Social Security benefits are falling short. The problem could soon get worse
Between 2010 and 2024, benefits have risen by about 58% due to the annual cost-of-living adjustments. The cost of most goods and services purchased by the typical retiree rose 73% during that same period.
These two risks to Social Security and Medicare loom large
Inflation has taken a major toll on two of the most-important parts of the federal budget — Social Security and Medicare. There are two big risks threatening those programs.
New 401(k) rule makes it easier to tap savings for emergencies
A new law has made it easier for Americans to tap their 401(k)s and other retirement accounts for emergencies as they continue to battle high inflation.
Social Security just announced a change for millions of beneficiaries
The Social Security Administration said that beneficiaries will soon need to transition to a new login portal in order to access their account information.
Retirees with $1 million in savings could run out of money faster in these states, study finds
Retirees in some states, including California and New York, are looking at higher living costs that could use up their retirement savings faster, according to GoBankingRates.
Americans are worried about outliving their retirement savings
New survey data published by BlackRock shows that a growing number of Americans are concerned about running out of money during their retirement years.
Medicare coverage when traveling: What to know
Medicare is a safety net for millions of Americans but when your traveling not all the normal rules apply. Here's what to know.
The disability benefits application process just got a little easier thanks to SSA adjustments
Getting Social Security benefits may not take as long due to recent application adjustments.
This one assumption could make you run out of money in retirement
Planning for retirement means planning long term and to do that, even tiny errors can make a huge difference. Here's one assumption that can put you on the wrong path.
The No. 1 fatal error that will end your IRA
The tax rules that apply when you attempt to roll over your IRA funds are all complicated, and some are rigid and unforgiving. Violating one can be fatal, and costly.
80% of Americans are dealing with a cost of living creep
Housing prices, grocery prices and other everyday expenses are rising, leaving a majority of Americans unable to deal with spikes in costs.
Americans are saving more for retirement, but they're nowhere near the 'magic number'
A new Vanguard report shows that Americans are saving more money for retirement, but it's nowhere near the "magic figure" needed to retire comfortably.
Retirement crisis looms as women's savings just one-third of men's: report
Women in the U.S. are facing a potential retirement crisis, with a new survey of 55- to 75-year-old Americans finding that women's savings amount to just one-third of men's.
More retirees consider returning to work as high inflation squeezes
While Social Security recipients received a 3.2% cost-of-living adjustment in 2024, retirees say they are still struggling financially, a new survey shows.
Americans retirement outlook improves despite inflation: survey
The majority of workers and 74% of retirees believed they will have enough money to live comfortably throughout retirement, according to the The Employee Benefit Research Institute and Greenwald Research survey.
These are the states with the highest jump in older workers as share of retirees falls in US
An aging population and steep cost-of-living increases contribute to a large portion of retirement-age Americans remaining in the workforce, and some states have seen major jumps.
Social Security recipients will get one less payment in June – here's why
Some Social Security recipients will miss a payment in June, but it doesn't mean retirees are receiving less money — it's due to a quirk in the system.
Biden is turning the American dream of retirement into a nightmare
Biden has proposed a 45% tax on capital gains, allegedly on "greedy" billionaires, but 12.5 million Americans – mostly middle class – pay this tax on their retirement savings.
Stuart Varney: Baby boomers are now the targets of the socialists
FOX Business' Stuart Varney examines why baby boomers are holding onto their wealth instead of spending it, and how that effects younger generations who are dealing with inflation.
Retirement account balances hit highest level since 2021
A new analysis by Fidelity Investments found Americans' retirement account balances are the highest they have been in more than two years, thanks to two major factors.