The U.S. House of Representatives recently enacted SECURE 2.0, a new retirement measure intended to expand upon the SECURE Act of 2019. SECURE 2.0 is designed to simplify the retirement process, and three significant enhancements might help your savings go further.
As the two most extensive non-emergency spending programs in the federal budget, the two programs are the foundation of retirement security for nearly all American workers; it makes perfect sense to discuss Social Security and Medicare during election season – especially considering that both programs face significant financial challenges as our population ages.
Is it necessary to carry cash nowadays, with digital payments so common? Cash is king, as the cliché goes, yet it appears to be becoming increasingly obsolete in today’s environment. Venmo allows friends to pay each other, delivery apps feature digital tipping choices, and even tiny stores increasingly take credit and debit cards.
Presently, there are seven compelling reasons to own a property abroad. The United States present investment climate is volatile. Positive third-quarter GDP numbers from the Bureau of Economic Analysis reflect a disappointing performance by the U.S. economy. The inflation rate is high, and the financial markets continue to be volatile. Everyone is concerned about a recession, and experts from Fannie Mae to Freddie Mac foresee economic downturns.
Even increased Social Security will not be enough to cover future healthcare costs, according to a new report. These findings come despite the recent positive news that older persons would get an 8.7% boost in Social Security payments for the next year and a $5.20 reduction in monthly Medicare Part B costs.