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The Social Security Administration on Friday announced a 2.8% cost-of-living adjustment for 2026, raising monthly payments for nearly 71 million beneficiaries beginning early next year.
That bump will see the average Social Security retirement benefit rise by about $56 per month, according to the SSA.
Elijah returned to Financial Planning in 2025 after working as a summer intern with FP in 2023. He earned an undergraduate degree from Berea College in Berea, Kentucky, and a master's degree in data … Read full bio
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As costs for care balloon, benefit leaders and employees should be proactive about their retirement saving strategies.
Rising Part B costs will absorb much of Social Security's 2026 cost-of-living adjustment — leaving less room in retirees' budgets.
A comprehensive benefits package, including voluntary benefits, can help employees spend less on medical care and keep their savings intact.
With retirement pressures mounting, Gen Xers and baby boomers are increasing IRA contributions in a bid to catch up, according to a new Fidelity study.
Health benefit costs are set to rise at the fastest pace in 15 years, but there are ways to control costs while supporting employees.
