Healthcare is draining Social Security checks, and the pressure is getting worse. Out-of-pocket expenses for health care in retirement are more than people plan for. Even including Medicare coverage and ignoring long-term care, retirees face substantial out-of-pocket costs for premiums, co-pays and uncovered medical services. Those bills eat up about a third of the average … Read more
“My daughter is getting married next year and will try to get pregnant right away.” (The subject of the photograph is a model.) – Photo illustration MarketWatch/iStockphoto I am 59 years old. In the last four years, my income has been the highest it has ever been for me – almost six figures. I had … Read more
A quiet regulatory update by the Social Security Administration (SSA) could raise new concerns about the government’s growing use of surveillance tools to monitor ordinary Americans. In early January, SSA updated its Evidence of Foreign Travel – Foreign Travel Data application to increase scrutiny of foreign travel by Americans receiving benefits. This change allows the … Read more
COLA 2026 was announced at 2.8% in October 2025. Fed projections suggest a potential COLA for 2027 in the range of 2.3% to 2.6% if CPI is slightly above PCE. Retirees who rely on interest income from CDs and savings accounts have seen their earnings drop after recent rate cuts. If you’re thinking about retiring … Read more
GroundPicture/Envato Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. What do you do when you turn 60 and haven’t saved much, if anything, for retirement? Imagine Ryan, a single man from Little Rock, Ark., finding himself in this situation shortly after losing his job during a company … Read more
The year you were born has a big impact on how much you can get in Social Security benefits. If you want to maximize the benefits, you need to work at a high-paying job, but there is one important detail that makes it impractical for most. Understanding how continuing to work will affect your benefits … Read more