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Elite Financial Group

Social Security benefit cuts could average $500 a month for retirees if trust fund runs dry, report finds

by Elite Financial Group | Jun 3, 2026 | Personal Finance

Social Security faces a looming depletion date for its retirement trust fund. A new report looks at how much benefit cuts Americans may see to their benefits.Read More…

Trump Accounts create a ‘legal backdoor’ for Roth IRA wealth, tax attorney says

by Elite Financial Group | Jun 3, 2026 | Personal Finance

There’s a strategy that could help turn these new investment accounts into tax-free vehicles in retirement, some experts say.Read More…

Homeowners insurance premiums have soared in recent years. How to reduce your costs

by Elite Financial Group | Jun 2, 2026 | Personal Finance

Insurance premiums have soared for many homeowners in recent years, but there are steps policyholders can take to reduce them, experts said.Read More…

Remote work is worsening youth unemployment, New York Fed finds

by Elite Financial Group | Jun 1, 2026 | Personal Finance

The expansion of remote work may explain the recent surge in youth unemployment, according to research by the Federal Reserve Bank of New York.Read More…

Trump’s ‘big beautiful bill’ turned 529 plans into ‘lifelong education’ accounts, expert says: How to take advantage

by Elite Financial Group | Jun 1, 2026 | Personal Finance

New rules allow 529 plan funds to pay for eligible career training, certifications, licensing fees and continuing education costs.Read More…

Student loan borrowing is ‘high stakes’ as new rules take effect on July 1, CFP says. What to know

by Elite Financial Group | May 31, 2026 | Personal Finance

Experts say that student loan borrowers should proceed with caution when taking on more debt or consolidating after July 1, due to upcoming changes.Read More…
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  • Social Security benefit cuts could average $500 a month for retirees if trust fund runs dry, report finds
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