Raising the full retirement age to 69 would cut Social Security benefits — and it wouldn’t save the program
Gradually raising the full retirement age to 69 years old, up from the current rule of 67 for those born in 1960 or later, would mean that individuals would get less money over their lifetime, the Congressional Budget Office said in a response to queries by Democratic Rep. Brendan Boyle released Wednesday.
4 Signs Your Retirement Plan Is Too Reliant on Social Security
Social Security is not supposed to be the only or even biggest source of income for retirees, but many are heavily reliant on the program. Ideally, Social Security will replace no more than 40%
Social Security: Can You Change Your Mind? Yes, But...
If your situation changes after you have filed for retirement benefits or you have changed your mind, you can cancel your application.
This Is the Average Social Security Benefit for Age 70
The average 70-year-old gets significantly more money than the average Social Security recipient. Here are the latest numbers.
Vets benefits to mirror Social Security cost-of-living boost
Congress on Wednesday finalized plans to guarantee a cost-of-living boost in veterans benefits next year equal to what Social Security beneficiaries will receive. Senate lawmakers approved the move on a voice vote without any objections one week after House members similarly advanced the measure without opposition.
Social Security's 2025 COLA Announcement: Key Details
If you receive Social Security benefits, don’t miss the upcoming announcement of the 2025 cost of living adjustment (COLA). The second week of October is when this ‘raise’ will be announced.
These 2 Social Security Changes in 2025 Could Put More Money in Retirees' Pockets
Social Security tends to undergo key changes every year that can affect seniors in a positive way. Retirees' monthly benefits are going to rise following a cost-of-living adjustment (COLA). Seniors who work and collect Social Security at the same time should enjoy a higher earnings-test limit.
Five changes taking effect in 2024 that could affect Social Security benefits
Social Security benefits are constantly changing with the economy, resulting in several benefits changes this year.
Are You Nearing Retirement? Here's What the Fed's Rate Cuts Mean for Your Savings
The recent interest rate cut by the Federal Reserve has raised fresh financial questions for everyone from economists to ...
6 New Retirement Rules And Tax Changes Everyone Should Know
Sweeping new retirement rules and tax law changes touch everyone from high-earners, retirees, employees, employers, and ...
Most workers still struggle to invest in their retirement. Here’s how cheap robo advisers can help.
A strong knowledge can help them make more informed decisions in budgeting, daily decision-making, and long-term financial ...
About 45% of Americans will run out of money in retirement, including those who invested and diversified. Here are the 4 biggest mistakes being made.
It's less about how much you save and more about how you move money.
Why Tom Brady’s Kids Are the “Best Part” of His Retirement
Former New England Patriots quarterback Tom Brady exclusively told E! News that his kids Jack, Benjamin and Vivian have been ...
2 High-Yielding Funds That Could Be Placed In Retirement Portfolio
Two CEFs could be easily included in retirement income seeking portfolios if the objective is high and sustainable income.
Retirement Issues Are Not Always About The Money
The non-financial side of retirement planning is just as important as the money. Interesting things to do and interesting ...
How Long Should You Really Work? 3 Reasons To Delay Your Retirement
Choosing when to retire is a complex decision -- one that affects your family, health and retirement savings. According to ...
Fast-Aging Korea Sees Money in Luxury Retirement Homes
Park Jong-chul, an 85-year-old in Seoul, recently decided it was time to move to a retirement home to secure the help he and ...
Voya Target Retirement Trust Quarterly Q2 2024 Commentary
This suite of Target Date Collective Trusts diversifies across asset classes and managers, and automatically adjusts the ...
The majority of this generation feels behind on their retirement savings—how they can catch up
The oldest members of Gen X are less than a decade away from retirement, but there's still time to give their savings a boost ...