The federal government recently released a report on the nation’s finances, including longer-term projections for a rising deficit, which could mean higher taxes in the future. On a positive note, the Congressional Budget Office (CBO) report reflects a current decrease in the annual budget deficit for the last fiscal year. The easing of the deficit
Saving for retirement may be challenging but planning for retirement income can be even more complex.
Multiple recommendations have been made to fix Social Security and some strategies may be more costly for investors.