Retire

A sharp stock market sell-off sent major indexes tumbling Thursday, prompting financial experts to offer advice for Americans worried about their 401(k) retirement savings.

Midland, Michigan, tops the list of best places to retire, with affordable communities in Florida, Texas and other states also ranking in the top 10.

MoneyLion's analysis reveals the annual income needed to retire comfortably in all 50 states, ranging from $40,627 to $64,504 amid inflation.

Social Security Administration Commissioner Frank Bisignano says eliminating fraud, waste and abuse is the 'first solution' to protecting Social Security benefits.

Sen. Bill Cassidy warns the 3.6% Social Security COLA could drain the trust fund faster, leaving Congress roughly five and a half years to act before retirees face steep benefit cuts.

The Social Security Administration announced new the new cost-of-living adjustment after the latest consumer inflation data was released on Wednesday.

SaverLife and BlackRock launched a financial wellness app offering cash incentives and savings tools to over 75,000 skilled trades apprentices.

Homeownership costs surged 7.7% as the lifetime price of the American dream hit $5.32 million, far outpacing private sector wages and salaries.

Federal Reserve data shows retirement account balances jumped 11% to a median $106,000 as 401(k) and IRA enrollment hit 54.9% of U.S. families.

The 2027 Social Security COLA estimates range from 3.4% to 3.6%, topping the 2.8% increase for 2026, with September CPI inflation data still to come.

As 401(k) balances hit record highs, Jade Warshaw told FOX Business that steady investing — rather than trying to time the market — is the key to long-term wealth.

'The Ramsey Show' co-host Jade Warshaw says most people can save $1,000 in 30 days by slashing spending, boosting income and making short-term sacrifices.

Sussex County, Delaware, saw 40,000 new residents since 2020, with retirees drawn by low property taxes and no sales tax straining healthcare and schools.

A Government Accountability Office report found 17 of 31 retirement plan service providers surveyed don't limit their ability to sell data to data brokers.

Social Security 2027 COLA estimates range from 3.2% to 3.6% after July CPI inflation data showed consumer prices rose 3.4% from a year ago.

About 18% of Americans now use AI tools like ChatGPT for financial guidance, but confidence remains low compared to human financial advisors.

A flat-rate COLA proposal could close 50% of Social Security's 75-year fiscal shortfall, but the cost of waiting since 1987 has been enormous.

Fidelity's 2026 estimate shows a 65-year-old retiree may face $185,500 in medical expenses despite Medicare coverage, a 7.5% jump from last year.

The bipartisan PROMISE Act forces a floor vote on Social Security reform before the trust fund's 2032 depletion triggers a 22% cut to Americans' benefits.

President Donald Trump says his administration is studying superannuation, a mandatory program requiring employers to contribute 12% into retirement accounts.