inflation
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…