Personal Finance

(NewsNation) —Many retirement-aged Americans either don’t have enough money saved or they’re using their accounts like an ATM and withdrawing funds earlier than planned. NewsNation spoke with Shari Evans Buford, a woman who retired in Florida. She and her husband both worked until retirement and Evans Buford has a 401K as well as Social…

While a small number of residents may not be able to get their Social Security benefits this month, most of the currently active beneficiaries will keep receiving their payments from the Social Security Administration. However, some recipients over 62 years old may not receive monthly benefits due to some disabilities caused by illness or…

Ted Benna, 82, is credited with creating the 401(K) as it is known today  It has changed the way millions of Americans think about their retirement funds However, today he says the fees charged to workers have become too high By Helena Kelly Assistant Consumer Editor For Dailymail.Com Published: 18:02 BST, 11 May 2024 |…

Social Security is one of the most contentious programs Americans have access to, and with the presidential election looming closer every day, everyone is weighing in with their views on the matter. The main bone of contention seems to be the age at which benefits can be accessed, with the earliest age being 62. Not everyone agrees to this…

Felix Aidala, Gizem Kosar, and Wilbert van der Klaauw One of the most striking features of the labor market recovery following the pandemic recession has been the surge in quits from 2021 to mid-2023. This surge, often referred to as the Great Resignation, or the Great Reshuffle, was uncommonly large for an economic expansion. In…

It can take up to eight months for the Social Security Administration to approve your benefits when you apply for Social Security, Social Security Disability Insurance or Supplemental Security Income. It's important to make sure you follow all the steps to prevent those benefits from getting revoked by the administration.A few things could cause…

Buba1955 / iStock.comAs with any age cohort, annual incomes among Gen Xers are all over the map. The gap between wealthy and poor Gen Xers (those born from 1965 to 1980) is not that different from other generations. What does set Gen X apart, though, is the gap between how much they want to save and how much they actually have saved — and how…

People leave a Social Security Administration building in Burbank, California. Valerie Macon | Afp | Getty ImagesThe Social Security trustees credited the slightly improved outlook to more people contributing to the program amid a strong economy, low unemployment and higher job and wage growth. Last year, the trustees projected the program's…

(NEXSTAR) – While many Americans want to retire comfortably, it’s a goal that may seem out of reach for some struggling to save due to the rising costs of housing and everyday expenses.  According to a recent AARP survey, about 1 in 4 U.S. adults aged 50 and older say they never expect to retire and 70% are concerned about prices…

Social Security benefits can go a long way in retirement, and most beneficiaries look forward to getting a raise each year via the cost-of-living adjustment (COLA). Each October, the Social Security Administration (SSA) announces the COLA for the upcoming year. The COLA for 2024 was 3.2%, meaning beneficiaries received a 3.2% boost in benefits…