Seniors in These States Could See the Biggest Social Security Benefit Boosts Next Year
Depending upon where you live you could see a bigger Social Security benefit boost due to next year’s COLA. We’ll explain why.
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retirees
The Clock is Ticking to Shore Up Social Security
Time is running out for lawmakers to shore up Social Security and ensure this critical program is here for America’s retirees.
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Can You Afford to Retire at America’s Most Famous Retirement Community?
You may be shocked to know how much it will cost you to retire at America’s most popular retirement community.
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Why the Current COLA Formula is Hurting Retirees
Here’s more proof that Social Security is doing a disservice to seniors. See why it’s just not keeping up with spending.
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Here’s How Much Money the Typical American Couple Needs to Retire
Have you saved enough to live a comfortable retirement? Chances are, the answer is no. We’ll tell you how much you should have in the bank.
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If Social Security Becomes Insolvent, Residents of These Five States Will Face the Biggest Benefit Cuts
If Congress can’t fix the Social Security solvency crisis, residents of certain states could face larger benefit cuts than those in others.
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Why the Social Security COLA Can’t Keep Up With Seniors’ Spending
Seniors’ spending is outpacing Social Security COLA increases. Let’s look at what can be done to make benefits keep pace with expenses.
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Why Social Security COLAs Never Seem to Keep Up With Inflation
Because of inflation, retirees could see an almost 4% COLA next year. We’ll explain why even that is not enough.
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Are Senior Discount Days a Thing of the Past?
Many grocery stores are getting rid of their senior discount days. We’ll tell you where savvy seniors can still save money.
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The Five Biggest Financial Fears Facing Retirees
The Biggest Financial Fears Facing Retirees
If you worry about money, you are not alone. According to a CBS News report, one in five retirees say they are struggling financially. That has obviously spurred a variety of financial fears.
A survey by the investment firm Schroders found that retirees’ biggest financial fears are:
• Inflation eroding the value of retirement savings and other assets (90%)
• Higher than expected health care costs (87%)
• A major market downturn significantly reducing assets (81%)
• Not knowing how to best take retirement income and/or draw down assets (69%)
• Outliving retirement savings (68%)
The Seniors Trust is committed to improving the financial well-being of older Americans by passing the Social Security Expansion Act. It will give retirees an immediate increase of about $200 a month in benefits, a fair annual COLA, increased minimum benefits, and ensure the long-term solvency of the Social Security program.