Higher benefits resulting from a cost-of-living adjustment could be offset by bigger Medicare premiums and larger tax bills.
Those 62 and older profit from cost-of-living adjustments even if they're not yet collecting benefits.
Americans experienced a wide range of financial consequences during the pandemic. A new survey analyzes the financial impact of the pandemic on different generations
Key retirement industry groups urge President Biden to put in place a coordinated federal approach to the crisis.
The income calculation for Medicare and Social Security includes tax-exempt interest on municipal bonds.
Continued inflationary pressures could result in the largest cost-of-living increase in benefits since 1983.
The political infighting won't affect the $1 trillion in benefits Social Security sends each year to 65 million Americans. But it will likely make it more difficult to begin work on a solution to the program's long-term financial challenges.
71% of American adults worry that the program will run out of money during their lifetime and 19% say the pandemic has affected their plans to file for Social Security benefits, according to a Nationwide survey.
While the pandemic undermined Americans' confidence in nursing homes and home care is preferred, its cost could exceed that of a nursing home.
Covid has helped retirees focus on the importance of well-being over wealth. A new study shows that the timing and funding of retirement have shifted as a result of the pandemic and that retirees are paying more attention to the nonfinancial aspects of retirement.
