I’m 63 and retirement is around the corner — but I’m reading lots of articles about ‘why you should never retire.’ Is there any truth to that? Many people look forward to retirement and can’t wait to kick off that chapter in life. But for some people, that part of the story isn’t appealing. If […]
Sporrer/Rupp | Image Source | Getty Images Millions of Social Security beneficiaries have now received their first benefit checks for 2025. The new 2.5% cost-of-living adjustment — which adds $50 per month to retirement benefits on average — marks the lowest increase since 2021, when inflation spiked shortly thereafter. With prices still high, many beneficiaries […]
Miniseries | E+ | Getty Images Leverage the 401(k) ‘super catch-up’ For 2025, investors can save more with higher 401(k) plan limits. Employees can defer $23,500 into 401(k) plans, up from $23,000 in 2024. The catch-up contribution limit is $7,500 for workers ages 50 and older. But thanks to Secure 2.0, there’s a “super catch-up” […]
Djelics | E+ | Getty Images Retirees can expect to see some big changes in 2025 when it comes to their Social Security and Medicare benefits. President Joe Biden is expected to sign a bill that will increase Social Security benefits for certain pensioners. Additionally, the annual Social Security cost-of-living adjustment goes into effect for […]
Richard Stephen | Istock | Getty Images As Congress managed to avoid a government shutdown, the Senate also passed a key bill that will increase Social Security benefits for some public workers. The Social Security Fairness Actwhich passed by a vote of 76-20 in the early hours of Saturday, will eliminate Social Security provisions known […]
By Bo Erickson WASHINGTON (Reuters) – The U.S. Congress early on Saturday passed a measure to boost Social Security retirement payments to some retirees who draw public pensions – such as former police and firefighters – which critics warned will further weaken the program’s finances. The Senate in a 76-20 bipartisan vote shortly after midnight […]
WASHINGTON (AP) — The Senate was moving late Friday to a final vote on a proposal to boost Social Security payments for millions of people, potentially pushing a longtime priority for former public employees through Congress in one of its last acts for the year. The bipartisan bill would eliminate longtime reductions to Social Security […]
House Passes $196 Billion Social Security Bill: Will Repealing Pension Reductions Shorten The Program’s Lifespan? On Nov. 12, the U.S. House of Representatives passed the Social Security Fairness Acta bipartisan bill set in motion to eliminate two long-standing provisions that currently reduce Social Security benefits for public sector employees. The legislation was first introduced in […]
Seniors awaiting an increase in their Social Security checks next year may be upset to discover that a chunk of that extra money is already spoken for. The Centers for Medicare and Medicaid Services (CMS) announced that 2025 monthly Part B premiums will climb to $185, an increase of $10.30 from $174.70 in 2024. And […]
WASHINGTON (AP) — The House is expected to try next week to pass a Social Security-related bill to ensure benefits for workers who are also eligible for other pensions despite a surprise move by hard-right Freedom Caucus leaders to derail the effort. It’s a quick turnaround to salvage what had been a bipartisan effort to […]
