(Dow Jones) The time has come for the nation to face some facts, and according to Republican Rep. John Boehner, the House minority leader, that means fixing Social Security by hiking the normal retirement age to 70 for future retirees, from the current 67.
NEW YORK (CBS News) -Stocks plunged in the final hour of trading Thursday, sending the Dow
Jones industrial average down more than 675 points, or more than 7
percent, to its lowest level in five years
WASHINGTON (AP) - Americans' retirement
plans have lost as much as $2 trillion in the past 15 months, Congress'
top budget analyst estimated Tuesday.
People age 55 and older face much bigger challenges in making up the
401(k) account balances they’ve lost over the last 18 months than do
those under 30 and may need to delay retirement if they can’t
significantly increase contributions, says a new report from a leading
global benefits consultant.
Women have more to fear than men when it comes to facing the financial risks of retirement, according to a new report.
There has been much talk about the potential for
higher taxes in view of the massive cost of the government bailouts -
but here's an article that sheds light on another looming tax issue...
WASHINGTON — Taxing the rich may be popular with many Americans, but
some experts warn that a proposed tax on the wealthy to pay for an
overhaul of health care could be bad economic medicine.
WASHINGTON — Three tax increases proposed by President Obama and House Democrats on the richest Americans could produce the highest tax rates in a quarter-century. Tax Rates and Tax Rate Changes
Tax rate changes since 1980 and what would happen in 2011.
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