Tag Archives: Retirees

Faced with data delays due to the government shutdown, the Trump administration is planning to call back Bureau of Labor Statistics staff to compile a key economic report. That report – known as the Consumer Price Index – is needed to determine the 2026 Cost of Living Adjustment, or COLA, for Social Security beneficiaries. READ MORE: Social Security makes major …

Social Security benefits for retired workers are indirectly influenced by their state of residence. Social Security benefits are an important source of income for most retired workers, so the annual cost-of-living adjustment (COLA) is always a highly anticipated event. Next week, the Social Security Administration will announce the upcoming 2026 COLA on Oct. 15, provided the federal government shutdown has …

Social Security benefits are on pace to receive a 2.7% cost-of-living adjustment in 2026. The Social Security Administration will announce the 2026 cost-of-living adjustment (COLA) on October 15, provided the government shutdown has ended. In the meantime, two of three data points needed to determine the COLA are available, which means we already have a good sense for how much …

More Retirees Are Living on Less, and Losing a Means of Help to Pay for Medicare  The New York Times Source link

Original Medicare provides valuable coverage, but it also comes with coverage gaps that can expose retirees to financial risk. A_Carina/Getty Images For millions of retirees, turning 65 and enrolling in Medicare can feel like crossing the finish line after decades of paying into the system. But what many are surprised to discover after enrolling is that Original Medicare — which …

Civil servants, housewives and retirees alike lined up in Venezuela’s capital Caracas over the weekend as thousands volunteered to join the country’s militia in case there is a U.S. invasion. President Nicolas Maduro called on citizens to respond to “outlandish threats” by the U.S. and sign up over the weekend to the Bolivarian Militia, a civilian corps linked to the …

A shocking 19% of retirees say they’re living a ‘nightmare’ — how to save yourself from the same terrible fate  AOL.com Working longer to afford retirement is a risky plan, economists say — but some employees are counting on it  CNBC I Asked ChatGPT How To Avoid Outliving My Wealth — Here’s What It Said  Yahoo Finance Sponsored Content: Money Wisdom – Are …

Not even a potentially history-making moment will be enough to prevent retirees from getting the short end of the stick, yet again. For most retired Americans, Social Security is more than just a monthly check. It represents a financial foundation that helps them make ends meet. Even though the average monthly retired-worker check only crested $2,000 for the first time …

On a recent Sunday morning, at a Bible camp outside of Gainesville, Florida, Nik Johnson got up to preach, not about hellfire and brimstone, but about a very different fire: Financial Independence, Retire Early (FIRE). “Ultimately at the end of the day, financial independence really ain’t about us,” he said. “It’s about people that we love and the causes that …

In just seven years, Social Security will reach a fiscal cliff that could leave millions of American retirees with drastically reduced benefits, according to a recent analysis by the Committee for a Responsible Federal Budget (CRFB). The think tank’s new report projects that, unless Congress acts, Social Security’s main trust fund will be insolvent by the end of 2032, triggering …