Lower Medicare premiums and deductibles on way for 2023
Most older Americans will have a sizable boost in their monthly retirement income next year.
Give back in retirement using your skills
Older adults who volunteer for as little as two hours per week can substantially lower their risk of early death, become more physically active, and improve their sense of well-being…
Social Security COLA bump may not be as big as expected
An 8.7% bump still is uncommon and would be the largest since 1981, when the COLA was 11.2%. A COLA of 8.7% would ramp up the average retiree benefit of…
Unretiring? You might face the Social Security earnings test
Roughly 1.5 million retirees have unretired and reentered the U.S. labor market over the past year, Nick Bunker, the director of economic research at Indeed Hiring Lab, told Yahoo Money
Major cost-saving changes to Medicare
“These provisions will not only save a lot of money, but provide the kind of price stability that is so important to people with fixed incomes.”
Retirees could see biggest bump in Social Security in decades
The cost-of-living adjustment for Social Security benefits, or COLA, could be an increase of 9.6% next year, boosting the average retiree benefit of $1,656 by $159 per month, according to…
Millennials may get hit with a loss of up to $675,000 in Social Security benefits
Unless there are reforms to the Social Security program before the surplus is depleted in 2034, millennials should expect roughly a 20% reduction in Social Security benefits when it’s time…
Social Security’s surplus gets a respite, new report predicts
“Surveys show that a significant portion of the population doesn't believe that they're going to receive Social Security benefits, those people are mistaken” Akabas said. “The program is not going…
Retirees welcomed back on the job amid inflation and volatile stocks
As of March 2022, 3.2% of workers who were retired just one year ago are now employed again, according to Indeed economist Nick Bunker's research.
Best ways the self-employed can save on taxes and help their retirement
One of the toughest things to do when you’re self-employed or running your own business is to save for retirement.