After diligently saving and investing in pretax retirement accounts throughout your working years, you will eventually reach the age where you must start taking required minimum distributions (RMDs) in retirement. While these mandatory withdrawals can be a burden for some retirees who do not necessarily need the money, they also present an opportunity to make
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As the 2026 elections approach, former President Donald Trump and Vice President Kamala Harris are unveiling their economic agendas that include significant tax changes. These changes have the potential to affect millions of Americans and will be a key issue for the next president. Without action from Congress, trillions in tax breaks enacted by Trump
The federal minimum wage has remained stagnant at $7.25 per hour for the past 15 years, leaving many workers struggling to make ends meet. Despite efforts by some states to enact higher minimum hourly pay rates, there are still 20 states where the minimum wage is no higher than the federal level. This lack of
Vice President Kamala Harris recently introduced an economic plan that includes an expanded child tax credit, offering up to $6,000 in total tax relief for families with newborn children. This proposal aims to build on the higher child tax credit established through the American Rescue Plan in 2021. The plan has garnered both support and