Retire

Contribution maximums for 401(k)s and IRAs are increasing in 2023, the IRS announced Friday, meaning Americans can stow away more money for retirement.

Retired Americans are set to receive one of the biggest Social Security increases ever, but the bigger paychecks could push them into a higher tax bracket.

The Social Security Administration on Thursday announced the cost-of-living adjustment for Social Security benefits, with recipients receiving a record increase.

Although 86% of Americans nearing retirement age understood that waiting until 70 meant they could collect more benefits, only 11% planned to do so, a Schroders survey said.

In addition to inflation, surveyed retirees' top concerns were about future health care, potential reductions in future Social Security benefits and running out of money.

The Social Security Administration on Thursday will announce the cost-of-living adjustment for Social Security benefits, with recipients expected to see a record increase.

A little more than half of the employees (58%) surveyed by the Nationwide Retirement Institute said they felt optimistic about their retirement plan, with 40% saying they would likely have to delay retirement by four years.

The Senior Citizens League estimated Social Security recipients could receive an 8.7% cost-of-living adjustment as inflation erodes retired Americans' buying power.

WalletHub identified the U.S. cities that are the best places to retire in this year, based on affordability, activities, quality of life and health care.

A 401(k) plan allows American workers to save enough money to live on during retirement and is sponsored by employers in various mutual funds.

Retiring has always caused anxiety for people who have spent their lives building a career. High inflation is leading more people to return to the workforce.

Retirement accounts have taken a brutal beating in the volatile 2022 markets, but a new study shows investors are still committing over the long haul.

In a recent survey, many older Americans said inflation is changing their retirement plans.

The retirement package for Delphi Corp. employees was slashed when General Motors went into bankruptcy in 2009. Some lost retirement savings and health coverage.

This TikTok sensation has amassed over 748,000 followers talking about careers, the tech industry, investing, and more.

Stock market declines from the beginning of the year have amounted to trillions in losses for retirement accounts, and Americans are feeling the pain.

Social Security recipients could receive a cost-of-living adjustment of 8.6% in 2023 -- the result of scorching hot inflation that has quickly eroded retirees' purchasing power.

Roaring inflation could result in the largest cost-of-living adjustment in decades for Social Security recipients, who have seen their buying power rapidly diminish this year.

The time frame for Social Security and Medicare to go-broke has been pushed back, helped by a stronger-than-expected economic recovery from the coronavirus pandemic.

Thrift Savings Plan board nominees nominated by President Biden have agreed that the retirement fund should not be invested in Chinese companies.