Retirement accounts lose trillions in stock rut
Stock market declines from the beginning of the year have amounted to trillions in losses for retirement accounts, and Americans are feeling the pain.
Inflation could mean highest Social Security cost-of-living adjustment since 1981
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.
Social Security benefits likely to climb by 8% next year, official says
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.
Go-broke dates pushed back for Social Security, Medicare
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.
Biden admin concedes Chinese investments in federal retirement fund are 'unfitting'
Thrift Savings Plan board nominees nominated by President Biden have agreed that the retirement fund should not be invested in Chinese companies.
New Republican bill would protect crypto investments in retirement accounts
Fidelity announced last month that it planned to offer bitcoin as an investment option in its 401(k) plans by the middle of the year, eliciting alarm from many Democratic lawmakers.
Biden admin risks Americans' retirement accounts to push climate agenda, GOP leaders in 24 states warn
A Biden administration rule threatens Americans' retirement funds by prioritizing 'speculative and immaterial risks' from climate change over real returns, attorneys general and treasurers from 24 states wrote in a letter challenging the proposal.
Health care costs for retired Americans expected to surge next year
The average 65-year-old couple retiring this year can expect to spend an average of $315,000 in health care and other related medical expenses during their retirement, according to Fidelity.
Inflation has eroded 40% of Social Security's purchasing power since 2000
The Senior Citizens League, a nonpartisan group that focuses on issues relating to older Americans, estimated on Wednesday that Social Security recipients have lost 40% of their buying power since the year 2000.
Social Security recipients could see biggest cost-of-living increase in 40 years
Social Security recipients are poised to receive the biggest cost-of-living raise in over four decades as inflation rapidly erodes the buying power of retired Americans.
Understanding liquid assets
Liquidity is important regarding an emergency fund should you experience a setback like a sudden job layoff, a medical emergency or an unexpected issue like a car repair.
Crypto expert on Warren pushing back against bitcoin in 401(k): Fidelity knows what’s good for their customers
Ava Labs President John Wu discusses Fidelity's 401(k) plans for crypto
Rubio rips military retirement board for ‘risking American money,’ national security in China
Sen. Marco Rubio calls out the Federal Thrift Retirement Investment Board for risking national security and trying to invest federal employees' and military members' 401(k) funds into communist-controlled Chinese companies.
This ETF could supercharge any retirement account
Here's an easy investing strategy that can help you build wealth for your future -- plus an exchange-traded fund (ETF) that can supercharge the strategy.
2 ETFs that are all you need for retirement
Today, in the age of low-cost exchange-traded funds (ETFs) that focus on indexes, it becomes pretty simple to create such a portfolio with just two funds.
Bitcoin coming to 401(k) plans through Fidelity digital asset accounts
Business intelligence solutions provider MicroStrategy plans to be the first employer to offer a digital assets account in their retirement plan later this year. Digital asset accounts will be available more broadly to employers mid-year.
Soaring inflation eating away at Americans' retirement savings
Rising prices are squeezing household budgets across the country, but the hottest inflation in four decades has been particularly burdensome for older Americans.
Inflation causing Americans to postpone retirement, homebuying, college, vacations & more: Nationwide
Consumers are revising their future financial plans due to high inflation, according to a new survey from Nationwide.
Soaring inflation continues to erode Social Security purchasing power, expert says
TSCL policy analyst Mary Johnson has raised her 2023 COLA forecast to 8.9%. But as inflation continues to surge, she said Social Security benefits aren't keeping up with rising consumer prices.
Retirement savings plan changes could be coming after House passes new bill
The House of Representatives recently passed a bill that extends the amount of time that Americans have to save for retirement, as well as other changes.