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 …
US households lost an estimated $6.8 trillion in wealth in the first three quarters of 2022 as the SPX stock market, -0.73% DJIA, -0.90% COMP, -0.70% has lost more than 25% of its value, the Federal Reserve reported Friday in the government’s quarterly financial accounts. Nominal net worth fell 4.6% to $143.3 trillion, as the …
Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record Read More »
CNN — Big oil companies have engaged in a ‘long-running greenwashing campaign’ while reaping ‘record profits at the expense of American consumers’, the Democratic-led House Oversight Committee found after an investigation by a year on fossil fuel climate misinformation. industry. The committee found that the fossil fuel industry “posture on climate issues while avoiding real …
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 »
Raphael Henrique | Sopa Pictures | Light flare | Getty Images Robinhood brings the concept of a 401(k)-style contribution to its retail customers who may not have access to a workplace retirement plan. The retail brokerage will pay a “match” of 1% on its clients’ contributions to a Robinhood Individual Retirement Account, the company announced …
England’s Anwar Almojarkesh (L) and Alan Chalabi (R) pose for a photo at Meta (formerly Facebook) headquarters in Menlo Park, California on November 9, 2022. Josh Edelson | AFP | Getty Images A group of Meta workers who joined the company through an on-the-job training program say they receive lower severance packages than other recently …
Some Meta employees claim they are not receiving promised severance pay Read More »
Secretary of Labor Marty Walsh speaks during a press conference at the White House in Washington, April 2, 2021. Erin Scott | Reuters Most American workers dream of a comfortable retirement. Yet many find that their money falls short of this goal when they reach their golden years. Much of the problem is related to …
“It’s a crisis.” Why more workers need access to retirement savings Read More »
Secretary of Labor Marty Walsh speaks during a press conference at the White House in Washington, April 2, 2021. Erin Scott | Reuters Most American workers dream of a comfortable retirement. Yet many find that their money falls short of this goal when they reach their golden years. Much of the problem is related to …
“It’s a crisis.” Why more workers need access to retirement savings 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 »
Suze Orman speaks during AOL’s BUILD Speaker Series at AOL Studios in New York City. jenny anderson | WireImage | Getty Images If your car breaks down or you have an unexpected medical bill, it can be difficult to find the money to cover expenses. In a pinch, it can be tempting to withdraw money …
