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Choosing to move states during retirement can be a smart or devastating move. Do you know the worst state for retiring in the U.S.?. According to a 2023 study published by WalletHub, Kentucky ranked as the worst state to retire based on three main metrics: affordability, quality of life, and health care. A low average score across all three rankings kept the Bluegrass State below the rest of the US.

In today's economy, looking ahead to retirement makes many tired workers break out in a cold sweat. From cutting back on morning coffee to canceling streaming services, one future retiree asked the internet for their best tips on preparing for retirement. Here's what they had to say.

House Minority Democrat Representative Hakeem Jeffries (D-NY) voiced concerns earlier this week over a potential Republican-led commission's intentions to undermine Social Security and Medicare.

In a recent House Oversight Committeehearing, Representative Lauren Boebert (R-CO) strongly criticized the Social Security Administration's handling of employee work policies and the swelling backlog of applications, demanding clarity on the return-to-office timeline for employees.

A 403(b) plan is a tax-advantaged retirement savings option primarily for employees in public education institutions, certain non-profit organizations, and religious entities. These plans offer a way for employees and employers to contribute to a retirement fund, with the added benefit of tax deductions on contributions. As with most retirement accounts, there are specific rules and strategies for withdrawals, contributions, and overall management.

Migrant adults in New York City are facing difficulties finding shelter after their 30-day stay in the city's shelter system ends. They are now being sent to a former school in the East Village to reapply for housing, causing them to wait for hours in the cold. On Monday, the line outside the migrant processing center at St. Brigid School stretched down the street, with migrants enduring freezing temperatures. Mark Miller, an immigrant from Russia, expressed the feeling of being a "nobody" and not having human rights as an immigrant homeless person. The city began directing migrants who have received eviction notices to St. Brigid to reapply for temporary housing. Officials say this site will also assist migrants who have been kicked out of shelters to find new beds.

In the ever-evolving landscape of retirement planning, one constant has been the Social Security program. However, recent changes and discussions surrounding Social Security have left many retirees and soon-to-be retirees with questions and uncertainties. In this blog post, we'll explore the impact of Social Security changes on retirees and provide insights into navigating this crucial aspect of financial planning.̧

Struggling financially can feel isolating, and there's nothing fun about it. The good news? Many Americans have gone through hard times and reached the other side. Here are some tips for staying out of and getting out of poverty.

Understanding North Carolina Senate Bill 274 or Senior Care Options. North Carolina Senate Bill 274, also known as Senior Care Options, was ratified in November 2023. The bill aims to provide additional support and resources to senior citizens in the state by offering a range of benefits and services. The bill also includes amendments to legislation related to home assistance services and licensing requirements. The legislation was presented in the North Carolina General Assembly in 2023 and was signed into law by Governor Roy Cooper.

In an article in The Daily Dot, a woman claimed that she logged into her social security account only to find a terrifying notice. The woman revealed the incident on her TikTok channel. She claimed that all she wanted to do was order a new card. Instead, there was a notice at the top in big, red numbers that she owed $17000 in overpayment debt.

Millions of Social Security beneficiaries will receive Supplemental Security Income (SSI) checks in December, with two payments scheduled on December 1 and December 29. This is due to January 1 being a holiday, so the checks are sent on the nearest business day. The second check will be higher because it includes the cost of living adjustment for 2024, set at a 3.2% increase from 2023. The COLA is calculated based on inflation, using the Consumer Price Index for Urban Wage Earners and Clerical Workers. SSI eligibility requires being at least 65 years old, meeting financial requirements, or having a debilitating disability. SSI is different from Social Security checks for retirees, and the two payments are made separately.

This post includes content written by AI. Oregon businesses face higher 2024 payroll taxes to sustain the unemployment insurance trust fund. Annual notices were issued by the Oregon Employment Department, revealing increased rates for new employers from 2.1% to 2.4%. The maximum wage base per employee rises from $50,900 to $52,800. It's crucial to note that the payroll tax applies to employers, not employees, and unemployment benefits received are taxable. This adjustment shifts Oregon employers from tax rate schedule 2 to schedule 3 in 2024, with the fund solely allocated for benefits and interest earnings credited to it.

Retirement marks a significant shift in life. It's a time when financial preparation becomes crucial. Knowing your potential Social Security benefits is key if you're nearing retirement or it's a distant thought. This knowledge aids in determining how much extra savings you'll need for a comfortable lifestyle.

According to the Social Security Administration, Social Security recipients will receive a 3.2% increase in monthly checks beginning in 2024. However, according to AARP.org, Medicare costs will be on the rise for 2024. So, what good is it if Social Security increases their payments only to have Medicare increase their billing?

According to the Social Security Administration, Social Security recipients will receive a 3.2% increase in monthly checks beginning in 2024. The increase in Social Security benefits for 2024 reflects a cooldown of inflation in 2023. Beginning in January 2024, the average monthly Social Security retirement benefit will increase by $59.00 from approximately $1848.00 to $1907.00.

Social Security Retired-Worker Benefits Experience Significant Growth in Certain States in 2024. Retired workers across the United States can anticipate an increase in their Social Security benefits, with the average monthly payment expected to rise by $59 to reach $1,907 in the upcoming year. However, it is worth noting that the exact amount of Social Security checks can differ significantly from state to state. This variation can be attributed to various factors, including earnings history, resulting in considerably higher payouts to retired workers in specific states.

Did you know that one-fourth of Americans have no retirement savings or even a pension outside of Social Security?. Note: This post contains affiliate links. When you click on a link and buy the product, I make a small commission, which does not change your price.

The Social Security Administration has released its 2024 payment schedule, following the same pattern as every year. The 2024 cost-of-living adjustment (COLA) will be 3.2%, resulting in an average retirement benefit increase of $57.39 per month. While this is a significant decline from this year's 8.7% adjustment, it is still above the 2.6% average over the past few decades.

Overpayments are payments that the Social Security Administration (SSA) says beneficiaries were not entitled to receive. They can happen for various reasons, such as changes in income, marital status, living arrangements, or disability status. Sometimes, the overpayments are the result of errors by the government rather than the person receiving the money.