Social Security’s 2.5% Cost-of-Living Adjustment (COLA) for 2025 Was Disappointing. Will 2026 Be Any Better?
The first Social Security checks with 2025’s 2.5% cost-of-living adjustment (COLA) have gone out, with more coming in the following weeks. The average retired worker will now receive $1,976 per month, up from $1,927 last year. However, many seniors were hoping for a bigger increase. Most won’t see any more significant changes to their benefits […]
What Happens If You Don’t Take a Required Minimum Distribution (RMD) in Retirement?
The deadline for 2024 required minimum distributions (RMDs) has passed for most seniors. But if you turned 73 last year, you actually have until April 1, 2025, to make your first RMD. These mandates can be a bit confusing at first, but once you’ve dealt with them once or twice, it gets easier. The one […]
