An important player in your overall retirement plan, Social Security can help fund your living expenses when you’re no longer able to work or are working reduced hours. ...Read more Comments Off on Seven Factors to Consider Before Choosing a Goal Age to Collect Social Security
KEY POINTS Social Security benefits will get a modest cost-of-living adjustment in 2024, such that the average retired worker will receive an extra $59 per month. The maximum ...Read more Comments Off on 3 Big Social Security Changes Taking Effect in 2024 That Retirees Must Know
If you’re retired and receiving Social Security benefits, you may be aware that your income and expenses could change in the coming months. Each year, the Social Security Administration ...Read more Comments Off on Social Security COLA 2024: What to Do With the Extra Money
If you want to figure out how much your Social Security checks will be after the COLA increase without having to wait until then, consider using the 3.2% ...Read more Comments Off on Social Security: Here’s How To Find Out Early How Much Your COLA Increase Is
A Social Security funding crisis could be on the horizon if policymakers fail to take action to protect the program in the next decade, threatening a 23% cut ...Read more Comments Off on Will Social Security Benefits Really Get Slashed by 23% in the Next Decade?
Millions of Americans depend on Social Security payments to make ends meet. Retired workers are the largest group of beneficiaries, but children, spouses and disabled individuals may also receive these ...Read more Comments Off on 2023 Social Security COLA increase
Lawmakers are hashing out plans to shore up Social Security’s ailing trust funds, and the possible changes will affect the benefits Americans receive. Broadly, that comes down to two key ...Read more Comments Off on As Social Security reform talks heat up, changes to the retirement age, payroll tax may be on the table
The gender wage gap has remained remarkably stubborn for decades and, inevitably, becomes a significant shortfall at retirement. In 2020, women made 83 cents for every dollar earned by men, according to ...Read more Comments Off on This is what women must do to overcome the retirement savings shortfall, says a financial pro
Find calmer seas with a retirement plan that includes safe income and eliminates the sour stomach that comes with market corrections. Read more at Kiplinger ...Read more Comments Off on Choppy Market Impacting Your Retirement Income Plan?
As an economist, pulling punches isn’t in my DNA. So, I’ll be blunt: For most Americans, early retirement isn’t just a decision to take the longest vacation of their lives — ...Read more Comments Off on A Harvard-trained economist says ‘early retirement is one of the worst money mistakes’—here’s why you’ll ‘regret’ it