With inflation at an all-time high, retirees are finding it difficult to make ends meet and many are spending more in 2022 than they can afford, a recent survey finds.
Beyond building your nest egg, understanding your “paycheck” when you retire is key.
BIPOC populations are more open to working with a financial professional even though fewer BIPOC Americans are getting that professional advice.
The 2023 numbers from Social Security and Medicare provide an opportunity for clients and advisors to discuss retirement plans, the role of Social Security, Medicare premiums, and other healthcare costs that need to planned for in retirement.
Keith Ingersoll, a former associate of disgraced Seminole County Tax Collector Joel Greenberg, has agreed to plead guilty in federal court to charges that he took part in a real estate scheme that defrauded an investor of millions of dollars, according to court documents. A hearing is scheduled for Tuesday before U.S. Magistrate Judge Embry Kidd in the Federal…
On Monday, disgraced Theranos CEO Elizabeth Holmes will play one of her last cards to avoid a prison sentence when a federal judge questions a key prosecution witness who expressed post-trial regrets about testimony that helped convince a jury to convict her for investor fraud. That witness, former Theranos lab director Adam Rosendorff, made an uninvited…
The Employee Benefit Research Institute announced the launch of a re-envisioned Ballpark E$timate calculator to help individuals estimate their savings needs and future spending during retirement.
If youâ re celebrating your 65th on Nov. 15, for example, your initial enrollment window runs from Aug. 1 to Feb. 28, 2023. âThree months before your 65th, take a look at employerâ s insurance and compare it with what youâ ll be paying for traditional Medicare and a Medigap policy or a Medicare Advantage plan,â said Kathy Sarmiento, SHINE Medicare/Medicaid counseling…
With the recent spike in interest rates by the Federal Reserve, Americans are feeling more pressure in their wallets as inflationary rates make waves across all industries.
New data from the federal government was released Thursday indicating the Consumer Price Index reached 8.2% for the 12- month period ending in September. The persistence of inflation has caused the Federal Reserve to raise interest rates in hopes of cooling inflation. But with the interest rate hikes come a greater risk of sending the U.S. economy into a…
Social Security just announced the biggest increase in beneficiaries' costâ ofâ living adjustment in 40 years: 8.7%. The trouble is, Social Security is using an outdated measure that's driving up benefit costs. Social Security benefits are indexed for inflation to protect beneficiaries from a decline in purchasing power when the prices of goods and services…
Social Security checks will increase by $140 on average come January. Thursday, the Social Security Administration announced an 8.7% cost-of-living adjustment will start with benefits payable to more than 65 million Social Security beneficiaries. Mark Grywacheski with the Quad Cities Investment Group said the government typically looks at the level of…
Despite market volatility, high inflation and the threat of a recession, retirement âsuper saversâ continue to making savings a top priority, according to a study by Principal Financial Group.
Oct. 13â Senior citizens could see their biggest Social Security cost-of-living increase in decades but some local seniors say it's not enough to keep up with rising expenses and persistent high inflation. Mary Roselle, executive director of the Area Agency on Aging for Luzerne and Wyoming Counties, said Social Security benefits are expected to increase 8.7%…
BY STAN C HOE The Associated Press. On Thursday, the U.S. government is set to announce how big a percentage increase Social Security beneficiaries will see in monthly payments this upcoming year. It's all part of an annual ritual where Washington adjusts Social Security benefits to keep up with inflation, or at least with one narrow measure of it.
Open enrollment period for Medicare begins on Saturday, Oct. 15. Along with political ads, every other ad on television these days is about choosing a health plan, and your mailbox is probably full of sales information. Every company claims to be your best choice.
But history shows the average U.S. recession since 1947 has brought an even bigger fall for stocks: roughly 30%, according to Goldman Sachs. The last three recessions have seen the main measure of the U.S. stock market lose between 34% and 57%. With the Federal Reserve hiking interest rates sharply in hopes of getting inflation under control, more economists are…
While mortgage rates declined slightly on Oct. 6, the long-term forecast is for higher interest charges for the balance of this year and into 2023 as the Federal Reserve Board continues to tighten its vice grip on inflation. Freddie Mac's Primary Mortgage Market Survey reported that benchmark 30- year fixed home loans inched slightly lower to 6.66% on Oct. 6…
Being a financial planner is one of the most rewarding careers. Not only do you get to make a positive difference in clientsâ lives, but you are also often the first person they call with life-changing news.
