Page 3 - David Certner News Today

Raiding your retirement accounts can be expensive. Withdrawing money before age 59 1/2 typically triggers income taxes, a 10% federal penalty and — worst of all — the loss of future tax-deferred compounded returns.

Breaking News, Sports, Manitoba, Canada

AARP is urging federal regulators to rein in credit card late fees that can put seniors at a disadvantage when trying to make ends meet.

The proposal would prevent the sale of asset -backed securities tainted by any material conflict of interest and commenters feel that munis should be excluded from the final rule.

No matter which side of the aisle a senior is on, theres a good chance theyll benefit from legislation Congress passed in 2022 that went into effect in January, according to David Certner, legislative counsel for AARP...

And Rep. George Santos faces new scrutiny.

The Secure 2.0 Act provides for direct government contributions to retirement accounts for low- and moderate-income workers, though that won’t start until 2027.

“This is very much a middle class problem. You are hitting the middle earner, even people with modest incomes,” said Mary Johnson, Social Security and Medicare policy analyst at the nonpartisan Senio…

It seems like such good news -- Social Security benefits are going up 8.7% next year, thanks to inflation. But for a lot of people, their tax bill could go up, too.

Social Security recipients may be due for the largest cost of living adjustment (COLA) to their benefits in ...