If the current trend in inflation rates continues, the Social Security cost-of-living adjustment for 2024 might be far below 3%. Depending on what transpires in the third quarter, there is a good probability that no COLA will be awarded to recipients in 2024.
Author: Doreen
How To Choose Between A Trust And A Will
In estate planning, a will and a trust allow you to control how your assets are distributed after you die. However, they are different legal documents that serve different purposes.
Here Is How To Protect Yourself And Your Retirement Funds.
Fraudsters often target retirees for various reasons, such as vulnerability, isolation, and lack of technical knowledge. Fraudsters can use different tactics to scam retirees, including phishing scams, fake investment schemes, identity theft, and more.
Here Are Three Methods To Achieve More Financial Success
According to a recent Bank of America poll, increasing savings and paying off credit cards were among Americans’ top financial New Year’s plans in 2023. Setting financial objectives might be easier said than done.
Taking Social Security Early And Working: What You Need To Know
Answering some questions will help you understand your financial situation as you retire. Many people’s retirement finances are heavily reliant on Social Security. Whether Social Security will provide all, most, or only a portion of your retirement income, it’s critical to understand what you’re getting so that you can be as prepared as possible.
The Reasons Why a 1 Million 401(k) Isn’t Foolproof
According to a recent survey by Fidelity, the number of 401k millionaires has decreased by 32% over the past year. In an era where pensions are vanishing, a 401(k) is most employees’ primary retirement security source.
The Five Facts About Asset Allocation That You Need To Know
Regarding retirement planning, you must understand how to reach your investment objectives. The most efficient way to reach your investment objective is to have a proper allocation of your assets.
Want More Money In Retirement? Consider these Income Streams
In retirement, you will need to discover a means to support yourself. Social Security is one of your options, and you should be eligible for retirement payments if you have worked and accumulated work credits for at least ten years. If you have contributed to an employer retirement account employment, you will ideally have access to savings as a source of income.
Legislators Want To Make Changes In How Social Security Is Presented To Delay Retirement Benefits
Changing how Social Security filing options are presented could make a big difference. The earliest eligibility age for Social Security is 62 years old, and not surprisingly, many seniors choose to apply for benefits after turning 62.
Here Are Three Social Security Mistakes You May Be Making Without Even Realizing It.
Social Security’s benefits system is more complex than you may realize, so there’s a considerable risk you’ll make mistakes that reduce your retirement income. In reality, there are three major mistakes you might be making right now that could cause you significant financial troubles in the future.
