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Social Security may send a $0 check for one common mistake

Social Security may send a $0 check for one common mistake

Claiming Social Security benefits early while continuing to work can have an unexpected consequence: a monthly payment from the Social Security Administration (SSA) may be withheld without warning, according to the SSA. For hundreds of thousands of early claimers who continue earning a paycheck, ...

Here's the latest retirement 'magic number.' Can you reach it?

Here's the latest retirement 'magic number.' Can you reach it?

American workers think they'll need more than $1 million to retire in comfort, but it's a goal most of them don't expect to meet.

House Bill Led by Clay Higgins and Troy Carter Advances to Floor Vote for Food Safety

House Bill Led by Clay Higgins and Troy Carter Advances to Floor Vote for Food Safety

A bipartisan legislative effort led by Congressmen Clay Higgins (R-LA) and Troy Carter (D-LA) is advancing in the U.S. House of Representatives. The bill, H.R. 2715, aims to enhance the U.S. food safety system by granting the Food and Drug Administration (FDA) the authority to destroy imported food products that pose significant public health risks. This measure seeks to close a loophole that currently allows exporters to redirect dangerous imports to other ports, potentially re-entering the U.S. market. The bill is scheduled for a vote under the House's suspension of the rules procedure, which is reserved for non-controversial bills and requires a two-thirds majority for passage. The Southern Shrimp Alliance, a key supporter, highlights the FDA's ongoing challenges with imported food products containing banned substances.

Retirement Savings Challenges: Americans Struggle to Meet 'Magic Number'

Retirement Savings Challenges: Americans Struggle to Meet 'Magic Number'

Retirement Savings Challenges: Americans Struggle to Meet 'Magic Number'

Should you take Social Security at 62? Consider these 4 factors

Should you take Social Security at 62? Consider these 4 factors

Americans are most likely to claim Social Security benefits at 62. But is it the "best" age? We examine 4 big reasons for claiming early.

Social Security Cuts Could Impact Retirees by 2033, Report Warns

Social Security Cuts Could Impact Retirees by 2033, Report Warns

A new report warns that newly retired couples in the U.S. could face significant reductions in Social Security benefits starting in 2033 if Congress does not address the program's looming insolvency. The Social Security and Medicare Trustees project that benefits could be reduced by approximately 22% by late 2032. This reduction would affect dual-income couples across various income levels, with potential annual losses ranging from $10,200 for low-income couples to $22,300 for high-income couples. The report highlights the urgency for legislative action to prevent these cuts.

Comparing HSA and 401(k) for Retirement Savings: Key Considerations

Comparing HSA and 401(k) for Retirement Savings: Key Considerations

Comparing HSA and 401(k) for Retirement Savings: Key Considerations

Senate Committee Advances WRDA 2026 with Key Water Infrastructure Funding

Senate Committee Advances WRDA 2026 with Key Water Infrastructure Funding

The Senate Environment and Public Works (EPW) Committee has unanimously approved the Water Resources Development Act (WRDA) of 2026. This bipartisan legislation aims to authorize new projects by the U.S. Army Corps of Engineers and reauthorize essential federal programs for drinking water and wastewater infrastructure. The WRDA 2026 includes provisions to enhance cybersecurity for critical water infrastructure and supports investments in flood resilience and ecosystem restoration. The bill reflects a bipartisan commitment to maintaining and upgrading the nation's water infrastructure, focusing on drinking water, wastewater systems, flood risk management, navigation, and environmental restoration. The legislation now moves to the full Senate for consideration, where, if enacted, it will continue Congress' biennial authorization of civil works projects by the U.S. Army Corps of Engineers.

Americans get blunt message on early retirement

Americans get blunt message on early retirement

For a generation captivated by financial independence, the ambition often narrows to a single figure. Save and invest enough, the reasoning goes, and paid work becomes a choice rather than a requirement. It ranks among personal finance's most durable promises. That one number anchors an entire ...

Social Security Benefits for Retirees at Risk of Significant Cuts by 2033

Social Security Benefits for Retirees at Risk of Significant Cuts by 2033

A new report warns that newly retired couples could face a reduction in Social Security benefits by nearly $17,000 annually starting in 2033 if Congress does not act to prevent the program's insolvency. The Old-Age and Survivors Insurance (OASI) trust fund, which pays benefits to retired workers and their families, is expected to be depleted by the fourth quarter of 2032. This depletion is due to the retirement of the baby boomer generation, declining birth rates, and increased life spans, which have led to Social Security paying out more than it collects.

America already tried permanent daylight saving time. It lasted less than a year. Could it work now?

America already tried permanent daylight saving time. It lasted less than a year. Could it work now?

The twice-yearly changing of the clocks could be a thing of the past if legislation currently in Congress that calls for permanent daylight time makes it through

Illinois Lawmakers Vote on Permanent Daylight Saving Time Bill, Dividing Opinions

Illinois Lawmakers Vote on Permanent Daylight Saving Time Bill, Dividing Opinions

The U.S. House of Representatives recently passed the Sunshine Protection Act, a bill that aims to make daylight saving time permanent across the United States. The legislation passed with a vote of 308-117 and now awaits consideration by the U.S. Senate. The bill allows states that are currently exempt from daylight saving time to choose standard time for those areas. Among Illinois lawmakers, a majority supported the bill, including Representatives Mike Bost, Nikki Budzinski, and Sean Casten. However, some, like Raja Krishnamoorthi and Mike Quigley, voted against it. The bill's proponents argue that it would eliminate the need for biannual clock changes, which they claim cause unnecessary disruptions.