Richard Stephen | Istock | Getty Images Even before they start receiving Social Security checks, millions of Americans rely on the Social Security Administration for information on when to claim retirement benefits and for help if their Social Security number has been compromised. This week, the House of Representatives passed several bills aimed at improving…
Ascentxmedia | E+ | Getty Images About 75 million Americans will see a 2.8% cost-of-living adjustment to their Social Security and Supplemental Security Income benefits in 2026. The increase is expected to add $56 per month on average to Social Security retirement benefits, according to the Social Security Administration. But other changes — particularly a…
Many baby boomers aren’t on track to retire with enough money. They have some options to adjust their trajectory, researchers said, but these come with trade-offs. Just 40% of workers who are age 61 to 65 — the youngest members of the boomer cohort — are financially on track for retirement, according to recent research…
Halfpoint Images | Moment | Getty Images The new 2.8% cost-of-living adjustment doesn’t just increase Social Security checks, starting with January payments — it also boosts thresholds related to the maximum retirement benefit. The maximum Social Security benefit for workers who claim at full retirement age will increase to $4,152 per month in 2026, up…
Even as a record number of Americans are reaching retirement age, many adults have not considered the impact that inflation and Social Security benefits will have on their financial future. A new global survey by Prudential found 89% of wealthy U.S. adults polled said they are confident they’d be able to cover essential costs in…
Inflation edged higher in September amid a jump in gasoline prices and other essentials such as electricity, while President Donald Trump’s tariffs put pressure on prices for physical goods such as clothing and furniture, economists said. The consumer price index, a key inflation barometer, rose 3% in September from a year earlier, the Bureau of Labor Statistics…
Jasondoiy | E+ | Getty Images The Social Security cost-of-living adjustment will be 2.8% in 2026, the Social Security Administration said on Friday. Social Security retirement benefits will increase by about $56 per month on average starting in January, according to the agency. The COLA provides an annual adjustment to both Social Security and Supplemental…
Morsa Images | Digitalvision | Getty Images Medicare open enrollment kicked off on Oct. 15, with one notable difference for beneficiaries who are considering updating their health insurance plans — the federal government has been shut down since Oct. 1. Updates related to Medicare open enrollment — which runs through Dec. 7 — will continue…
Amid economic uncertainty, the best financial advisors can provide a steady hand to investors in any stage of life or with any level of wealth. Whether you’re early in your career or nearing your golden years, financial advisors can help you meet key milestones and address planning needs such as saving for retirement, investing a…
Brothers91 | E+ | Getty Images Deciding when to claim Social Security retirement benefits is a big decision — and Congress is looking at changing the program’s wording to help people better understand their options. Understanding the trade-offs for claiming at different ages can be confusing, and some experts say the terms the agency currently…
