Jessica Hall is a retirement reporter for MarketWatch.
Social Security’s COLA for 2024 is 3.2%, vs. 2023’s historic 8.7% inflation-fueled adjustment. This translates to an average increase of about $59 a month for recipients, according to AARP. The increase in 2024 follows an 8.7% increase for 2023, which was the highest COLA in more than 40 years amid rising inflation. The average COLA increase over the last 20 years is 2.6%, according to the nonpartisan Senior Citizens League.
Retirement bond anxiety: Even with 6% yields, you can’t set and forget it. One new worry on the horizon: Callable and convertible bonds and CDs. Conditions are brewing for a dip in interest rates, and corporations and other entities that issue debt have been preparing for this by issuing more call options than ever, and with increasingly shorter call windows.‘I’m in my peak earning years’: I work full time and will soon turn 67.
We have two houses and 45 acres of farmland, but we don’t know what to do about retirement. Where do we start?How to Get More Retirement Income From Your 401 How much money you need to retire comfortably in every U.S.
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