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He Spent Down the Roth First to 'Save' the IRA for His Kids. He Left Them a $120,000 Tax Bill Instead of a Tax-Free Account
10+ hour, 17+ min ago (540+ words) Saving the Roth for the kids sounds generous, but a rule most retirees missed in 2020 turned that good intention into a six-figure tax burden spread across a decade of their children's peak earning years. Life After Work desk. Editor: David…...
AARP cancels Virginia U.S. Senate debate
1+ day, 13+ hour ago (276+ words) (The Center Square) – AARP Virginia has canceled an October debate between Democratic U.S. Sen. Mark Warner and Republican challenger Bert Mizusawa after Warner’s campaign said he could not commit to participating. The People’s Debate had been scheduled for Oct. 7 at…...
Social Security Focus of Events for Candidates Turek, James
2+ day, 6+ hour ago (316+ words) Iowa (RI) — Former Social Security Administration Commissioner Martin O’Malley is in Iowa this week, campaigning with Democrats running for the U.S. Senate and in Iowa’s 2nd Congressional District. O’Malley, who led the agency during the Biden Administration, says Social Security…...
U.S. Debt Doubles Under Trump and Biden -- Now Exceeds $40 Trillion
2+ day, 13+ hour ago (548+ words) Federal debt just crossed a threshold no Treasury ledger has ever seen, and the speed of the final trillion reveals something about where the money is actually going and who is paying for it. The professional research desk has always…...
US federal budget deficit reaches $2 trillion
2+ day, 19+ hour ago (142+ words) atlaspress.news Estimates from the Congressional Budget Office show that the US federal budget deficit reached $2 trillion in the first 11 months of fiscal year 2026 According to the estimate, the newly recorded figure is only $6 billion less than the deficit in…...
Hear U.S. Senate candidate Josh Turek talk Social Security
2+ day, 18+ hour ago (22+ words) The Des Moines Register Hear U.S. Senate candidate Josh Turek talk Social Security...
Republicans delayed healthcare cuts until after the election to save their seats. We must remind voters of this BEFORE the election!
3+ day, 1+ hour ago (373+ words) Daily Kos This content is not subject to review by Daily Kos staff prior to publication. In case you’ve forgotten, the biggest benefit cuts in the Big Billionaires’ Budget don’t take effect until after the election, and that delay was…...
Former social security commissioner campaigns with Turek as he lays out his solvency fix
2+ day, 22+ hour ago (381+ words) President Donald Trump delivers the Presidential Keynote at the Republican National Committee's Midterm Convention in Dallas, Texas. DES MOINES, Iowa — Former Maryland Gov. Martin O'Malley, who also served as commissioner of the Social Security Administration, campaigned in Iowa with Democratic…...
Every Babysitting Dollar Her Granddaughter Earned Since 14, Grandma Has Matched Into a Roth. The Girl Is 22 and Has Never Paid a Cent of Tax on an Account That Will Outlive Grandma by Sixty Years
3+ day, 5+ hour ago (850+ words) A grandmother found a rule buried in the tax code that lets someone other than the child fund a retirement account in that child's name, and she has been quietly using it since her granddaughter was fourteen. Most families who…...
US National Debt Now Exceeding GDP
3+ day, 9+ hour ago (103+ words) NC Scout is the nom de guerre of a former Infantry Scout and Sergeant in one of the Army’s best Reconnaissance Units. He has combat tours in both Iraq and Afghanistan. He teaches a series of courses focusing on small…...