Retirement

The Secure 2.0 Act provides for direct government contributions to retirement accounts for low- and moderate-income workers, though that won’t start until 2027. Gig economy workers lag behind those with traditional jobs in saving for retirement, but parts of a new federal law can help them catch up. Nontraditional workers — like contractors, freelancers and
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Countries and companies are facing an aging crisis, and experts say policymakers and business leaders need to rethink how they deal with older workers. Aging workers of the world unite.Charly Triballeau/Agence France-Presse — Getty Images The long-life paradox Today’s 5-year-olds have it even better than you think. In the wealthiest nations, more than half of
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Most employers allow you to take funds out of your retirement account, but the withdrawals come with significant downsides. Our columnist discusses other options. Hardship withdrawals from workplace retirement accounts are edging upward — another sign, along with rising credit card debt, that Americans have been feeling financial pain from inflation. “Their budgets are stretched
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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
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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
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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
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The labor market appears hot, but the share of people who are either working or actively looking for a job still hasn’t quite recovered. As the United States emerges from the pandemic, employers have been desperate to hire. But while demand for goods and services has rebounded, the supply of labor has fallen short, holding
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