Tag Archive | "Social Security"

retirement Social Security, medicare

Go-Broke Dates Pushed Back For Social Security, Medicare

A stronger-than-expected economic recovery from the pandemic has pushed back the go-broke dates for Social Security and Medicare, but officials warn that the current economic turbulence is putting additional pressures on the bedrock retirement programs.

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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

Social Security Insolvency Up A Year Due To COVID Recession

The sharp shock of the coronavirus recession pushed Social Security a year closer to insolvency but left Medicare’s exhaustion date unchanged, the government reported Tuesday in a counterintuitive assessment that deepens the uncertainty around the nation’s bedrock retirement programs.

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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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Money, retirement, life expectancy

Life Expectancy: Underestimation Risks Financial Security

Social Security’s life expectancy calculator predicts I’ll live to about 86. An insurance company’s version says I should expect to die at 98.

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