What to Do about a Retirement Plan for Your Business?

The following article was published by the SBA. According to the Census Bureau, only 45 percent of workers at companies with 1 to 49 employees had access to a retirement plan. This percentage jumped to 76 percent at companies with 50 to 99 employees, and to 90 percent for companies with 100 or more employees. …

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Facts to Help Taxpayers Understand Individual Retirement Arrangements

The following article was published by the IRS. Individual Retirement Arrangements – better known simply as IRAs – are accounts into which someone can deposit money to provide financial security when they retire. A taxpayer can set up an IRA with a: bank or other financial institution life insurance company mutual fund stockbroker Here are …

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Retirees with Pension Income Should Do a Paycheck Checkup ASAP

The following article was published by the IRS. Retirees should do a Paycheck Checkup to make sure they are paying enough tax during the year by using the Withholding Calculator, available on IRS.gov. The Tax Cuts and Jobs Act, enacted in December 2017, changed the way tax is calculated for most taxpayers, including retirees. Because …

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5 Facts You Might Not Know About Social Security

The following article was published by the SSA. Most people know at least something about Social Security. For decades, Social Security has been providing valuable information and tools to help you build financial security. Here’s your opportunity to find out a little more, with some lesser-known facts about Social Security. 1. Social Security pays benefits …

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5 More Facts You Might Not Know About Social Security

The following article was published by the SSA. What kind of questions do you and your friends ask about Social Security? When do my benefits arrive? What are Social Security work credits, and do they have anything to do with the way my benefits are figured? Will I be automatically enrolled in Medicare? Read on …

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Be Careful about SSA Impersonation Schemes

The following article was published by the SSA. Social Security officials are warning citizens about ongoing Social Security Administration (SSA) impersonation schemes, including suspicious phone calls claiming to be from SSA. In one case, an automated recording states the person’s Social Security number (SSN) “has been suspended for suspicion of illegal activity,” and the person …

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