Social Security has just about six years before it may need to start reducing retirement benefits — unless Congress acts sooner. Earlier this month, a bipartisan group of senators put forward a proposal that outlines a process to make a Social Security ov... See more
A 65-year-old who retires in 2026 may spend an average of $185,500 on health and medical expenses in retirement, according to a new estimate from Fidelity Investments — a price tag that the research shows is unexpectedly high for many retirees. The figure... See more
IRS CEO Frank Bisignano, who has been tapped to lead the expansion of Trump Accounts, told CNBC's "Squawk Box" on Thursday that he expects every family could someday have one of the new tax-deferred investment accounts for children. "We have the ability t... See more
To retire comfortably, Americans think they will need $1.2 million saved, according to a new survey from global investment manager Schroders. Yet just 30% of the workplace retirement plan participants surveyed said they think they'll reach a $1 million sa... See more
A bipartisan group of senators is introducing a bill to initiate action on Social Security reform. The PROMISE Act — which stands for Protecting Retirement Opportunities and Maintaining Income Security for Everyone — would establish a process for enacting... See more
