How changes in Social Security, Medicare, taxes, and more will affect your finances Published by: AARP Year-to-year changes in areas key to retiree life — Social Security benefits, Medicare premiums, tax and savings policies geared for older adults — can greatly impact that balance, especially as they interact with economic shifts such as higher inflation […]
7 Ways Retirement Will Be Different in 2024 Read More »
Dec. 31 makes a difference for many money decisions Published by: AARP Sometimes we forget to think things through before wrapping up our financial year. That’s why AARP is offering this unusual year-end advice list to retirees: financial moves you should not make before the end of 2023. Much of the list is solid advice
9 Financial Moves to Avoid Before the New Year Read More »
COLA boosts benefits by 3.2%, but Medicare premiums are also going up Published by: AARP The cost-of-living adjustment (COLA) gets the headlines, but multiple aspects of Social Security change annually to reflect national trends in prices and wages, affecting the benefits paid to tens of millions of Americans and the taxes paid by nearly all
Biggest Social Security Changes for 2024 Read More »
You may be able to get breaks for being a veteran or a senior Published by: AARP Many counties and cities have additional property taxes on top of the statewide rate. How much you pay in property taxes depends on the value of your home, your state’s property tax rates, and any exemptions you may
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IRS tax code offers perks to taxpayers of a certain age Published by: AARP If you’re 50 or older, there is one benefit to reaching this milestone that you may be overlooking: tax breaks aimed right at you. Now you can contribute more to your Roth or traditional individual retirement account (IRA), to your employer-sponsored
Tax Breaks After 50 You Can’t Afford to Miss Read More »