Category: Retirement

In 2024, More Old 401(k) Accounts Could Be Forced Into Rollovers

In 2024, more low-balance, forgotten 401(k)s and similar retirement plans could be forced into rollover accounts, which don’t benefit their owners. Here’s what to know.
A Shock for Many Retirees: Social Security Benefits Can Be Taxed

When older Americans earn above a certain income level, they are often taken aback to find they owe federal income taxes on their benefits.
Social Security Struggles With Mounting Customer Service Issues

The Social Security Administration’s staffing and customer service issues have been mounting, and budget disputes in Congress could make them worse.
Kiss Loves to Say Goodbye. Is Its Rock ’n’ Roll Really Over?

Farewell tours are one of pop music’s signature moves. But there’s reason to believe Gene Simmons and Paul Stanley are throwing in the towel for real this time.
Pensions Get a New Look From Younger Workers

As the downsides of 401(k)-style plans become apparent, workers and some companies, including IBM, are showing new interest in defined benefit plans.
Extra Fees Drive Assisted Living Profits

The add-ons pile up: $93 for medications, $50 for cable TV. Prices soar as the industry leaves no service unbilled. The housing option is out of reach for many families.
G.M.’s Contract Deal With U.A.W. Faces Surprisingly Stiff Opposition

Many longstanding General Motors workers have been voting against the tentative accord, which they feel insufficiently improves retirement benefits.
Social Security Benefits Will Rise by 3.2 Percent in 2024

Millions of Social Security beneficiaries, from retirees to disabled workers, will receive the cost-of-living adjustment, which is far less than last year’s but still a healthy bump.
Social Security’s COLA Is Coming. Here’s How to Protect Your Retirement.

Social Security’s cost of living adjustment, coming next week, helps retirees keep up with their bills, but there are other strategies for coping.
Gen Z Is Poised to Spend More on Debt Than Others. It Could Derail Retirement.

Young adults are struggling to keep up their credit scores and paying an increasing amount of disposable income servicing their debts.
Rupert Murdoch’s Retirement Raises the Curtain on His Last Act

The media mogul has stepped back from the forefront of his empire, but there’s likely more to come — like a step to cement power for his son Lachlan.
Rupert Murdoch to Retire From Fox and News Corporation Boards

The move leaves his son Lachlan as the sole executive in charge of the global media empire.