Today: 16. Nov, 2024
Social Security recipients might brace themselves for a significantly more minor cost-of-living adjustment (COLA) in 2024 as the inflation rate slows. The anticipated Social Security COLA could be around 3%, per a recent estimate by The Senior Citizens League, an impartial senior…
The decision to raise the pension retirement age from 62 to 64 in France has initiated a wave of continuous protests. In parallel, the U.S. may be heading towards an analogous adjustment concerning the Social Security retirement age. The potential shift may…
This article presents a typical sequence to determine which account to withdraw from during your golden years. When was the last time you consulted a physician in a state of panic, only to be advised, “Hydrate, get plenty of rest and, above…
A specific order is to follow when withdrawing money from your retirement accounts. This article outlines the standard withdrawal order for different fund types while mentioning important exceptions to consider. Cash: Before tapping into any other accounts, utilize your cash reserves for…
Retirees face many risks, compounded by the escalating health care costs in their golden years. Despite recent drops in medical costs, they still hover around 30% more than they were ten years ago, as revealed by the U.S. Bureau of Labor Statistics…
Experts argue that current concerns over the debt ceiling highlight the need for Social Security and Medicare reforms. The debt ceiling refers to the maximum amount of money the government can borrow to meet its financial obligations, and failure to raise it…
