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387 articles found for "retirement"
Baby boomers hold $84 trillion in wealth, but healthcare costs, the SECURE Act's 10-year withdrawal rule, and taxes threaten to consume much of the inheritance millennials were promised.
Early projections for the 2027 Social Security COLA range from 1.2% to 3.1%. With healthcare and housing costs outpacing the adjustment formula, 70 million beneficiaries face an erosion of purchasing power.
The Social Security Administration has lost 7,000 employees and is shuttering dozens of field offices under DOGE restructuring. Here's what it means for 70 million beneficiaries.
The 2026 Social Security COLA adds $56 per month on average, but Medicare premiums, food costs, and insurance increases are consuming most of the raise before retirees see a dime.
Early estimates for the 2027 Social Security cost-of-living adjustment range from 1.2% to 3.1%, the widest divergence in forecasting history, leaving retirees unable to plan.
Medicare Part B premiums jumped 9.7% to $202.90 per month in 2026, consuming a third of the 2.8% Social Security COLA increase and leaving millions of retirees with an effective raise near zero.
The Department of Government Efficiency is slashing 7,000 Social Security jobs and closing 47 offices. Wait times already exceed 3 hours, and 72.5 million beneficiaries face unprecedented service disruptions.
The leading edge of the Baby Boomer generation has reached 80, the federal estate tax exemption has dropped to $6.8 million, and rising healthcare costs threaten to consume much of the $53 trillion that was supposed to flow to younger generations.
The SSA is now withholding 50% of benefits from overpaid retirees after a policy reversal that went from 10% under Biden to 100% under Trump before settling at half.
SECURE 2.0's Roth catch-up mandate is now live for 2026. Workers 50 and older earning more than $150,000 must make catch-up contributions to a Roth 401(k) with after-tax dollars.
With tariffs raising household costs by $1,300, hiring slowing to its weakest pace since 2003, and the Fed holding rates steady, here are five practical money moves to protect your finances in 2026.
Early projections peg the 2027 Social Security cost-of-living adjustment at 2.5%, adding just $52 to the average monthly benefit. But tariff-driven price increases could push the final number higher.