inflation

Survey Says: 79% of Americans Agree that a Retirement is At Hand

The National Institute on Retirement Security (NIRS) recently released the results of a survey of working age Americans conducted late last year, revealing that 79% of the more than 1200 respondents aged 25 and older agree with the Chair of…

Is Social Security COLA keeping up with inflation

The purpose of Social Security’s cost-of-living adjustment (COLA) is to ensure that the purchasing power of Social Security benefits keeps up with inflation. But does it? According to Brandon Selfors, the CEO of life settlement and Medicare insurance company Bridge,…

What is the latest estimate on 2024 COLA

The Department of Labor released The Consumer Price Index for All Urban Consumers (CPI-U) numbers for May 2023, with inflation falling to 4%; this was the smallest 12-month increase since the period ending March 2021. So, what will this mean…

Lower inflation means lower COLA

2023 saw one of the highest Cost-of-living-adjustments increases since 1981. But will Social Security beneficiaries receive another significant increase in 2024? Although it is too early to calculate the 2024 COLA amount, Keith Speights suggests that retirees are better off…

Americans are rethinking retirement

The recent survey by Northwestern Mutual found many Americans are rethinking how much they should budget for retirement. With the current level of economic inflation, Americans are spending more on everything causing retirement savings to dip 11 percent from last…

Near-retiree concerns about how inflation will affect their retirement

If you are a near-retiree, you may be worried about how inflation will affect your retirement or if you can retire. You are dealing with high inflation, market volatility, and the remnants of the pandemic. Annie Nova reports on what…

The other side of the COLA coin

We have all read the headlines concerning the 2023 Social Security cost-of-living adjustment (COLA) could be the highest in 40 years. However, no one has mentioned the possible consequence of this potential historical increase: Taxes. Since 1984, Social Security beneficiaries…

Should you stop contributing to your retirement savings?

With inflation outpacing wage growth, yes, you can cut back on retirement savings, but realize you may need to push back your retirement date by doing so. Should you stop contributing altogether or lower your contributions? Mike Winters talked to…

Common Retirement Planning Mistakes…One of them Involves Social Security

Planning for a financially secure retirement is not a simple process…and that’s why so many put it off. Even so, for those who build assumptions into their personal plans, there are several fundamentals that are often misunderstood. Nevin Adams, in a…

Social Security’s Diminishing Ability to Keep Pace

With national health care spending growing at an average rate of 5.5% for the next decade, it’s easy to see why the recent trend in Social Security’s cost-of-living adjustments (COLAs)–1.1% average for the past five years–is cause for concern among the System’s…

Website by Geiger Computers