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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Social Security
What Americans Really Think About the Proposed Social Security Solvency Solutions
Time is running out for lawmakers to shore up Social Security. Constituents aren’t happy with the current suggestions.
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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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How Rising Gas Prices Could Affect Social Security
Rising prices at the pump are a big indicator of inflation. See how the price of gas could affect the size of your Social Security benefits.
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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.
Retirees Could See the Biggest Social Security COLA in Years
You would think a cost-of-living increase would be good news, but it’s not. We will explain why retirees shouldn’t celebrate yet.
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Here’s Where Retirees Spend Most of Their Money
Living expenses add up, even during retirement. For seniors, those costs are often far greater than Social Security benefits.
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Name Dropping – Here Are the Top Ten Baby Names in the U.S.
It looks like new parents are picking tried and true baby names. We’ll tell you which boys’ and girls’ names top the list for yet again.
Read MoreEight Ways to Fix the Social Security Solvency Problem
Social Security is facing a severe funding shortage, but Congress can fix it before it’s too late. Here are some solutions.
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Almost One-Third of Americans Over 50 Are Not Prepared for Retirement
By your 50s, you have only a short time left to build up your retirement account. Let’s look at how many seniors are ready.
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