The biggest 2023 retirement changes coming your way
A number of retirement reforms were included in the federal spending package that passed Congress.
Higher 401(k) contribution limits not helping many workers
This dearth of retirement savings has lasting repercussions for future retirees.
Lower Medicare premiums and deductibles on way for 2023
Most older Americans will have a sizable boost in their monthly retirement income next year.
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
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…
How Retirees on Fixed Incomes Can Survive Soaring Inflation
What three financial advisers suggest and how the U.S. government could help low- and moderate-income retired Americans
What We Get Wrong Planning For Retirement
The USC researchers also found that women were more likely than men to have been overly optimistic about retirement-benefits expectations. As a result, men “are more likely to save more…