Enter Secure 2.0—spectacular legislation passed in 2022—bringing amazing and phenomenal changes in U.S. retirement laws in a few decades. It intends to allow Americans to save more for retirement, access those funds during emergencies more easily, and provide more flexibility in the provisions of retirement plans. Some provisions will go into effect in 2023 and … Read more
Tax policy in the United States has always been a topic of discussion, especially when a major change directly impacts people’s pockets. Recently, former President Donald Trump’s tax plan has reignited debate, as the SALT (State and Local Tax) deduction limit has been raised to $40,000. This change not only disrupts the tax system but … Read more
Great news has been pouring in from Georgia as the year 2025 kicked off. The Georgia Department of Revenue has begun the disbursal of this year’s Surplus Tax Refund. A one-off payment program financed from the state’s budget surplus, the program has so far issued payments to more than 3 million people, for an amount … Read more
If you’re considering installing solar panels for your home or business, 2025 could be a golden opportunity. The US government’s biggest incentive for citizens to adopt clean energy is the Federal Solar Tax Credit, officially known as the Investment Tax Credit (ITC). This scheme provides a portion of the total cost of your solar panel … Read more
The cost of higher education has been continually increasing. Virtually all students need to take out a form of student loan to pay for their education and career plans. The obligation of long-term loan repayment has also greatly increased the financial burden placed on many students and families. Because of this, in 2025 the US … Read more
The Secure 2.0 Act, passed in 2022, is considered one of the most significant reforms to US retirement savings laws in decades. It aims to help ordinary Americans save more for retirement, ensure easy access to their savings in emergencies, and provide greater flexibility in retirement planning. While some of its provisions came into effect … Read more
For retirees in the US, deciding which state is best for retirement depends on many factors. One of the most significant factors is state tax policy. When a person retires from employment, their income primarily depends on sources like Social Security, pensions, or retirement savings. Consequently, the tax policy of the state in which they … Read more
Millions of government employees and senior citizens in the United States rely on Social Security benefits during their retirement. But many people need to understand how the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) can affect their benefits. The WEP and GPO are part of rules designed to adjust the Social Security pensions … Read more
From Promise to Participation: For most of the 20th century, retirement meant financial stability and the assurance of lifelong income for American workers. At that time, “Defined Benefit” (DB) pension plans were common, guaranteeing a fixed monthly pension based on years of work and salary. These plans ensured that no employee had to worry about … Read more
Millions of senior citizens in the United States wait every year to learn how much their Social Security income will increase in the coming year. This increase is determined through a COLA (Cost-of-Living Adjustment), which is based on inflation. According to data coming out by the end of 2025, the COLA increase for 2026 is … Read more