Social Security's "full retirement age" is set to increase next year, meaning that those nearing retirement will have to hold off a little longer before they can claim a larger benefit.
The full retirement age (FRA) for Social Security was 65 when the program was created in the 1930s, but...
The end of the month is here for United States citizens. Likewise, the end of the year is near, which means that the Social Security payment calendar is also coming to an end. This is not bad news, though, as the end of this calendar means the beginning of a new one.
Also, a...
NEW YORK -- The holidays are meant to be a time of celebration with family and friends. But they can also bring pressure to spend money on gifts, gatherings and plane tickets home, exacerbated by brand emails, social media influencers and family expectations.
With credit card debt rising and prices...
The IRS is delaying until 2026 the closing of a key loophole that caused confusion for a subset of employees in a regulation that allowed workers to keep money invested in their workplace retirement plans longer.
Tax regulators issued a notice Wednesday deferring the anticipated effective date of a separate...
The end of the year is a time of reflection for many, and while some will look back on their experiences and achievements, money experts say it’s just as important to take stock of your finances.
Staying...
Helped by consistent savings efforts and market gains, average retirement account balances reached fresh highs in the third quarter, according to Fidelity, the largest 401(k) plan provider in the U.S.
The number of...
Traditional IRAs and 401(k) plans allow workers to save pre-tax dollars for retirement. Any contributions can be deducted from gross income, provided modified adjusted gross income does not exceed limits imposed by the IRS. That results in a smaller tax bill...
The end of the year is the time to start thinking about whether you want to make changes to one of your retirement accounts for 2025.
The IRS just raised how much money you can put into...
Among the changes Social Security recipients will see in 2025 is a higher full retirement age.
The number marks the age at which workers become eligible to claim 100 percent of their retirement benefit based on lifetime earnings.
For years, the full retirement age was 65, but that changed with a...
SSI payments are usually scheduled for the first day of the month. However, there are two occasions when Supplemental Security Income payments need to be rescheduled.
One of them is when the SSI payment date is either Saturday or Sunday. The second option is when the normal payday is a holiday. Of course, it it is...
