Getting the average American to work one year longer by starting earlier or retiring later would generate about $3 trillion for the economy, said the administrator of the Centers for Medicare and Medicaid Services.
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The project is slated to include 69 luxury apartment units, 25 villa-style residences and indoor sports courts for pickleball.
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Gen Xers who have retirement accounts have saved on average a measly $180,000, and nearly 50% of Gen Xers don’t even have a retirement plan. Among the hot topics: When’s the best time to start taking Social Security, given that it’s headed for a funding deficit in 2033?
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A surge in baby boomers nearing 65—about 4 million Americans turn 65 this year—means more people are making tough decisions about retirement. That surge is expected to continue through 2027.
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Worries about the volatility of digital currencies and a plan-sponsor’s duty to protect its participants are among the concerns experts see, even as state and federal officials work to improve access.
The changes, among others announced by the IRS, make it easier for retirement savers to set aside more of their income toward building their nest egg.
While the cost-of-living increase is in line with overall inflation for the year, it trails categories that are particularly relevant to older adults.
The annual Social Security cost-of-living adjustment is timed to the September Consumer Price Index, which has not yet been released.
Force set the new NHRA Top Fuel world speed record last weekend at the U.S. Nationals in Indianapolis. Now she’s ready to focus on starting a family.
A veteran sports marketing executive, Bryant has served as leader of the nonprofit since 2013.
Millions of Americans saving for retirement could have the option of putting their money in higher-risk investments, according to an executive order signed Thursday by President Donald Trump.
The tariff-induced extremes that have gripped Wall Street have been mirrored by a surprising fortitude among everyday people invested in the stock market, financial advisers and analysts say.
In 10 years, Social Security won’t have enough money to satisfy all obligations to retirees. The latest projections show benefits dropping by 17%.
The state dropped New York City-based BlackRock as an asset manager after the Treasurer’s Office found it had considered ESG practices. But its replacement has a similar background.
According to the U.S. Bureau of Labor Statistics, 30% of private-sector workers do not have access to a defined-contribution retirement plan through their employer.
“I feel the time is right,” Lofton said during Thursday’s episode of “Sunrise.”
Kevin Gregory, who joined the WRTV-TV Channel 6 staff in 1989, is set to wrap up his career at the ABC affiliate. It will be the first time since 1972 that no member of the Gregory family will deliver weather forecasts on Indianapolis TV.
The measure boosts Social Security payments for current and former public employees such as teachers, firefighters, police officers and in other public service jobs.
Moffett and Stephen Craig are retiring this month after 35 years of operating Adrienes in a 133-year-old house at 1249 Conner St. just east of the historic courthouse square.
About 70.6 million Social Security recipients are expected to receive a smaller cost of living increase for 2025 than in recent years, as inflation has moderated.
Indiana passed a law in 2023 directing the Indiana Public Retirement System board to refrain from making investments aimed at environmental, social, and governance issues.
An improving economy has contributed to changed projected depletion dates, according to the annual Social Security and Medicare trustees report Monday. Still, officials warned that policy changes are needed lest the programs become unable to pay full benefits to retiring Americans.
The share of people older than 50 who say they do not expect to retire has steadily increased, according to the AARP study, which is conducted twice a year.
In the 300th episode of the IBJ Podcast, Pete Dunn also discusses the role that your housing decisions—good and bad—play in retirement readiness.
