When it comes to retirement planning, one aspect that often gets overlooked is the concept of required minimum distributions (RMDs). After funneling money into pretax retirement accounts, retirees will eventually face mandatory withdrawals known as RMDs. While these withdrawals can be a nuisance for retirees who do not necessarily need the money, they can also
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With the economic agendas of former President Donald Trump and Vice President Kamala Harris being front and center, the issue of taxes has come into sharp focus for the upcoming presidential election. As it stands, trillions in tax breaks implemented by Trump through the Tax Cuts and Jobs Act are set to expire after 2025,
The federal minimum wage has remained stagnant at $7.25 per hour for the past 15 years, greatly impacting the livelihood of workers across the country. Democratic presidential nominee Kamala Harris has proposed raising the minimum wage, emphasizing the need to support working families in America. While several states have implemented higher minimum wage rates, there
Vice President Kamala Harris recently unveiled an economic plan that includes an expanded child tax credit worth up to $6,000 to provide tax relief for families with newborn children. This plan aims to build on the higher child tax credit that was enacted via the American Rescue Plan in 2021. Harris’s proposed tax break is