While 2024 is still new, assessing where you stand in some key areas of personal finance can help smooth the transition to your later years.
Category: Social Security (US)
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Saving for Retirement on Part-Time Pay
Most part-time workers in America are women — leaving them with less access to retirement plans and less money to sock away.
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When Social Security Becomes a Debt Collector
Every year, the agency tries to claw back billions in overpaid benefits — including from children who are unaware their parents collected money on their behalf.
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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.
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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.
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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.
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Inflation Slowdown Remains Bumpy, September Consumer Price Data Shows
Prices are rising at a pace that is much less rapid than in 2022, but signs of stalling progress are likely to keep Federal Reserve officials wary.
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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.
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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.
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White House Hits Back on Fitch Credit Downgrade, Protecting Biden
The president’s team has mobilized to counter the downgrade of Treasury debt by the Fitch Ratings agency, rushing to defend the story of an improving economic outlook.
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Social Security COLA Is Forecast Around 3%
Analysts say the 2024 adjustment, which helps older Americans keep up with inflation, won’t be nearly as high as his year’s but will still be significant.
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The Debt-Limit Deal Suggests Debt Will Keep Growing, Fast
Negotiations to prevent a government default reaffirmed that the big drivers of future deficits are all off the table in a divided Washington.