Tuesday, July 20, 2021

Democrats and Republicans agree on one thing: Retirement security is in jeopardy

Democrats and Republicans agree on one thing: Retirement security is in jeopardy

Article Excerpt: "...Economic Innovation Group proposes to expand on the federal Thrift Savings Plan—the retirement savings plan used by the federal government for its employees—to all working Americans. Voters seem to be on board, and support for a universal savings plan (78%) beat out other prominent wealth-building initiatives by a large margin like universal basic income (47%), child allowances (41%), and baby bonds (40%), according to the survey..."



Resource: yahoo.com



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Friday, July 16, 2021

For retirees on fixed incomes, rising prices for consumer goods can be tough

For retirees on fixed incomes, rising prices for consumer goods can be tough

Article Excerpt: "...“I’m a little bit worried about retirees who are very sensitive to gasoline prices … and thinking they have to cut back might might make elders more isolated,” she said..."



Resource: www.marketplace.org



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Social Security Benefits Could Skyrocket Next Year

Social Security Benefits Could Skyrocket Next Year

Article Excerpt: "...We won't know exactly how much Social Security will increase next year until October, but based on June's inflation data, the cost of living adjustment (COLA) in 2022 could top 6% for the first time since 1982..."



Resource: www.nasdaq.com



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Friday, July 9, 2021

21 States With a Higher Social Security Benefit Than the National Average

21 States With a Higher Social Security Benefit Than the National Average

Article Excerpt: "...The average retired worker should receive $1,479 in December from Social Security. But the typical retiree in these states nets an even beefier average benefit..."



Resource:



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