How much will Social Security rise in 2023?

(Dan Caplinger) Millions of retirees live on the fixed income that Social Security provides. With little outside savings in place, the fact that Social Security makes annual cost-of-living adjustments is essential, as it allows the purchasing power of checks received by program recipients to remain reasonably steady even in the face of high inflation. In … Read more

The 2023 savings credit is available to more taxpayers than ever before

(Dan Caplinger) Everyone can benefit from saving for retirement. But especially when times are tough, it’s hard to find money to allocate. Anytime you can get help, it is worth taking advantage of it. The federal government has been concerned about making sure low- and middle-income Americans are ready for retirement. That’s why legislators created … Read more

The surprising truth about the future of Social Security | Smart Change: Personal Finance

(Selina Marangian) Here are some scary headlines you may have come across that give the impression that Social Security is on the way to becoming a thing of the past: “Social Security is expected to be insolvent a year earlier than previously expected” (New York times, 2021) “Why is Social Security running out of money?” … Read more

Seniors are just a month away from an important Social Security announcement | Smart Change: Personal Finance

(Christy Pepper) In mid-October, retirees will get some important news from the Social Security Administration. It’s news that many people have been waiting for, and it will have a profound impact on the finances of seniors across the country. The cost of living adjustment for Social Security will be announced soon So, what’s the big … Read more