A new year means a fresh start, and there are few better things to do than making sure you know exactly where you stand financially. This is especially true when it comes to retirement accounts, which often are approached with a set-it-and-forget-it mindset. Now’s a great time to make the following retirement moves for 2023 … Read more
(Kailey Hagen) Social Security checks are set to get a substantial boost next month as the 8.7% cost-of-living adjustment (COLA) for 2023 kicks in. This will add $147 to the average senior’s monthly check, and some could get a lot more. But others may get smaller benefits than they expect in 2023. Below, we’ll take … Read more
(Dave Kovaleski) Starting in January, some 70 million Americans will see a welcome change in their Social Security payments as benefits will increase by more than they have in 41 years. Social Security benefits will increase by 8.7%, or about $146 per month, on average, to $1,827 per month, due to the annual cost-of-living-adjustment (COLA). … Read more
(Keith Speights) The countdown is on. It’s only a matter of days before Social Security benefits will increase. While every retiree who receives Social Security will enjoy a nice raise, some will make more than others. The maximum monthly Social Security retirement benefit currently stands at $4,194. That amount will rise to $4,555 in 2023. … Read more
(Kailey Hagen) There are only a couple weeks left of 2022, and you may already be making plans for 2023. But before you delve too deeply into that, it’s a good idea to conduct a year-end financial review. This helps you see how much progress you’ve made toward your goals during the year and set … Read more
(Selena Maranjian) You can be young without money, but you can’t be old without it. — attributed to Tennessee Williams As we age and approach retirement, it’s critical that we have sufficient income streams set up to support us for the rest of our lives. Here’s a look at a bunch of unexpected retirement income … Read more
(Maurie Backman) When it comes to retirement savings, IRAs are a mixed bag. On the plus side, they generally come with a greater number of investment options than what you’ll find in a 401(k) plan. For example, with IRAs, you can put money into individual stocks, whereas 401(k) plans don’t typically let you do that. … Read more
(Maurie Backman) When it comes to retirement savings, IRAs are a mixed bag. On the plus side, they generally come with a greater number of investment options than what you’ll find in a 401(k) plan. For example, with IRAs, you can put money into individual stocks, whereas 401(k) plans don’t typically let you do that. … Read more
(Maurie Backman) When it comes to retirement savings, IRAs are a mixed bag. On the plus side, they generally come with a greater number of investment options than what you’ll find in a 401(k) plan. For example, with IRAs, you can put money into individual stocks, whereas 401(k) plans don’t typically let you do that. … Read more
(Christy Bieber) The amount of your Social Security benefit can vary dramatically based on decisions that you make. In particular, the age at which you choose to claim benefits can have an especially profound impact on the amount of money you end up with. In fact, you could potentially increase your monthly payment by as … Read more