Oct 29, 2021

Every year, the Social Security Administration adjusts benefits based on cost-of-living (also called COLA).  It’s averaged about 1.7% annually as inflation remained low.  But in 2022, the increase is set for 5.9% - the biggest boost in beneficiary checks in 40 years.  It’s all because the economic recovery from the...

Oct 22, 2021

One of the most basic retirement planning questions people have is “How am I doing?”  We want to know if we’re on track for a comfortable retirement, or if we might need to change something.  To help, Fidelity came up with some so-called “benchmarks” for how much money we should have set aside by certain ages....

Oct 8, 2021

The Senior Citizens League says if you’d retired in the year 2000 with a total income of $100,000, you’d now need $156,000 to be able to afford the same standard of living.  That’s thanks to inflation, which – by the way – has been rising much faster than usual lately.  We’d like to think that we’ll be...