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" Johnson - 1 Johnson - 1 Lisa Featherngill - 1 Featherngill - 1 Kelly LaVigne - 1 You've - 1 LaVigne - 1
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Istock - 1 Getty - 1 Security COLA - 1 Social Security - 1 Senior Citizens League - 1 Urban - 1 Clerical Workers - 1 CPI - 1

Search resuls for: "Lisa Featherngill"


2 mentions found


☆ Here's why Social Security cost-of-living adjustments may be smaller in 2025 and beyond
  + stars: | 2024-03-15 | by ( Lorie Konish | ) www.cnbc.com   time to read: +3 min
Peopleimages | Istock | Getty ImagesEarly estimates for the 2025 Social Security COLANew government data points to a 2.4% Social Security cost-of-living adjustment for 2025, The Senior Citizens League estimates, based on new government inflation data released this week. The Social Security Administration typically announces the cost-of-living adjustment for the following year in October. In the meantime, experts say there are steps retirees can take to help compensate for the prospect of lower benefit increases. Annuities, which provide fixed income in retirement in exchange for a lump-sum investment, can be one way to supplement a retiree's income, LaVigne said. Consult with a financial advisorBefore purchasing an annuity or other retirement income strategy, it helps to consult with a professional.
Persons: " Johnson, Johnson, Lisa Featherngill, Featherngill, Kelly LaVigne, You've, LaVigne Organizations: Istock, Getty, Security COLA, Social Security, Senior Citizens League, Urban, Clerical Workers, CPI, Comerica Wealth Management, Social, Allianz Life Locations: Winston, Salem , North Carolina
☆ Historic rate hikes mark the largest 6-month increase in 41 years: What you should do with your money
  + stars: | 2022-09-23 | by ( Ryan Ermey | ) www.cnbc.com   time to read: +4 min
U.S. Federal Reserve Board Chairman Jerome Powell pauses during a news conference after Federal Reserve raised its target interest rate by three-quarters of a percentage point in Washington, September 21, 2022. You'd have to go back to 1981 to find a six-month period when interest rates rose more. With more interest rate hikes on the rise, it's worth reviewing how they affect your finances and how financial experts say you can best adjust your saving, spending and investing strategies. "You are peddling into a progressively stiffer headwind as interest rates rise," Greg McBride, chief financial analyst at Bankrate, told CNBC. Up the interest rate you're getting on cash in the bankOne silver lining of a rising rate environment is that it becomes more lucrative to save.
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