US Economy

Increasing cost of living challenges for Baby Boomers As more Baby Boomers (1946-1964) retire every year, the cost of living continues to rise across the United States. This makes certain states more comfortable for seniors who have private retirement savings accounts (i.e., 401(k), Roth IRA, etc.) or public pensions, compared to those solely…

fizkes / iStock.com Building a nest egg can be daunting, even with a modest goal like $500,000 in savings. However, the good news is that with smart saving and compounding interest, you could be closer than you realize. In fact, maxing out your 401(k) plan and putting away as much of your salary as you can each pay period are critical…

Digital Intake Initiative: A New Approach to Tax Filing Efficiency for IRS The Enterprise Digitalization Office at the IRS is focused on strategic objective 1.2: the digitalization initiative. One of the projects under this initiative is the digital intake initiative, which aims to modernize the way paper tax returns are processed by…

Investments in Clean Energy on the Rise The International Energy Agency (IEA) has released a report indicating that investments in clean energy are likely to outpace spending on fossil fuels, driven by energy security concerns and policy support from wealthy countries. The ongoing war in Ukraine has contributed to these concerns. However,…