Retiring in a Year? 3 Moves to Make Now.
When you’ve spent many decades in the workforce, being one year away from retirement might almost not feel real. But if you’re beginning that final countdown, it’s important to make the most of it. Here are some key moves to make with retirement only being 12 months out. 1. Get an estimate of your monthly […]
Will the Next Social Security COLA Be Higher Than This Year’s Increase? The Fed Just Gave a Big Clue.
Most retirees have probably gotten used to their Social Security benefits increase for 2025 by now. The latest cost-of-living adjustment (COLA) of 2.5% began hitting benefit checks in January. This adjustment was lower than the amounts Social Security beneficiaries have received in the last three years. But will the next Social Security COLA be higher […]
3 Overlooked Triggers That May Slash Your Social Security Checks
Social Security is the cornerstone of many seniors’ retirement plans. In the most recent edition of an annual poll from Gallup, 60% of retirees said their monthly check is a major source of income for them. Another 28% said it played at least a minor role in their budgets. As such, it’s important to make […]
Social Security’s Funding Shortfall Could Be Fixed by This Unwanted Change
There are rumors going around that Social Security is at risk of going broke, and that benefits won’t be available to today’s workers in retirement. But those rumors simply aren’t true. Social Security is facing a funding shortfall it will need to address in the coming years. But that doesn’t mean the program is going […]
