On October 13th, the Social Security Administration announced a 5.9% Cost of Living Adjustment (COLA) in Social Security and Supplemental Security Income benefits for tens of millions of Americans in 2022.
Taxpayers of all ages may be able to claim a deduction on their 2020 tax return for contributions made to their Individual Retirement Account made through May 17, 2021.
You‘ve saved for years. Now that you are retired, did you create an income plan from your savings? Here are five simple steps to help you get started.
The COVID-19 pandemic has been with us for more than a year and it’s probably no surprise that it is making pre-retirees worry that their long-term retirement savings is not enough for them to retire when they want.
Remember when 401(k) sounded like something only a chemist knew about? Now we all receive 401(k) statements routinely – including information about fees. High 401k Fees can introduce a tremendous drag on your investment returns over the long term.
Recent surveys have indicated that many of us are rethinking our retirement plans because of COVID-19. A survey from the nonprofit group Life Happens suggests that 43% of Americans plan to postpone and continue working past their retirement date because of COVID.