(Christy Biber) Social Security retirees will get a huge increase in benefits in 2023. Their monthly checks will increase by 8.7%. This increase in benefits is the largest annual increase in pension payments in the past four decades. Seniors may be delighted to see their payments increase so much. But there’s some really bad news …
There’s Bad News About the Big Social Security Rise of 2023 Read More »
(Maurie Backman) If you’re a retiree struggling to make ends meet in the face of inflation, you’re definitely in good company. The cost of living has skyrocketed over the past year and although inflation is showing signs of easing, much progress still needs to be made before people see any noticeable relief. You might especially …
On social security and the return to work? Prepare for that unwanted surprise Read More »
(Adam Levy) Getting the most out of your Social Security retirement benefits could help make your retirement much more enjoyable, and maximizing your benefits could come down to one decision. When do you decide to apply for Social Security? Deferring until age 70 will be a great choice for many retirees who can benefit from …
1 Way to Score a Richer Monthly Social Security Payment Read More »
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Saving for “retirement”? Generate Lifetime Income Instead – NerdWallet Read More »
For all kinds of activities, it is important to do things in the right order. We mainly talk about treat retirement income planning, but the order retirement income planning is important. To illustrate this point, let’s first look at the simpler example provided by baseball. Batter Aaron Judge found himself hitting first into the Yankees …
Planning your retirement income in the right order is important Read More »
You are looking for a way to earn extra money and you want to do it without too much effort, because you are already working a lot. In other words, you should think about trying to make money from your phone. If it’s a goal, you should be able to score. There are tons of …
Millions of households will pay nearly a third of their income in fuel costs this spring, amid warnings that a ‘black hole in supply’ remains for Britain’s poorest families. The vast majority of households in certain vulnerable groups – including around 70% of pensioners – will spend a tenth or more of their income on …
Millions of households will spend almost a third of their income on fuel by spring Read More »
(Maurie Backman) Retiring on Social Security alone is generally a bad idea. These benefits will only replace about 40% of your pre-retirement salary if you earn an average salary. And that’s assuming that benefits aren’t substantially reduced across the board. As Social Security faces a financial shortfall, seniors could face benefit cuts if lawmakers don’t …
Want more retirement income? Here’s an investment worth owning Read More »
Ranked: The best countries to retire in the world Our world population is aging. By 2050, the OECD predicts that 30% of people in the world will be aged 65 or over. While some countries are relatively prepared to handle this increase in the elderly population, others are already feeling the pressure and grappling with …
Mapping: Income distribution in 16 different countries Read More »
(Maurie Backmann) Social Security is financially fragile. In future years, the program expects to owe more benefits than it takes in as baby boomers leave the workforce, reducing its main source of revenue, payroll taxes. If lawmakers fail to find a way to pump more money into Social Security, the program may have to cut …
Some lawmakers want to strip social security from high earners. Will this happen? Read More »
