Social Security’s New Cost-of-Living Adjustment (COLA) Is Out — and Most Americans Think It’s Not Enough. What Do You Think?
Social Security is vital for most retirees. It delivers about 30% of income to those Americans aged 66 or older. Indeed, per the Social Security Administration (SSA): “Among Social Security beneficiaries aged 65 and older, 12% of men and 15% of women rely on Social Security for 90% or more of their income.” One great […]
Here’s What Social Security’s 2025 Cost-of-Living Adjustment (COLA) Means for Your Benefit
For the overwhelming majority of retirees, Social Security represents more than just a monthly check. It’s a vital source of income that lays a financial foundation for aging Americans who can no longer provide for themselves. For the last 23 years, Gallup has been conducting annual surveys to determine how reliant retirees are on the […]
Saving for Retirement? Here Are 2025’s IRA Contribution Limits.
To maintain a comfortable lifestyle in retirement, you generally need to go in with savings or have access to income outside of Social Security. The typical retired worker today collects a Social Security benefit of only about $1,922 a month, which translates into an annual income of about $23,000. That may be enough to just […]
