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2. Social Security Cuts vs. Proposed Tax Increases - AOL

   www.aol.com/social-security-cuts-vs-proposed...

   Without benefit cuts, the SSA would need to increase taxes by 25%. Increasing the payroll tax to 7.75% (up from its current 6.2%) for workers and employers would eliminate the shortfall, according ...

3. History of Social Security in the United States - Wikipedia

   en.wikipedia.org/wiki/History_of_Social_Security...

   In 1961, retirement at age 62 was extended to men, and the tax rate was increased to 6.0%. In 1962, the changing role of the female worker was acknowledged when benefits of covered women could be collected by dependent husbands, widowers, and children. These individuals, however, had to be able to prove their dependency.

4. 4 Ways Elections Can Affect Retirement Savings - AOL

   www.aol.com/finance/4-ways-elections-affect...

   Likewise, a win by President Biden would have its own impact on retirement taxes and policies. The Biden White House budget proposal called for several tax changes, particularly concerning ...

5. Social Security debate in the United States - Wikipedia

   en.wikipedia.org/wiki/Social_Security_debate_in...

   The Social Security debate in the United States encompasses benefits, funding, and other issues. Social Security is a social insurance program officially called "Old-age, Survivors, and Disability Insurance" (OASDI), in reference to its three components. It is primarily funded through a dedicated payroll tax. During 2015, total benefits of $897 ...

6. Here are the biggest retirement changes coming in 2023 - AOL

   www.aol.com/finance/biggest-retirement-changes...

   The Internal Revenue Service announced record-high maximum annual contributions to 401 (k) and similar retirement accounts for 2023. Workers who have a 401 (k), 403 (b), most 457 plans, and the ...

7. Roth IRA - Wikipedia

   en.wikipedia.org/wiki/Roth_IRA

   A Roth IRA is an individual retirement account (IRA) under United States law that is generally not taxed upon distribution, provided certain conditions are met. The principal difference between Roth IRAs and most other tax-advantaged retirement plans is that rather than granting a tax reduction for contributions to the retirement plan, qualified withdrawals from the Roth IRA plan are tax-free ...

8. Some retirement experts oppose nixing tax incentives - AOL

   www.aol.com/finance/talk-robbing-peter-pay-paul...

   A new brief from the Center for Retirement Research at Boston College makes the case for scrapping tax benefits on retirement plans like 401(k)s and IRAs, potentially adding billions of dollars in ...

9. Social Security Expert: Proposed Bill To Cut Taxes ‘Will Go ...

   www.aol.com/finance/social-security-expert...

   Social Security recipients who have to pay federal income taxes on their benefits got a ray of hope last fall when a bill was introduced to the U.S. Senate that aimed to begin a total phaseout of ...