The Social Security Administration has announced the cost of living adjustments (COLA) for 2025 and it’s the lowest increase recipients have received in years. Social Security benefits and Supplemental Security Income payments will increase for more than 72.5 million Americans by 2.5% in 2025, the SSA announced in a release. Social Security retirement benefits will […]
As October arrives and Halloween season kicks in, Social Security is gearing up for another round of payments for millions of beneficiaries. These payments, which include retirement pensions, disability benefits, and Supplemental Security Income (SSI), are essential for those who rely on this monthly income. This month, some recipients may receive payments exceeding $4,000. As the year comes […]
Social Security is one of America’s most popular programs, with 86% of Americans reporting a positive view of it, according to a survey commissioned by the University of Maryland’s Program for Public Consultation. Unfortunately, many are worried about its future, with over half of the survey’s respondents saying they’ve heard about its financial troubles. Those […]
The phrase “the one percent” gets tossed around a lot in conversations about wealth and inequality, whether in politics, protests, or everyday chats. But what does it mean to be in the top 1%? Let’s break it down by income and net worth to get a clearer picture of who’s part of this exclusive group. […]
More than 70 million Social Security recipients will learn Thursday how big a cost-of-living increase they’ll get to their benefits next year. In advance of the announcement, analysts predicted that the increase would be about 2.5% for 2025, smaller than increases the previous two years. Recipients received a 3.2% increase in their benefits in 2024, […]
More than one-third (36%) of investors participating in a 401(k), 403(b), or 457 workplace retirement savings plan say they would invest in private equity and private debt if their plan provided access to these assets, according to the 2024 U.S. Retirement Survey from global investment manager Schroders. Notably, 80% of plan participants say access to private investments […]
You’ve done the time, put in the work, and now you’re entering a period of your life where you’re free to do whatever you want to do. More than 4 million Americans are expected to retire this year. The average age of retirement is 64 and the current life expectancy is 79 years. That means […]
Social Security beneficiaries will soon know the size of their annual cost-of-living adjustment for 2025. They may be in for a disappointment because if current projections hold true, the increase to benefits could be the lowest since 2021. The Social Security cost-of-living adjustment, or COLA, could be 2.5% next year, Mary Johnson, an independent Social […]
Three significant changes have been announced recently, according to the Social Security Administration, which will have an impact on hundreds of low-income Americans, the disabled, and children who are eligible for the Supplemental Security Income (SSI) program. It is imperative to comprehend the implications of these modifications on beneficiaries’ monthly payments in the upcoming months since millions […]
Listen and subscribe to Decoding Retirement on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. Annuities historically have not had a good reputation for helping Americans save for retirement, mostly due to their costs. However, recent changes in how annuities can be included in certain types of investment funds, such as 401(k) plans, […]
The House is on the cusp of taking a major step toward the elimination of the Windfall Elimination Provision and the Government Pension Offset. While finally putting a knife in the heart of the WEP/GPO still will take an act of the Senate, Congressional support may be coming at the perfect time. Federal News Network […]
What happens to retirement benefits then? Social Security is undeniably one of our government’s most essential functions. The roughly $1.4 trillion in benefits the Social Security Administration (SSA) pays out each year is a lifeline to millions of retired Americans, making up a significant part of post-retirement income for most. For others, it’s nearly all they have. […]
