
How Federal Reserve Rate Cuts Impact Retiree Finances
A look at how Federal Reserve interest rate adjustments affect retirees on fixed incomes, from savings accounts and annuities to investment portfolios.
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A look at how Federal Reserve interest rate adjustments affect retirees on fixed incomes, from savings accounts and annuities to investment portfolios.
A key advocacy group projects a 2.7% Social Security COLA for 2026, which would raise the average monthly benefit by about $54 before healthcare deductions.
Warren Buffett warns against any cuts to Social Security benefits, as projections show a potential 21-24% reduction for retirees by 2033 without legislative action.
New data reveals a slowdown in consumer spending as persistent inflation erodes savings and forces households to prioritize essential goods over wants.
Eligible New Jersey homeowners and renters will begin receiving Anchor tax rebate payments on September 15, with benefits reaching up to $1,750.
The 2026 Social Security COLA is projected at 2.7%, but a forecasted 11% hike in Medicare Part B premiums could erase most of the increase for millions.