Social Security’s COLA Projection for 2024

by Warren Seah

Social Security’s COLA projection for 2024

Social Security recipients may receive a modest 3% boost in 2024, following a significant 8.7% increase in 2023. The calculation is based on the latest consumer-price data released in June, indicating a gradual cooling of inflation in the United States.

The rise of cryptocurrencies in criminal activities

According to TRM Labs, criminals have now turned to alternative cryptocurrencies and blockchain technologies for their online financing. These illicit activities have become increasingly prevalent within a vast and sophisticated global network.

Preparing for the future: A personal perspective

As a 52-year-old individual without any children and a mere $190,000 in 401(k) assets, it is natural to contemplate one’s future. The fear of growing old alone and being forgotten is something many individuals can relate to. It is crucial to confront these concerns head-on and make long-term plans that align with your desired lifestyle and potential health needs, regardless of your marital status or family size.

Battling the epidemic of loneliness

Loneliness has become an epidemic, posing significant threats to both physical and mental well-being. Discover effective strategies to combat isolation and safeguard your overall health.

Gen X retirement savers face harsh realities

The retirement expectations of Generation X are often disconnected from their actual savings. Understanding the gap between aspirations and financial reality is crucial for this age group.

The power of friendship in dementia prevention

Having strong social connections not only enhances your social life but also serves as a protective measure against dementia.

Avoiding a common mistake with grown children

Find out how to avoid a significant parenting mistake that many individuals continue to make with their adult children.

The financial and social implications of midlife parenthood

Discover the financial and social considerations associated with having children in midlife. While it can be both exhausting and exhilarating, careful planning is essential.

Evaluating retirement possibilities after a job loss at 61

If you find yourself at 61 years old, recently laid off, with $550,000 in savings and no mortgage, you may question if retirement is financially viable. Explore the factors to consider before making this important decision.

More Retirement News

Get insights into the retirement landscape by learning how much you need to retire among the top 10% of Americans. Track your progress and stay informed. (Yahoo Finance)

3 Ways to Grow $100,000 Into $1 Million for Retirement Savings

Research and Insight

  • New Study Shows This Group Is More Likely to Overestimate Their Retirement Savings
  • Friends are key to happiness, study shows
  • Here’s the Average Retirement Age in 2023 for Men vs. Women
  • Gen Xers Profess Low Retirement Confidence, Concerns About Guaranteed Income
  • State Automated Retirement Programs Would Reduce Taxpayer Burden From Insufficient Savings
  • Half of boomers and late Gen Xers who took early retirement during the first Covid wave have fallen into poverty

To share with your family, friends and clients

  • We have $2 million for retirement and want to spend every single dollar before we die
  • I used ChatGPT to find work in retirement — here’s how I did it
  • Worried about your job? How to bounce back from a layoff.
  • Your standard of living in retirement is largely determined by this surprising thing
  • Opinion: Congressional Republicans want big cuts to Social Security
  • Fun on a budget: How to spend less and enjoy more in a frugal retirement

You may also like

Leave a Comment