ago

64% of Americans are Making a Fundamental Mistake on Social Security

Social Security's trust fund may run dry by 2032, but benefits will still be paid from ongoing revenue, covering about 75% of promised benefits.
Retirement
from24/7 Wall St.
6 days ago

Retirees Who Work While on Social Security Face Financial Shock

Supplementing Social Security benefits with part-time work may be necessary due to low average monthly benefits.
fromwww.theguardian.com
3 days ago

Pete Hegseth allows troops to carry personal firearms on military bases

Hegseth stated that current policies have essentially turned US military installations into gun-free zones, leaving those who live and work on the installations vulnerable. He emphasized that the war department's uniformed service members are trained at the highest standards and are entitled to exercise their God-given right to keep and bear arms.
SF politics
US news
fromwww.npr.org
4 days ago

Trump's VA killed a home loan program. Vets are now losing their homes because of it

Over 10,000 veterans faced foreclosure due to the shutdown of a key VA home loan safety-net program, with 90,000 more at risk.
#401k
Retirement
from24/7 Wall St.
3 days ago

Why Retiring Early With a Large 401(k) Balance Is Riskier Than It Looks

Early retirees face significant risks including penalties, market volatility, healthcare costs, and psychological impacts when accessing 401(k) funds.
from24/7 Wall St.
5 days ago
Retirement

The Hidden 401(k) Tax Bomb Waiting for Anyone Who Retires With Over $1 Million

Surviving spouses face significantly higher tax burdens due to changes in filing status and RMDs after the death of a partner.
from24/7 Wall St.
6 days ago
Retirement

401(k) Contribution Limits Changed This Year and Here Is What You Should Do Now

The IRS increased 401(k) limits for 2026, highlighting significant changes in catch-up contributions and total additions limits for retirement savings.
Bootstrapping
from24/7 Wall St.
1 week ago

The 401(k) Mistake Costing Average Americans $200,000 at Retirement

Low default contribution rates in 401(k) plans lead to significant retirement savings shortfalls due to employee inertia.
Retirement
from24/7 Wall St.
2 days ago

This 401(k) Rollover Move Can Save a High Earner $50,000 in Taxes

Choosing between rolling a 401(k) to an IRA or using the NUA strategy can save significant taxes.
Retirement
from24/7 Wall St.
3 days ago

Why Retiring Early With a Large 401(k) Balance Is Riskier Than It Looks

Early retirees face significant risks including penalties, market volatility, healthcare costs, and psychological impacts when accessing 401(k) funds.
Retirement
from24/7 Wall St.
5 days ago

The Hidden 401(k) Tax Bomb Waiting for Anyone Who Retires With Over $1 Million

Surviving spouses face significantly higher tax burdens due to changes in filing status and RMDs after the death of a partner.
Retirement
from24/7 Wall St.
6 days ago

401(k) Contribution Limits Changed This Year and Here Is What You Should Do Now

The IRS increased 401(k) limits for 2026, highlighting significant changes in catch-up contributions and total additions limits for retirement savings.
US Elections
fromFast Company
5 days ago

Tax day 2026 new deductions: Filing for 'No tax on tips' and overtime, car loan interest, senior tax breaks could save you thousands

Taxpayers must file 2025 tax returns by April 15, 2026, with new temporary deductions available under Trump's tax bill.
fromInsideHook
2 weeks ago

Some Drivers Will Qualify for a New Tax Break on Car Payments

An update to the tax code will enable some car buyers to write off their monthly payments on their taxes this year, with significant caveats for eligibility.
Cars
Boston
fromBoston.com
2 weeks ago

Would a Massachusetts income tax cut actually help you? Here's what to know.

A proposed ballot measure would reduce Massachusetts income tax from 5% to 4%, saving the median household $1,250 annually but costing the state approximately $5.1 billion in revenue.
Healthcare
fromAdvocate.com
2 weeks ago

Trans service people vindicated by latest research

Research analyzing 58 empirical studies found no evidence supporting claims that transgender military service increases costs, harms unit cohesion, or reduces readiness.
fromThe American Conservative
2 weeks ago

Veterans Have Earned The Right To Ask. It's Time We Did.

We Americans who will protect our flag should have a voice in where it is flown. Despite his unimpeachable record of heroism and patriotism, he was disparaged and mocked by his government and the corporate press.
Right-wing politics
fromwww.theguardian.com
1 week ago

US army raises upper age for recruits to 42 and scraps marijuana restrictions

The US Army has raised the maximum enlistment age to 42 years old and scrapped a barrier for potential recruits who have a legal conviction for marijuana or drug paraphernalia possession.
US news
Public health
from24/7 Wall St.
3 weeks ago

Higher-Income Retirees Face a Net Loss as IRMAA Surcharges Swallow the 2026 Social Security COLA

Social Security's 2.8% COLA increase is largely consumed by Medicare premium increases and IRMAA surcharges, leaving retirees with minimal net purchasing power gains.
Real estate
fromwww.housingwire.com
3 weeks ago

VA urged to revise elements of proposed partial claim rules

VA Home Loan Program Reform Act establishes a new partial claim option for distressed borrowers, positioned as the seventh step in loss-mitigation procedures with retroactive eligibility to May 1, 2025.
Retirement
from24/7 Wall St.
3 days ago

The Hidden Retirement Costs Tax Planning Can Help You Avoid

Tax planning is essential for managing retirement income and lifestyle, despite differing opinions on its importance.
Washington DC
fromAdvocate.com
3 weeks ago

Pentagon spent more on lobster in one month than it did on trans health care all year

The Department of Defense spent $93.4 billion in September 2025, including millions on luxury items like lobster, steak, and a grand piano, while arguing transgender military healthcare is financially burdensome.
California
fromwww.ocregister.com
1 month ago

Sacramento Snapshot: California bill would exclude military retirement pay from taxable income

California proposes eliminating state income tax on military retirement pay and survivor benefits to retain veterans and boost the state economy through their spending and second-career wages.
California
fromThe Mercury News
1 month ago

Sacramento Snapshot: California bill would exclude military retirement pay from taxable income

California proposes eliminating state income tax on military retirement pay and survivor benefits to retain veterans and their federal spending.
Retirement
from24/7 Wall St.
1 week ago

Here's exactly what Social security retirees need to do to qualify for the new tax deduction

The One Big Beautiful Bill Act introduces a new tax deduction for retirees, reducing taxable income and potentially lowering taxes on Social Security benefits.
Mental health
fromBusiness Insider
1 month ago

Top Marine says troops need to be able to lock in jobs before they leave the Corps

Start hiring Marines up to a year before separation to prevent vulnerable gaps and support mental health during civilian transition.
Retirement
fromABC7 San Francisco
1 week ago

Is there really no tax on tips, overtime, and Social Security? Here's what to know

The new tax law offers potential benefits, but many conditions and income thresholds affect actual tax liabilities for seniors and others.
US politics
from24/7 Wall St.
1 month ago

Retirees Beware: 6 States That Collect Over $9,000 in Taxes Every Year

Several states impose high combined state and local tax burdens, driven by heavy property, income, and retirement-income taxation that significantly affects residents and retirees.
#retirement-savings
Retirement
from24/7 Wall St.
1 week ago

What Retirement Really Looks Like With $3 Million in Savings

A $3 million retirement portfolio can provide a comfortable annual income of around $156,000, depending on various factors.
Retirement
from24/7 Wall St.
1 week ago

What Retirement Really Looks Like With $3 Million in Savings

A $3 million retirement portfolio can provide a comfortable annual income of around $156,000, depending on various factors.
Retirement
from24/7 Wall St.
2 weeks ago

President Trump Wants to Change the Way You're Saving for Retirement

Proposed changes aim to provide retirement savings plans to all workers, addressing the lack of employer-sponsored accounts and matching contributions.
fromSlate Magazine
1 month ago

Trump Wants Veterans to Lose Benefits As Soon As Their PTSD Symptoms Are Treated. There's One Problem With That.

During the troop surge in Iraq, I learned to constantly scan for threats, how to distinguish the sharp crack of a gunshot pointed in my direction from one outgoing toward an enemy, and the myriad ways that explosives can be hidden on a roadside. I learned that hypervigilance can be the difference between life and death. What I didn't learn was how to turn it off. Now, I take three psychiatric medications every day, and I go to therapy every week.
Law
#home-office-deduction
fromAol
1 month ago
Business

This Potentially Lucrative Tax Break May Be Off the Table for You This Year

fromAol
1 month ago
Business

This Potentially Lucrative Tax Break May Be Off the Table for You This Year

Retirement
fromUSA TODAY
2 weeks ago

IRS tax forgiveness requirements: Who qualifies and how it works

The IRS offers various tax relief options, not a single 'tax forgiveness' program, based on individual financial situations.
Retirement
from24/7 Wall St.
2 weeks ago

Clark Howard Says Military Families With Emergency Funds at Navy Federal Are Leaving Serious Money on the Table

Navy Federal Credit Union prioritizes borrowers over savers, resulting in lower savings rates compared to online banks.
Real estate
fromwww.housingwire.com
1 month ago

Property tax burdens vary widely as states debate senior relief

State property tax effective rates vary widely, with Hawaii at 0.27% and New Jersey at 2.11%, producing large differences in annual homeowner bills.
#social-security-taxation
Retirement
from24/7 Wall St.
2 weeks ago

The Less Obvious Reason You Might Pay Taxes on Social Security

Required minimum distributions from traditional retirement accounts can push income high enough to trigger taxes on Social Security benefits, creating an unavoidable tax liability for many retirees.
Retirement
from24/7 Wall St.
3 weeks ago

85% of Your Social Security Can Be Taxed and Most Retirees Never See It Coming

Combined income—adjusted gross income plus tax-exempt interest plus 50% of Social Security benefits—determines what percentage of Social Security is taxed, with frozen IRS thresholds since 1984 causing more retirees to face taxation as benefits rise with inflation.
Retirement
from24/7 Wall St.
4 weeks ago

A Married Couple Collecting Social Security Face a $44,000 Tax Trap Most Never See Coming

Married couples claiming Social Security face disproportionate taxation on benefits because IRS thresholds haven't adjusted for inflation since 1983, causing up to 85% of benefits to become taxable at relatively modest income levels.
Retirement
fromMoneyLion
2 weeks ago

Tax Questions Middle-Class Americans Should Ask

Middle-class Americans should actively review income changes, withholding amounts, and pre-tax contributions annually to avoid missed deductions, unexpected tax bills, and lost refunds.
from24/7 Wall St.
2 weeks ago

Military Mom, 40, Works 3 Jobs Making $102K But Stuck in $112K Debt

That's a $9,000 raise, essentially. Sell the car and use that cash to get a functional car. If you can sell it, get that $5,000 in your hand plus this $9,000 and buy you a $15,000 paid-for car, that's a nice car. And now you got no car payments.
Retirement
Public health
fromBusiness Insider
2 months ago

The US military's annual suicide report is missing, and the Pentagon isn't offering any answers

The Pentagon's annual military suicide report and quarterly suicide data releases are delayed with no timeline, undermining transparency and accountability.
Retirement
from24/7 Wall St.
2 weeks ago

This Could Be Social Security's Most Confusing Rule

Spousal Social Security benefits cap at 50% of the spouse's primary insurance amount and cannot grow beyond this maximum, unlike individual benefits which increase 8% annually when delayed past full retirement age.
Retirement
fromTravel + Leisure
2 weeks ago

These Are the 10 Most Affordable States to Retire at 40-and How Much It'll Cost You

Early retirement at age 40 requires an average of $2.2 million in savings, with costs varying significantly by state from $2.1 million in Oklahoma to $4.6 million in Hawaii.
#retirement-taxes
fromSFGATE
1 month ago

800,000 Retirees in Oregon Qualify For The 'Senior Deduction' Under Big, Beautiful Bill

As part of the One Big Beautiful Bill Act (OBBBA), signed into law by the Trump administration on July 4, 2025, a so-called " senior deduction " is being hailed as a historic tax benefit. For the roughly 800,000 seniors in the Beaver State, this relief comes at a critical time as housing and utility costs continue to climb. While Social Security remains federally taxable, this new deduction is designed to effectively offset those taxable portions for the vast majority of recipients.
US politics
US politics
fromSFGATE
1 month ago

700,000 Retirees in Louisiana Qualify for the 'Senior Deduction' Under Big, Beautiful Bill

OBBBA's senior deduction largely shields Social Security from federal taxes, delivering significant tax relief to most Louisiana retirees.
Retirement
from24/7 Wall St.
1 month ago

Retirees Are Overlooking This Simple Way to Add $500 a Month in Income

Generating $500 monthly retirement income through monthly-paying ETFs provides meaningful financial comfort and matches real-world bill payment cycles better than quarterly distributions.
US politics
fromwww.housingwire.com
2 months ago

House bill would raise VA mortgage fees to fund veterans' benefits

Proposal raises DIC 5% over five years, increases SMC by $10,000 for severely disabled veterans, funded by higher VA mortgage guaranty fees.
fromSFGATE
1 month ago

300,000 Retirees in New Hampshire Qualify for the 'Senior Deduction' Under Big, Beautiful Bill

At the heart of this legislation is the "senior deduction," a provision created to provide financial breathing room for those living on fixed incomes. For the state's aging population, the policy could deliver meaningful tax benefits during a time when many are hoping to age in place in their homes, but need the extra money in order to do so.
US politics
US politics
fromSFGATE
1 month ago

600,000 Retirees in Oklahoma Qualify for the 'Senior Deduction' Under Big, Beautiful Bill

The OBBBA senior deduction can eliminate federal tax on Social Security for roughly 600,000 Oklahoma retirees and raise total deductions for qualifying seniors.
US politics
fromwww.housingwire.com
1 month ago

Mortgage trade groups urge rollback of proposed VA loan fee hikes

H.R. 6047 would raise VA home loan fees—extending the funding fee to 2036, raising the IRRRL fee to 1.4%, and increasing assumption fees—potentially limiting veterans' affordable home financing.
US politics
fromFort Worth Star-Telegram
2 months ago

Filing taxes in Texas? Here are five ways to lower your bill in 2026

Self-employed Texans can use business and home office deductions, mileage, medical and education credits, and other eligible tax breaks to reduce 2026 tax bills.
Retirement
fromwww.independent.co.uk
2 months ago

Explaining the pension superpower you need to know about

Pension tax relief redirects income tax into pension contributions, boosting retirement savings, yet fewer than a third of people understand how it works.
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