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75% of Retirees Fall Short of a Key Retirement Income Goal. These Steps Can Help
The moves you make now can help make your lifestyle more comfortable in retirement later.
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New Retirement Account Rules Make It Easier to Tap Savings Early for Emergencies
The $1.7 trillion bill to fund the federal government through next September has measures related to tapping retirement savings for financial hardships.
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Here's How Much Per Month Social Security Recipients Will Get in 2023
Retirees will see a major increase in benefits this January when a new cost-of-living adjustment is added to Social Security payments.
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Social Security Recipients Get 8.7% More in 2023
The cost-of-living adjustment means the average recipient will receive more than $140 extra a month beginning in January.
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Thinking About Retiring Early? What You Should Know
Have you ever thought about quitting your job permanently and retiring early? Well, you’re not alone. Throughout the pandemic, many people have been thinking about substituting their careers for something that will make them happier in life. LX News Storyteller Eric Rodriguez explores early retirement and things to consider before doing so.
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‘Super Savers' Are Setting Aside 50% of Their Income to Retire Early
Cutting back on the three major expenses — housing, transportation and food — is key for “Super Savers,” who are saving at least half their income in an attempt to retire early. Insider senior investing reporter Kathleen Elkins interviewed several Super Savers, and joins LX News to discuss the frugal group.
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Sharks Legend Patrick Marleau Officially Retires After 23 NHL Seasons
After 21 seasons with the Sharks, two more with the Toronto Maple Leafs and part of a season with the Pittsburgh Penguins, Patrick Marleau is hanging up his skates.
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The Sooner You Invest in Your Retirement, the Better
A great hack to jumpstart your retirement savings: open a 401K through your job and start your own Roth IRA account. If you’re young, the best time to start funding your retirement is now, we explain in the latest installment of our “Surviving Capitalism” series.
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Social Security's Retirement Age Is Moving to 67. Some Experts Say That Could Go Even Higher
When Congress eventually takes steps to repair Social Security’s solvency, it may raise the retirement age. Here’s what that could mean for benefits.
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If You're a New Retiree Whose Income Has Dropped, You May Need to Appeal Medicare Premium Surcharges
The tax return that’s used to determine whether you pay extra for Medicare premiums may not accurately reflect your income when you retire.
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House Passes ‘Secure Act 2.0.' Here's What That Means for Retirement Savings
The House of Representatives has passed the Securing a Strong Retirement Act, or Secure Act 2.0. It’s good news for many retirement savers.
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The Gender Wage Gap Could Cost Women Millions When They Retire
Lower earnings mean women miss out on an opportunity to invest and save for retirement, according to a new analysis from the Center for American Progress.
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Last Chance to Avoid a 50% Penalty on Required Withdrawals Is April 1 for Some Retirees
If you turned age 72 during the second half of 2021, the deadline for your first annual required withdrawal from retirement accounts is April 1, 2022.
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House of Representatives Set to Vote on Bill to Improve Retirement System. What to Know
The House of Representatives could vote on the Securing a Strong Retirement Act, or Secure Act 2.0, as early as Tuesday.
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Biden's 2023 Budget Includes $14.8 Billion for Social Security. Here's What Changes That Could Bring
President Joe Biden’s 2023 budget could help fund service improvements for Social Security. Some groups had hoped to see more in the president’s proposal.
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There's Still Time for 2021 IRA Contributions, But a Tax Break Isn't Guaranteed. Here's What to Know
The deadline for 2021 traditional individual retirement account contributions is April 18. But there are special rules to qualify for a deduction. What to know.
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Vanguard Reclaims Top Target-Date Fund Manager Spot, Leapfrogs Fidelity and BlackRock
Until 2020, Vanguard had collected the most new investor money in target-date funds each year since 2008, according to Morningstar.
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The Pandemic Has Widened the Gap Between Women and Men's Retirement Savings. What to Know About Catching Up
Only 19% of women are confident they’re on track to retire without running out of money, according to TIAA. That’s compared to 35% of men.
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Here's the Average Tax Refund So Far This Year — and the 3 Best Places to Stash Yours
A tax refund offers a rare opportunity to build a safety net. Here are three ways to stretch the one-time payment.
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Good Boy! County Detector Dog ‘Podder' Given Service Award Ahead of Retirement
After four years working for the San Diego County Agriculture, Weights & Measures Department, Podder the detector dog was honored Wednesday as he heads into retirement.