seniors
Steps to take if you have an unplanned retirement
More than 806,000 jobs have been cut so far in 2025, with the government leading with 292,294 cuts, followed by 89,251 in technology and 80,487 in retail. Many of those affected now face unplanned early retirement without time to prepare.…
One month to 2026 COLA is announced
The 2026 Cost-of-Living Adjustment is expected to be announced on October 15th by the Social Security Administration; however, this has not stopped industry experts from predicting the amount of the increase. The Senior Citizens League (TSCL) predicts that the 2026…
Multifactor authentication is gaining acceptance
People are no longer frustrated about multifactor authentication processes and other security measures on retirement plan websites and mobile apps, according to the latest J.D. Power’s U.S. Retirement Plan Digital Experience Study. Over half of the respondents stated that security…
Some harsh truths about the COLA
The 2026 Cost-of-living allowance (COLA) will be announced next month. Many seniors see this as a raise, but it is far from that. COLA is solely meant to keep pace with the impact of inflation, so you don’t lose buying…
The SSA’s Office of Congressional Affairs
When a congressional representative is working on resolving an issue involving Social Security for one of their constituents, they contact the SSA’s Office of Legislation and Congressional Affairs. This office provides technical assistance to lawmaker offices when developing Social Security…
You are not too old to start saving
“Better late than never” can be said about saving for retirement. Some people say, “I’m too old to start saving for retirement”, but in truth, you are not. Even if you started later than everyone else, you could start saving…
Paying a higher share of Medicare premiums
In May 2025, 68.9 million Americans were enrolled in Medicare according to the Centers for Medicare and Medicaid Services (CMS). The premiums paid by Medicare beneficiaries are generally 25 percent of the program costs for Part B and Part D,…
The US retirement readiness has improved
The United States’ retirement readiness ranking has improved compared to last year; however, it’s still lower than where we stood a decade ago, according to the 2025 Global Retirement Index from Natixis Investment Managers. Even with the increase in ranking,…
The new retirement rule and senior home owners
William Bengen created what is considered the gold standard of retirement strategies: The 4% Rule. The 4 percent retirement rule is a guideline suggesting that retirees can withdraw 4% of their retirement savings annually, adjusted for inflation, to ensure their…
You may want to stop funding your retirement account
We are continually told by experts that Americans are not saving enough for retirement, but what if there are other accounts that we should prioritize contributions to? I’m not saying that saving for retirement is wrong, considering Social Security was…