BlackRock CEO Larry Fink warned of a growing retirement crisis, emphasizing that only employees at top companies benefit from adequate retirement planning while many Americans feel unprepared. He urges corporate leaders and politicians to rethink the system, acknowledging younger generations’ economic anxiety and suggesting older generations should work longer to restore trust and financial security. While […]
OKLAHOMA CITY (KFOR) — An Oklahoma City retiree says his Social Security benefits were suspended without warning — and with no explanation given when he reached out. He worries it may have to do with the place he was born, and ongoing Department of Government Efficiency (DOGE) cutbacks. The man, James McCaffrey, who was born […]
UBS is considering selling part of its asset management division that is largely focused on real estate investments, two people with knowledge of the matter told Reuters, as the bank looks to revamp the group’s smallest business unit. The business area under review includes mainly Swiss real estate assets and, according to one of the […]
State Street Corp. is at risk of losing a $52 billion pile of Swiss pension assets as citizens start to worry that their savings might become a bargaining chip in Donald Trump’s deepening trade war with Europe. Lawmakers in Bern are scheduled to vote on Thursday on a bill that seeks to order the state […]
Layoffs across the U.S. went up in February, reaching their highest levels since July 2020. That’s according to a recent report from Challenger, Gray & Christmas. The sector with the most layoffs was the government, led by Elon Musk’s Department of Government Efficiency. So how do you prepare for potential layoffs, no matter what industry […]
THE final round of March’s Social Security payments is being sent out to millions of Americans today, with some beneficiaries receiving up to $5,108. But for some, there’s even better news. A retroactive bonus could be on the way too, thanks to a major change in Social Security law. The Social Security Administration (SSA) distributes […]
It can feel like there isn’t much that Democrats and Republicans agree upon these days. The political gridlock makes it tough for either side to make important changes, like finding a way to address Social Security’s looming insolvency. That’s worrisome if you depend heavily on your benefits. Right now, all we know is that Social […]
If you receive more Social Security benefits than you are owed, you may face a 100% default withholding rate from your monthly checks once a new policy goes into effect. The change announced last week by the Social Security Administration marks a reversal from a 10% default withholding rate that was put in place last […]
Getting overpaid by Social Security will soon come at a high cost, with the agency saying Friday it’s reinstating a plan to take 100% of a beneficiary’s monthly check to claw back the money, up from the current 10% rate. The policy change highlights an issue that had caused financial hardship for some beneficiaries in years past, prompting […]
Whether leaving the workforce is just around the corner or decades away, it’s always a good time to consider: Are you financially on track to retire? A NerdWallet survey, conducted online by the Harris Poll in October 2024, found that just 23% of Americans had evaluated their progress toward retirement savings goals in the prior […]
Not all is what it appears to be when it comes to the value of a Social Security dollar. For an overwhelming majority of retired workers, Social Security is more than just a monthly check. It represents a financial lifeline that they’d struggle to make do without. Since 2002, national pollster Gallup has surveyed retirees […]
Millions of Americans could soon feel the impact of the deep staffing cuts being planned at the Social Security Administration, which is undergoing a massive reorganization that the acting commissioner has acknowledged is being steered by Elon Musk’s Department of Government Efficiency. The loss of experienced employees who manage Social Security’s fragile and interdependent web […]
