Social Security recipients to get their biggest cost-of-living raise in over 40 years

Oct 10, 2022
The adjustment is likely to be announced this week and expected to be around 9%. It's welcome news for recipients struggling with inflation.
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The case for calculating climate risk into retirement plans

Retirees may want to consider climate change risk when choosing a spot to settle down, says Chris Farrell.
Popular retirement destinations like Florida and Arizona are experiencing the effects of worsening climate change, says Marketplace senior economics contributor Chris Farrell.

How inflation is changing Americans' retirement plans

Jun 2, 2022
Many people are saving less for retirement or putting it off as rising prices squeeze their budgets, a new survey finds.
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While a 401(k) that includes cryptocurrency may pique the interest of younger investors, the volatility of bitcoin worries some financial advisors.
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A bill that aims to expand access to 401(k) accounts is on its way to the Senate

Mar 31, 2022
The House approved it by an overwhelming, bipartisan majority.
The Securing a Strong Retirement Act, now in the Senate, aims to make it easier for Americans to save for retirement.
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Default options are popular in financial decision-making, but are they effective?

From retirement savings to Social Security, the choices made for you are crucial and should be well designed.
A program's default option, in which participants are automatically enrolled, makes it easy to choose but isn't always the best choice.
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The Social Security increase is historically big

Oct 14, 2021
The 5.9% increase isn't typical, as cost of living increases for Social Security are usually under 2%.

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More Americans are looking to retire earlier

Sep 8, 2021
The New York Fed reports that fewer Americans are planning to work deep into their 60s. Many of them are responding to the pressures of the pandemic.
A new survey from the New York Federal Reserve shows respondents are increasingly thinking they'll be exiting the workforce at a young age.
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Retirements increased during the pandemic, reversing a trend

May 12, 2021
New census data shows more people retired last year. Their reasons and circumstances may vary widely.
Some retirees faced layoffs and health concerns, while others saw their wealth grow from real estate and stock appreciation.
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Oregon retirement savings program offers national roadmap

Economists found the automatic IRA program OregonSaves meaningfully increased retirement savings.
The success of OregonSaves, an automatic IRA program, suggests making it a national plan.
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