Catherine Ziegler | Digital vision | Getty Images As inflation kept prices high in 2022, Social Security recipients can expect a record cost-of-living adjustment in 2023. “Your Social Security benefits will increase by 8.7% in 2023 due to an increase in the cost of living,” the Social Security Administration says in the annual statements it …
His skin | E+ | Getty Images Thinking of retiring to another state? You’re not alone. A United Van Lines study found the percentage of people retiring to a new state rose to 18.3% in 2021 from 13.4% in 2015. However, making the move is not a simple decision, as there are a myriad of …
Here are some things to consider before deciding to retire in another state Read More »
Kemal Yildirim | E+ | Getty Images You have about a month to make sure you get it right when it comes to mandatory retirement account withdrawals. Required Minimum Distributions, or RMDs as they are known, are annual amounts that must be withdrawn from the year you reach age 72 – from age 70.5 before …
How to avoid mistakes with required minimum distributions from your retirement accounts Read More »
Samuel Corum | Getty Images News | Getty Images For supporters of Congressional proposals aimed at improving the American retirement system, these few weeks promise to be difficult. Lawmakers return to Washington next week to complete the so-called lame session – the legislative period between the midterm elections and the new Congress, which begins Jan. …
Debbie Emick recalls the moment that changed her outlook on money forever. In 2014, shortly after she and her husband Chris gave birth to their second daughter, Debbie received bad news: the symptoms of a chronic illness discovered in 2012 were worsening. Nonetheless, she was determined to pursue her career as an elementary school teacher …
Retirement is a major goal that many workers watch for throughout their careers. However, once people reach retirement age, they are often in store for financial surprises, despite decades of preparation. For today’s retirees, this is compounded by new uncertainties brought by historically high inflation and recent stock market turmoil. Ideally, those retiring already have …
Retirement is a major goal that many workers watch for throughout their careers. However, once people reach retirement age, they are often in store for financial surprises, despite decades of preparation. For today’s retirees, this is compounded by new uncertainties brought by historically high inflation and recent stock market turmoil. Ideally, those retiring already have …
Halfway through a long rocky hike in the Great Smoky Mountains, I realized I was in over my head. Unprepared and overwhelmed, I felt finished. Forward or reverse, I had 7 miles to go. Just when I was questioning my life choices, my son suggested we call the park ranger or even 911. “Wow. What …
