Katy Marquardt

1 day ago | usnews.com | Maryalene Laponsie |Katy Marquardt |Susannah Snider

Key Takeaways: President Donald Trump has proposed that no taxes be paid on tipped income. Currently, tips may be subject to income tax and payroll taxes, which fund Medicare and Social Security. Exempting tips from tax could lead some workers and businesses to try to shift income from wages to tips. The proposal is most likely to be enacted in a budget reconciliation bill although a separate bill, the No Taxes on Tips Act, has been introduced.

1 day ago | money.usnews.com | Maryalene Laponsie |Tracy Stewart |Katy Marquardt

Key Takeaways: Americans who want to retire abroad should set up an online my Social Security account before they leave the country. Social Security payments can be received by eligible beneficiaries located anywhere in the world, with the exception of a handful of countries. Having money deposited into a U.S. bank account is helpful, but not all institutions cater to expats. Expats may have to return “proof of life” forms to the Social Security Administration every year or two.

5 days ago | money.usnews.com | Hallie Crawford |Katy Marquardt |Susannah Snider

Key Takeaways: Avoid quitting your job during a recession, as job markets tighten, opportunities shrink and competition intensifies for open positions. Instead of looking for a new job when you're feeling overwhelmed or experiencing life changes, focus on managing your workload and seeking support. Consider timing and strategy before making a job switch. Avoid making rash decisions during tough days at work, and try to stay in a new job for at least a year to protect your reputation.

1 week ago | money.usnews.com | Maryalene Laponsie |Tracy Stewart |Katy Marquardt

Key Takeaways President Donald Trump has named Frank Bisignano as his choice for Social Security commissioner. Bisignano is a businessman and CEO of financial technology company Fiserv. Some people praise Bisignano as an excellent choice, given his business success. Others worry about Bisignano’s lack of experience in public policy. President Donald Trump has developed a reputation for making unconventional choices. Among them is the selection of Frank Bisignano as Social Security commissioner.

1 week ago | money.usnews.com | Robin Madell |Katy Marquardt |Susannah Snider

Key Takeaways Dealing with difficult co-workers can significantly impact your workday, productivity and well-being, so recognizing their behaviors is key to managing stress and maintaining a positive work environment. Remind co-workers who tend to distract you by gossiping or complaining that you have work to focus on, and steer clear of office manipulators.