Social Security

With many clients already home from work because of the pandemic, advisors are being asked why not now? For most, even the wealthy, the answer is clear.

Plunging oil prices have all but ruled out the possibility, according to a new report.

Nearly 72% of Americans opted to stay the course and stick to their investment plan during the crisis, a survey found.

Finding the revenue to make up for the shortfall remains a “manageable exercise,” regardless of the as-yet unknown impact of the coronavirus, a Boston College economist says.

The rule change is designed to have an impact in the fight against COVID-19 and applies only to donations made to charitable organizations, an expert says.

“Concerns over the program's ability to pay promised benefits have been around for a long while, but they're heightened,” an expert says.

People born in 1960 could see a permanent cut in their benefits without action by policymakers, an expert warns.

Recipients of Social Security benefits, as well as railroad retirement and veterans benefits recipients, will need to act fast.

For one, clients will owe taxes still on the distributions, unless they recontribute the money into the account within three years.

“Traditionally, 401(k)s generally have some really good investment options that you wouldn’t be able to do on your own,” an expert says.