From MarketWatch Retirement:
I thought my mom had done all the right estate planning before she died, but I missed some important things. There’s never enough time and nobody’s perfect, but families need to talk about hard topics related to wills and last wishes.
How big will Social Security’s 2024 COLA be? Social Security’s cost-of-living adjustment (COLA) for 2024, the automatic indexing of benefits to keep up with rising prices, could be in the range of 3.0% and 3.8%.
Biden is reportedly using shorter stairs to sidestep ageism. Millions of other Americans face the same workplace problems. Some voters are focused on President Biden’s age, but he’s not the only one getting older on the job.
Also on MarketWatch:
Biden picks Democrat Martin O’Malley for Social Security commissioner nomination
Generation X can still retire — here’s how
Retirement balances are ‘two years behind,’ and confidence is falling, BlackRock says
Who faces the steepest decline in brain health after retirement? White men.
Depression diagnosed in early or mid-adulthood linked to dementia: study
‘It’s important to figure out who you can count on.’ How to thrive as a solo ager in retirement.
More in retirement news:
I Have Regrets About Retiring Early: 4 Expenses I Should Have Prepared For (Yahoo Finance)
I Had Just $200K in Retirement Savings — Here’s How I Grew It to $450K a Year Later (Yahoo Finance)
The “Live-To-100” Retirement Plan (Forbes)
To feel ‘comfortable,’ Americans think they need a $233,000 salary and nearly $1.3 million for retirement. Here’s what experts say (CNBC)
Five Common Retirement Mistakes and How to Avoid Them (Kiplinger)
Research and Insight:
Social Security: 3 Most Important Steps to Maximize Your Retirement Money, Per Study (Yahoo Finance)
State Auto-IRA Programs Motivate Firms to Create 401(k) Accounts, Research Shows (PlanSponsor)
The Caregiving Conundrum: How Unpaid Caregiving Affects Retirement Readiness (ASPPA)
Here’s the Average Retirement Age in 2023 for Men vs. Women (Yahoo Finance)
50% of Americans Can’t Afford Their Lifestyle in Retirement: How to Avoid That Fate (Yahoo Finance)
Study Says 40% of Workers Forced Into Early Retirement: Here’s How to Stay Ahead of the Curve (Yahoo Finance)
To share with your family, friends and clients:
I’m 50, divorced with no kids, have an MBA but am ‘afraid’ of being like my 70-year-old mother still working
Opinion: ‘Get Shorty’ meets the statehouse in a $1.5 trillion pension caper
Traveling with grandchildren to see the world and ‘dream big’
‘I’m 64, my job has turned to crap and I have cancer. Should I wait to 67 to start claiming Social Security?’
Opinion: This is the worst investment advice I know — and you may be taking it
‘My turn to pay it forward.’ Inspired to teach, this retiree found fulfillment by persuading students to care.