Seniors say 2024 Social Security payment increase not enough to keep up with inflation: survey
As seniors deal with rising inflation, some consider rejoining the workforce to deal with rising costs.
Americans are feeling more optimistic about the future of Social Security: survey
More Americans expect to get their Social Security benefits when they retire – in three prior readings, non-retirees were more inclined to predict they would not receive their benefits, a recent Gallup survey said.
'Career cushioning,' latest workplace trend, has employees trying to protect themselves heading into 2024
A workplace trend known as "career cushioning" has employees setting up Plan B initiatives — so that if they're downsized by their companies, they're prepared for it. Here's what to know.
In viral career trend 'shift shock,' employees find their new job not up to expectations
A viral career trend known as "shift shock" has emerged in which workers determine the new job they've taken is not what they expected. Here's more about today's unhappy employees.
Gen X advised to ‘stop spending’ due to largest wealth gap of any generation
Move over, baby boomers and millennials: Gen X is reportedly furthest away from their retirement expectations, and economist John Lonski tells them to cut back on spending.
Higher contribution limits are coming for 401(k)s and IRAs next year
The IRS earlier this year lifted the amount that workers can set aside for retirement in their 401(k), IRA and other tax-deferred plans beginning in 2024.
Americans are yanking money out of their retirement savings to cover bills
More Americans are making hardship withdrawals from their 401(k) retirement plans to cover emergency expenses as they struggle with chronic inflation.
Saving money: You should start planning for your kids as early as birth, but the dollar amount is debatable
While putting aside money for your children is important, it's just as vital to teach them saving habits they can take with them into adulthood.
Pension plans: The reasons behind the decline of fund contributions in today's job market
FOX Business is exploring the disappearance of pension plans in the contemporary job market. The reasons for the scarcity are due to the rise in individual retirement needs.
More families lost faith in 'American dream' in last 5 years: study
More than two in five Americans who responded to MassMutual's State of the American Family survey said that financial security and the American dream is out of reach.
Michigan man wins big bucks on $1 ticket in state's lottery jackpot
A 38-year-old resident from Wayne County, Michigan, dropped his coffee in shock after learning that he would be taking home the jackpot worth $472,295 from the state lottery.
Where do Republican presidential candidates stand on Social Security?
Five Republican presidential candidates sparred during the third debate in Miami on Wednesday over how best to improve the solvency of Social Security.
Retirement crisis: Great Recession takes its toll on younger Boomers
The Great Recession diminished the retirement savings potential of late Boomers, a study found. And cost adjustments to Social Security could be smaller next year.
Best cities to retire in 2024
Pennsylvania remained on top for retirees as a new city within the Keystone State officially took on the title of best U.S. location to retire, a newly-released indicated.
401(k) hardship withdrawals are surging as high inflation squeezes Americans
More Americans are making hardship withdrawals from their 401(k) retirement plans to cover emergency expenses as they struggle with chronic inflation.
Social Security income is central to growing number of retirement plans: survey
One in five adults aged 50 or older said they have no source of retirement income besides Social Security, up from 13% in 2014, a recent Nationwide survey said.
Cost to retire continues to skyrocket as Biden targets retirement advice
The White House introduced a new rule on financial advice within your retirement plan and fixed index annuities, as data shows the average U.S. retiree is behind on savings goals.
Share of Americans borrowing from 401(k) multiple times rises
A 401(k) loan can help you pay off debt, but it can harm your retirement savings and become a repeat move depending on various factors, one study found. Here's what to know about 401(k) loans.
US retirement system earns just a C+ in global study
A new ranking of world retirement systems conducted by Mercer gave the U.S. a C+ grade, citing concerns over its efficacy and long-term sustainability.
Social Security benefits to receive 3.2% pay bump next year: See how much money you could receive
The Social Security Administration announced that beneficiaries will receive a 3.2% pay bump in 2024 in order to offset the costs of still-high inflation.