Traditional and Roth Individual Retirement Accounts (IRAs): A Primer (CRS RL34397)

In response to concerns over the adequacy of retirement savings, Congress has created incentives to encourage individuals to save for retirement through a variety of retirement plans. Some retirement plans are employer-sponsored, such as 401(k) plans, and others are established by individual employees, such as Individual Retirement Accounts (IRAs). This report describes the primary features … Read more

Apportionment and Redistricting Following the 2020 Census (CRS IN11360)

The census, apportionment, and congressional redistricting are interrelated processes that occur every decade. The U.S. Constitution provides that a decennial census determines the distribution of U.S. House seats across states, though the federal government today also uses census data for other purposes, such as distributing funding to states and localities. The process of dividing House … Read more

Social Security: What Would Happen If the Trust Funds Ran Out?

  Should I Defer My Social Security Payout?   Social Security’s income and outlays are accounted for through two federal trust funds: the Federal Old-Age and Survivors Insurance (OASI) Trust Fund and the Federal Disability Insurance (DI) Trust Fund. Under their intermediate assumptions and under current law, the Social Security trustees project that the DI … Read more

Budget Deficit / Budget Surplus (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Budget Deficit / Budget Surplus   Lesson 1 National Debt & Budget Deficit Explained   The relationship between spending and revenues is reflected in the surplus or deficit figure. A surplus is an excess of revenues over outlays, while a deficit is an excess of … Read more