Retirement account withdrawals not only help you cover basic living expenses, but they also can fund the lifestyle you've always envisioned in your golden years. That money, however, can have ...

Social Security is a crucial source of income for many seniors, so understanding the details of how these benefits work is ...

A new legislative proposal, titled the “You Earned It, You Keep It Act,” aims to make all Social Security benefits tax-free ...

Despite a bit of confusion earlier this year, Social Security benefits remain a source of taxable income. The percentage you'll pay depends primarily on how much you bring in. While a new deduction ...

Last week, the Social Security Act celebrated its 90th anniversary — a milestone for one of the United States’ most important so-called safety nets. The program has lifted millions of older adults out ...

You could owe Social Security taxes on up to 85% of your benefits, depending on your income and marital status. The “big, beautiful bill” didn't eliminate Social Security benefit taxes. It did ...

A massive new tax law, nicknamed the “One Big Beautiful Bill” (OB3), is bringing sweeping changes to the U.S. tax system, and experts say taxpayers should take time to understand the fine print.

A new $6,000 senior tax deduction in Trump's new tax bill, the One Big Beautiful Bill, starts in tax year 2025, offering potential savings for retirees 65 and older.

Dear Savvy Senior: Do I have to pay taxes on my Social Security retirement benefits? I heard that President Trump’s big, beautiful bill eliminated that. What can you tell me? — About to Retire Dear ...

Part of retirement planning includes knowing how much you stand to get from Social Security, and how that may or may not be ...

Forbes contributors publish independent expert analyses and insights. I am the President of Diversified, a CFP and author. retirees, especially around what some are calling “tax-free Social Security.” ...

If you're withdrawing money from a retirement fund, monitor how those withdrawals impact your adjusted gross income and tax rate. Even after retirement, it's vital to regularly review and adjust your ...