Tax Credit versus Tax Deduction
The tax code has two different mechanisms to reduce the amount of tax due from a taxpayer. They are the tax credit and the tax deduction. They work a little differently, but is one better than the other?
Category: Public Policy
Personal Healthcare Savings: We Can Do Better
We continue our look into retirement funding issues. While we generally think of retirement savings in preparing for retirement, we must also think of healthcare. Healthcare expenses in retirement can be devastating, especially since retirement incomes typically cannot be bumped up to
Personal Retirement Savings: A Need to Reimagine
We previously wrote about shortcomings in Social Security and why it should be reimagined. Today, we examine some issues with personal retirement savings that people can use to help prepare for retirement. Social Security was never intended to be a comprehensive retirement
Social Security and Why It Must Be Reimagined
The Roosevelt Administration created Social Security in response to the Great Depression. In 1935, the poverty rate among the elderly was over 50%. Social Security is now the main source of retirement income for millions of Americans. Many writers credit Social Security
U. S. Navy Birthday: October 13, 1775
This weekend, the U. S. Navy celebrates its 249th birthday. We join in celebrating the U. S. Navy’s birthday this weekend.
