payroll tax

Health Care Reform's Hidden Tax on Annuities

The Obama administration is trying to encourage people to buy annuities for retirement. But a little-noticed provision of the new health care reform law slaps a 3.8% tax on payouts from certain annuities. And, not surprisingly, the life insurance industry isn't happy about that.

Makeover needed: Social Security

Everyone knows that Social Security is seriously in need of reform. But now that the retirement savings of so many Americans have been decimated by...