Women can experience more challenges saving for retirement than men, and unfortunately, COVID-19 has added even more challenges. According to Transamerica Center for Retirement Studies report Women and Retirement: Risks and Realities Amid COVID-19, women continue to be at risk of saving enough for retirement: 52% experienced impacts to their employment...
The Social Security Administration has again approved a cost-of-living adjustment (COLA) for Social Security benefits starting in January 2021. The increase of 1.3 percent will increase $20 per month for the average American worker and is calculated based on the year-over-year inflation rate. The most significant change to Social...
As we enter a new year, many are hopeful that 2021 will be positively different from 2020 in health, the environment, and the economy. In the wealth management industry, we know things are already different as we see more Americans wanting to plan for their futures. Our parents and...
“If the current annual inflation rate is only 2.3 percent,1 why do my bills seem like they’re 10 percent higher than last year?” Many of us ask ourselves that question, and it illustrates the importance of understanding how inflation is reported and how it can affect investments. What Is...