Some US workers delaying retirement due to inflation, rising cost of living: survey
A little more than half of the employees (58%) surveyed by the Nationwide Retirement Institute said they felt optimistic about their retirement plan, with 40% saying they would likely have to delay retirement by four years.
Inflation could give Social Security recipients a record $1,700 increase next year
The Senior Citizens League estimated Social Security recipients could receive an 8.7% cost-of-living adjustment as inflation erodes retired Americans' buying power.
Best US cities for retirement in 2022: New report reveals top picks
WalletHub identified the U.S. cities that are the best places to retire in this year, based on affordability, activities, quality of life and health care.
What is a 401k? All you need to know about managing your retirement plan
A 401(k) plan allows American workers to save enough money to live on during retirement and is sponsored by employers in various mutual funds.
Soaring inflation driving retired employees back to the workforce
Retiring has always caused anxiety for people who have spent their lives building a career. High inflation is leading more people to return to the workforce.
Retirement accounts take hit with inflation, but investors stay the course
Retirement accounts have taken a brutal beating in the volatile 2022 markets, but a new study shows investors are still committing over the long haul.
These are the top retirement income concerns for many older Americans, according to a survey
In a recent survey, many older Americans said inflation is changing their retirement plans.
Retirees take last shot to save pensions after being rejected by courts
The retirement package for Delphi Corp. employees was slashed when General Motors went into bankruptcy in 2009. Some lost retirement savings and health coverage.
Former Netflix, IBM software engineer turned TikToker talks retiring at 30
This TikTok sensation has amassed over 748,000 followers talking about careers, the tech industry, investing, and more.
Retirement accounts lose trillions in stock rut
Stock market declines from the beginning of the year have amounted to trillions in losses for retirement accounts, and Americans are feeling the pain.
Inflation could mean highest Social Security cost-of-living adjustment since 1981
Social Security recipients could receive a cost-of-living adjustment of 8.6% in 2023 -- the result of scorching hot inflation that has quickly eroded retirees' purchasing power.
Social Security benefits likely to climb by 8% next year, official says
Roaring inflation could result in the largest cost-of-living adjustment in decades for Social Security recipients, who have seen their buying power rapidly diminish this year.
Go-broke dates pushed back for Social Security, Medicare
The time frame for Social Security and Medicare to go-broke has been pushed back, helped by a stronger-than-expected economic recovery from the coronavirus pandemic.
Biden admin concedes Chinese investments in federal retirement fund are 'unfitting'
Thrift Savings Plan board nominees nominated by President Biden have agreed that the retirement fund should not be invested in Chinese companies.
New Republican bill would protect crypto investments in retirement accounts
Fidelity announced last month that it planned to offer bitcoin as an investment option in its 401(k) plans by the middle of the year, eliciting alarm from many Democratic lawmakers.
Biden admin risks Americans' retirement accounts to push climate agenda, GOP leaders in 24 states warn
A Biden administration rule threatens Americans' retirement funds by prioritizing 'speculative and immaterial risks' from climate change over real returns, attorneys general and treasurers from 24 states wrote in a letter challenging the proposal.
Health care costs for retired Americans expected to surge next year
The average 65-year-old couple retiring this year can expect to spend an average of $315,000 in health care and other related medical expenses during their retirement, according to Fidelity.
Inflation has eroded 40% of Social Security's purchasing power since 2000
The Senior Citizens League, a nonpartisan group that focuses on issues relating to older Americans, estimated on Wednesday that Social Security recipients have lost 40% of their buying power since the year 2000.
Social Security recipients could see biggest cost-of-living increase in 40 years
Social Security recipients are poised to receive the biggest cost-of-living raise in over four decades as inflation rapidly erodes the buying power of retired Americans.
Understanding liquid assets
Liquidity is important regarding an emergency fund should you experience a setback like a sudden job layoff, a medical emergency or an unexpected issue like a car repair.