Archive for December, 2012

Finances

How Your Taxes Might Increase Next Year

How Your Taxes Might Increase Next Year

Unless Congress takes further action before the end of this year, many Americans will be facing a tax increase beginning in 2013. Some pundits, who have referred to this pending tax increase as “the 2013 fiscal cliff” and “Taxmageddon,” have voiced concerns that this tax increase could threaten the fragile [...]

by × December 24, 2012 × 0 comments

Finances, Retirement

2013 Social Security COLA Less Than Half of 2012 Amount

2013 Social Security COLA Less Than Half of 2012 Amount

On October 16, the Social Security Administration (SSA) announced that the Social Security cost-of-living adjustment (or COLA) for 2013 will be just 1.7%—less than half of the adjustment that was made for 2012. The annual COLA is intended to help Social Security payments keep up with the rising cost of [...]

by × December 20, 2012 × 0 comments