Covid-19 Is Most Certainly A Retirement Story

Residents of a retirement home on their first official group outing since Mid March lock-down Image: Flickr Creative Commons | https://flic.kr/p/2j4CT1X [Forbes] The Covid-19 recession, like all recessions, threatens the wealth and retirement security of millions of workers. Job loss prompts people to stop saving, raid their nest eggs or go into debt by falling …

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Enacting a $15 Minimum Wage is a Win for Social Security

[via Social Security Works] Today’s federal minimum wage[1] is only $7.25 an hour. It is worth less and buys less than it did a half century ago.[2] At the same time, the United States is at its wealthiest moment in history. The inadequate minimum wage hurts low-wage workers. In fact, it hurts all workers,[3] as …

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Millionaires Are Done Paying Into Social Security for the Year

Image via Flickr Creative Commons | https://flic.kr/p/fodXun [Via NCPSSM] Today is the day most millionaires stop paying into Social Security for the rest of the year, while most of us will continue contributing FICA payroll taxes through the end of December.  The payroll tax cap for 2021 is $142,800 in annual wages.  As of today, the average …

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