Catherine Ziegler | Digital vision | Getty Images As inflation kept prices high in 2022, Social Security recipients can expect a record cost-of-living adjustment in 2023. “Your Social Security benefits will increase by 8.7% in 2023 due to an increase in the cost of living,” the Social Security Administration says in the annual statements it …
Tim Robbert | Digital vision | Getty Images Finding enough money for retirement is a challenge for all workers. Women are 50% more likely to say they are late, compared to 35% of men, according to a new report from Goldman Sachs. In addition, 24% said they were “very late”, compared to 14% of men. …
Ending a marriage can be emotional and challenging at any age, even if both parties agree it’s the right decision. When couples over 50 divorce, they are often faced with the additional task of supporting two separate retirement plans using the assets intended for their combined nest egg. If you find yourself in this situation, …
PERSONAL FINANCES: Saving for retirement in case of divorce later in life Read More »
Financial planners generally advise you to work as long as you can, so you can increase your retirement savings while waiting for a larger Social Security check. But such advice assumes you have the luxury of deciding when to stop working. Tens of millions of Americans do not. Here’s the truth: retiring early, even at …
Can’t afford to retire? Why “working longer” isn’t good retirement advice. Read More »
