Social Security

Investors need to increase their allocation to stocks and other riskier investments to get the portfolio return that they need to secure their retirement.

Employees can fully deduct their IRA contributions if they have no access to a workplace retirement.

People are saving more money for retirement and setting up more retirement accounts, with fewer savers borrowing from their funds, according to author Dan Kadlec.

Clients can fully deduct their IRA contributions if they have no access to a workplace retirement plan.

People are saving more money for retirement and setting up more retirement accounts, with fewer savers borrowing from their funds, according to author Dan Kadlec.

Retirees on Social Security can expect the government to garnish a portion of their benefits if they fail to make student loan payments.

Retirees on Social Security can expect the government to garnish a portion of their benefits if they fail to make student loan payments.

First-time home buyers can withdraw as much as $10,000 from a Roth account without paying taxes and penalties if the account is at least five years old.

First-time home buyers can withdraw as much as $10,000 from a Roth account without paying taxes and penalties if the account is at least five years old.

The move to reintroduce legislation that seeks to adjust the cap on Social Security wages and to raise the payroll tax is a step in the right direction in fixing the program's solvency woes, says expert.