Thursday, October 10, 2024

Retirement

Thu Oct 10 2024

Seniors to get 2.5% raise in 2025, but will it help catch inflation?

Social Security's 2025 cost-of-living adjustment is 2.5%, the smallest rise since 2021 and likely not enough for seniors to keep up with inflation.

A 401(k) ruling for one company could lead to greater flexibility for employer matches across the board.

USA TODAY spoke to nine savers between the ages of 19 to 65 to get a sense of retirement strategies across generations.

On average, Social Security's 2025 COLA will be largest for retired workers at age 70.

The Fed's actions might impact your day-to-day finances, but they shouldn't affect your long-term plans.

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