Social Security helps millions of older Americans stay afloat financially. And without those benefits, many would struggle to make ends meet.
Retirees who get most or all of their income from Social Security also rely on the program's annual cost-of-living adjustments (COLAs) quite heavily to ensure that they're able to...
Although inflation in the U.S. has been on a steady declinefrom its June 2022 peak, Americans say rising costs are the greatest threat to their ability to live comfortably in retirement, according to an October survey from Allianz Life.
A...
Most Americans are concerned about what may happen to Social Security when its retirement trust fund crosses a projected 2033 depletion date, according to a new Bankrate survey.
Nearly three-quarters, 73%, of non-retired adults and 71% retired...
Although Social Security has existed for many decades, a good number of its rules tend to change from one year to the next. For example, in 2025, Social Security benefits will increasing by 2.5%. And the earnings-test limits for those who...
Pensioners are being encouraged to check if they are eligible for Pension Credit, which comes with a host of additional benefits. The credit supplements a person's income, but claiming this support also provides access to other Government assistance, with an average...
One of the UK’s biggest pension funds has lost more than £350m on a series of “calamitous” investments in incinerator power plants that are expected to go bust in the coming days.
The Guardian understands that Aviva Investors will put three incinerators into administration this week after pouring millions of pounds into...
You're scrolling through social media and another friend is showing off their latest Mediterranean cruise. It's hard not to wonder – are they living the dream or ignoring the whole "retirement savings" thing?
If they're part of the upper class, there's a good chance they have the money to fund...
More than 72.5 million Americans will see a 2.5% cost-of-living adjustment in their Social Security and Supplemental Security Income checks in 2025.
Before then, beneficiaries can expect to receive a notice detailing how their monthly checks will change.
In December, the notices will be available online for beneficiaries who have My...
This time of year brings plenty of to-dos, from checking off your holiday gift lists to making travel plans. But there's one to-do you may not think of that can have a big payoff in the months to come: getting your year-end finances in order.
By taking a little time...
Retirement is often seen as a well-earned opportunity to enjoy life and pursue passions. While it can be a time of great satisfaction, clearly understanding what to expect can help you navigate potential challenges and confidently embrace the journey.
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