Why FICA Taxes Are Taken Out Of Your Paycheck
FICA dates back to 1935, the same year the U.S. established the Social Security program. In 1965, FICA was expanded to account for Medicare as well.
Read MoreFICA dates back to 1935, the same year the U.S. established the Social Security program. In 1965, FICA was expanded to account for Medicare as well.
Read MorePerks like a comparably low cost of living and highly ranked health care system have made this country in southern Europe a popular one with expat retirees.
Read MoreThe Social Security Administration says ~40% of Social Security recipients pay taxes on their benefits. Here's a way to possibly get into the other group.
Read MoreThis winter city actually has a second high season in the summer, with the busiest days in July and early August, according to its business chamber.
Read MoreShopping at Aldi offers numerous benefits to budget-conscious shoppers including lower costs than other brands and a forgiving return policy.
Read MoreThis new IRS guidance for 401(k) matching is the result of the SECURE 2.0 Act. It applies to retirement plan years beginning after December 31, 2023.
Read MoreChances are you've heard of Bombas. It's, after all, the most successful "Shark Tank" product of all time. However, its success goes beyond numbers.
Read MoreThe high price to vacation in this Long Island hamlet isn't so surprising when you consider the median listing price for a home here is $2.8 million.
Read MoreLike Social Security, survivor benefits amounts depend on a beneficiary's age. The benefit reaches 100% at full retirement age, but spouses can claim it sooner.
Read MoreWith an ESPN+ subscription, it's reasonable to assume this will get you access to everything ESPN in an app. This, however, is not the case.
Read MoreIn a recent WalletHub report, this city ranked 177 out of 182 U.S. cities to retire in, ranking above 100 for affordability, quality of life, and health care.
Read MoreA 2024 report from security software company McAfee found that 28% of travelers have been scammed. This ATM scam is one of the simplest to carry out.
Read MoreFor many, there may come a time when you realize you need help managing your finances. This said, you'll want to ensure the advice is worth it, too.
Read MoreThe IRS can garnish wages, but the revenue service can also garnish Social Security. Keep in mind it has 10 years to collect from the assessment date.
Read MoreJulia Child started cooking in her 30s and studied at Le Cordon Bleu. Two years after publishing her (now collectible) first book, she debuted on TV.
Read MoreScrub Daddy is one of the most successful businesses ever to come out of the "Shark Tank" tank. Over 12 years later, the company is still innovating.
Read MoreTo fight fraud, credit cards have various advanced security features embedded, including a shiny "sticker" that's tough for fraudsters to counterfeit.
Read MoreAnother casual chain filed for bankruptcy protection on Saturday, November 2, 2024, and a major corporate restructuring is expected to follow.
Read MoreThis retirement strategy is one way to manage retirement income by way of "buckets" that correspond to short-, medium-, and long-term financial goals.
Read MoreBy 2035, Social Security is projected to become insolvent, meaning it won't be able to pay out full benefits. Here's the cost of the program today.
Read MoreDepending on their jurisdiction, Mega Millions winners have between 90 days and a year to claim their prize. Yet sometimes, the winner never shows.
Read MoreYes, you can borrow from a 401(k). Though there can be drawbacks, a 401(k) loan is often a better financial option, as you'll be paying yourself back.
Read MoreEach year, the IRS releases new inflation-adjusted tax brackets and standard deductions. In 2025, these adjustments are smaller than in 2023 and 2024.
Read MoreThe next time you go grocery shopping, if you find that a sale item is out of stock, know that you have an option available to you for future savings.
Read MoreThe spousal IRA (aka Kay Bailey Hutchison Spousal IRA) is a retirement account not everyone may be aware of, but which every married couple should be.
Read MoreWe asked CFP Shinobu Hindert if over-diversification was possible. She explained how to get the right mix for your portfolio, for your circumstances.
Read MoreBefore the new year, it's a good idea for every person to go through a year-end financial checklist, and especially retirees living on a fixed income.
Read MoreThe Social Security Administration only issues new Social Security numbers in a handful of circumstances. To request a new number, it must be done in person.
Read MoreHistory Channel's "Pawn Stars" has seen its share of odd, fascinating, and unexpected items. In this case, a historic box related to a famous embargo.
Read MoreLike other collectible ephemera, postcards that have been able to survive time can prove valuable. As a piece of history. Some, a literal snapshot.
Read MoreWe spoke with real estate expert Betsy Pepine about the ways a housing market crash affects homeowners and who among this group risks losing the most.
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