Tag: Social Security
2020 was a year like no other. But despite the pandemic, most baby boomers’ finances emerged unscathed. The stock market rebounded smartly from its March nosedive. And the economy has improved, though it remains on shaky ground. Our readers, having largely ridden out last spring’s disruptions, returned to a perennial issue of interest to them:…
Four out of five retired households will pay little or no income taxes. But the tax rates at the highest income levels are meaningful, averaging 11 percent of household income and as much as 23 percent at the very top. These estimates come from a new analysis by the Center for Retirement Research that sheds…
