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President Joe Biden signed the wide-ranging Inflation Reduction Act (IRA) into law on Tuesday afternoon, bringing welcome news for many retirees. Biden's act ushers in major cost-saving changes to ...
President Joe Biden delivered the State of the Union address on March 7, in a wide-ranging speech in which he addressed what he plans to change -- or not change -- about drug costs and Medicare, as...
The standard monthly Part B rate is rising from $164.90 to $174.70, snipping about $10 a month off the COLA gain. The annual deductible for all Medicare Part B beneficiaries will be $240 in 2024 ...
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession.
Biden has proposed a 4-point plan that would mostly impact high earners who can depend on their retirement savings to get by. The plan includes the following: Tax earned income above $400,000 ...
In total, workers who are 50 and older can contribute up to $30,000 starting in 2023. The annual contribution limit for IRAs next year also increased to $6,500 from $6,000 — an increase of 8.3% ...
That was the same year that Individual Retirement Accounts were created and six years before the first 401(k) plan was implemented — so as Biden pointed out: “Things are different now, but the ...
On the 1040 form, line 6a lists the total Social Security benefits received for the year. The combined amount for both Joe and Jill comes out to $54,665. That breaks down to roughly $4,555 a month ...