With many major purchases in life, we often have the opportunity to test out or experience the products we’re buying. We can test drive a car, tour a home, or try on a new outfit. For the older Gen Xers and the younger Boomers, retirement is just around the bend. Just like driving a new route, our minds can race with questions. Do
The average Social Security payment is increasing by $48 per month next year. The Social Security Administration announced the 2.5% cost-of-living adjustment (COLA) for 2025 on Thursday, marking the smallest increase since 2021. The average COLA was 2.6% across the past decade, with the 2024 change at 3.2%, according to the administration. The close to 68 million Social Security beneficiaries
Two weeks after his disastrous debate performance, President Joe Biden is facing a dilemma countless older workers have experienced: Outside pressure to retire. The calls for Biden to step aside and let a new nominee challenge former President Donald Trump in November’s general election reached a tipping point this week. On Wednesday, actor and Democratic donor George Clooney questioned Biden’s
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