Tag Archive | "retirement"

security, income, money, Social Security

Social Security COLA Largest In Decades

Millions of retirees on Social Security will get a 5.9 percent boost in benefits for 2022. The biggest cost-of-living adjustment in 39 years follows a burst in inflation as the economy struggles to shake off the drag of the coronavirus pandemic.

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Social Security

Social Security Benefits Are Too Important To Get Wrong

Few retirement decisions are as critical, or as easy to get wrong, as when and how to take your Social Security benefits. The rules can be so convoluted that many people rely on what they’re told by Social Security employees, but that could prove to be an expensive mistake.

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Medicare

Lowering Medicare Age Could Help Keep Older Americans Financially Stable

Lowering the age when older adults can enroll in Medicare might save them a lot of money, even if the age drops only a year or two from the current age of 65, a new study suggests.

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long-term care, tax-free

Tax-Free Accounts Used Less By Those Who Need Them Most

Most older adults are not using tax-free savings accounts to save for future health expenses, a new poll of people age 50 to 80 suggests.

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birthday

Birthday Milestones That Can Affect Your Finances

You hit a lot of milestone birthdays when you’re young. There’s your first birthday, of course, and also the one where you turn 10 (finally, double digits!). At 13, you’re a teenager.

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Money, inflation

Smart Strategies To Fight Back Against Inflation

Few economists predict we’ll return to the double-digit price increases of the late 1970s and early 1980s . But knowing some of the ways consumers coped back then can help you formulate a plan to deal with rising prices.

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