fox-business/money/retire
Social Security to send two SSI checks in December due to calendar quirk
The Big Money Show panel discusses the alarming new analysis showing Social Security and Medicare racing toward insolvency and warns that retirees face steep benefit cuts unless Washington acts fast. Some recipients of Social Security benefits will receive two checks in the month of December, as a calendar quirk will move the payment timeline for an […]
Most Americans underprepared for longer lives, new study reveals
FOX Business’ Gerri Willis reports on an increase in older Americans renting on ‘Varney & Co.’ Adults are living longer, but there’s a caveat: Their retirement funds aren’t keeping up with their longer lifespans, according to a recent report. John Hancock’s Longevity Preparedness Index (LPI), which was developed with MIT AgeLab, revealed that U.S. adults […]
High earners lose 401k catch-up tax break starting in 2026 under new rules
‘Barron’s Roundtable’ panelists analyze what the best strategies are for maximizing the earnings in your 401(k). A popular tax break for workers nearing retirement age to make extra catch-up contributions is changing next year, which will limit access to some high earners. The IRS issued new regulations last month to implement a provision of a […]