Retirement

Several provisions in the spending bill outline new ways employers can help workers save for retirement. The federal spending package unveiled on Tuesday includes new provisions that would alter how millions of Americans save for retirement, including older people who want to stash away extra money before they stop working and those struggling under the

Want to transfer money from a 529 plan to a Roth I.R.A. or get an after-tax employee match in your Roth 401(k)? You may be in luck. The $1.7 trillion federal spending bill that President Biden is expected to sign in the coming days includes dozens of changes to retirement plans. It makes it easier

Right-wing officials are attacking BlackRock for overstepping. Those on the left say the world’s biggest asset manager is not doing enough. It was a clarion call to chief executives everywhere. In 2018, Laurence D. Fink, the longtime chief executive of BlackRock, the world’s largest asset manager, urged corporate leaders to assess the societal impact of

If you get a raise, you may not end up in a higher tax bracket. But more of your income may be subject to Social Security taxes. And you’ll probably pay more for health care. You already know that inflation is taking a bigger and bigger bite out of your wallet. Now, it’s going to

Collecting the retiree benefit while earning income gets complicated. Here are some key things to remember. After a long career in marketing for an engineering firm, Jim Keller retired at 63. It wasn’t an abrupt halt — he had the opportunity to phase out of full-time work, and took some consulting gigs. Yet a little

The I.R.S. announced one of its largest increases in decades to caps on retirement contributions, allowing workers with access to the plans to save more. Americans saving for retirement through a 401(k) account will be able to increase their maximum contributions of pretax wages into it by almost 10 percent in 2023, thanks to a

As one of the longest-living yet lowest-earning groups in America, Hispanic women have challenges ensuring that their later years are secure. But things are changing. Before Lupita Uribe married in 2020, she told her husband-to-be that a wedding wasn’t in her future unless he was OK with two promises she had made herself. One: She

Al ser uno de los grupos más longevos pero con los ingresos más bajos en el país, las mujeres hispanas enfrentan grandes desafíos para garantizar sus últimos años. Sin embargo, las cosas están cambiando. Antes de que Lupita Uribe se casara en 2020, le dijo a su futuro esposo que una boda no estaba en

Social Security is funded mainly through FICA taxes on wages — currently 12.4 percent split evenly between employers and workers. In 2022, the tax was collected on the first $147,000 of wages. That amount will rise to $160,200 in 2023. The $13,200 jump in how much of workers’ wages will be taxed is large compared

Social Security, the monthly benefit paid to retirees, disabled people and survivors of beneficiaries, includes an annual cost of living increase that is announced every fall. It helps seniors try to keep pace with the price increases that touch every part of the economy. The adjustment for 2023, of 8.7 percent, was announced on Thursday.

Annual automatic cost-of-living adjustment for Social Security recipients Note: Between 1975 and 1982, beneficiaries received adjustments in July. After 1982, beneficiaries received them in January. Source: Social Security Administration By The New York Times The first automatic annual adjustment to Social Security benefits was paid in 1975, the result of legislation passed by Congress in

After an earlier announcement sent markets into a tailspin, the prime minister and the chancellor are under pressure to restore fiscal credibility. After days of confusion, Britain’s government said on Monday that the date for its next fiscal policy announcement would be moved up nearly a month and that it would provide, at the same

The Bank of England started a bond-buying program last month to stabilize financial markets. But its plan to end the program this Friday is only making investors more nervous. British financial markets plunged into turmoil on Wednesday following mixed messages over whether the Bank of England would continue to provide support to pension funds and

In the final week of its emergency bond-buying program, the central bank is expanding its efforts to restore bond market function. LONDON — The Bank of England stepped up its intervention in Britain’s bond market on Tuesday, the second expansion of its emergency measures in two days, as it warned of a “material risk” to

The cost-of-living adjustment will be 8.7 percent next year, bringing relief to retirees and others who rely largely on the payments. Want to know more about the Social Security cost-of-living adjustment? Personal finance reporter Tara Siegel Bernard will answer some of your questions in the comments of this article. About 70 million Americans collecting Social

The moves at the nation’s largest newspaper publisher include a week of mandatory unpaid leave and voluntary buyouts. The chief executive of Gannett, the largest newspaper publisher in the country, announced widespread cost-cutting to its newsrooms on Wednesday, citing headwinds from the “deteriorating macroeconomic environment.” In a memo to the staff, Mike Reed, the chief

El ajuste por costo de vida aumentará en 8,7 por ciento el próximo año, brindando alivio a los jubilados y otras personas que dependen en gran medida de esos pagos. Unos 70 millones de estadounidenses que cobran el Seguro Social recibirán un aumento de 8,7 por ciento en sus beneficios el próximo año, el mayor

Most Americans finance their retirement with a certain amount of faith: Investing will help their savings keep pace with inflation, institutions will continue to work as they always have, it will all work out in the end. It’s challenging to maintain that optimism in moments like these, when it seems just about everything is at

Women break into their savings to cover all kinds of expenses: home down payments, repairs, medical bills. That can hurt them years later. Vickie Elisa was already playing catch-up with her retirement fund when she withdrew $17,000 to fix a plumbing disaster in her Atlanta-area home. The bleeding from that Roth individual retirement account had

And a SoftBank-backed start up that wants to save your 401(k). Europe finally takes on inflation The European Central Bank increased its benchmark interest rates today for the first time in a decade, as inflation surges across countries that use the euro. The bank’s benchmark interest rates, before the increase, had been a negative 0.5