FOX BusinessRetirement accounts lose trillions in stock rutverified_publisherFOX Business - Breck Dumas , Jon Michael RaaschWhen investors get their quarterly 401(k) statements in the next few weeks they’ll be hit with some bad news. The S&P 500, the broadest measure of U.S. stocks, is down 21%, the Nasdaq nearly 30% and the Dow 16% so far this year, and Americans are seeing the value of their retirement accounts dwindle …
FOX BusinessInflation could mean highest Social Security cost-of-living adjustment since 1981verified_publisherFOX Business - Megan HenneySocial Security recipients are on track to receive the biggest cost-of-living raise in four decades as white-hot inflation rapidly shrinks the buying power of retired Americans. The Senior Citizens League, a nonpartisan group that focuses on issues relating to older Americans, estimated the …
FOX BusinessSocial Security benefits likely to climb by 8% next year, official saysverified_publisherFOX Business - Megan HenneySocial Security recipients could receive the biggest cost-of-living raise in decades as a result of red-hot inflation, which has quickly eroded the buying power of retired Americans. An official with the Social Security Administration estimated that benefits could see a cost-of-living adjustment as …
FOX BusinessGo-broke dates pushed back for Social Security, Medicareverified_publisherFOX Business - Ken MartinThe time frame for Social Security and Medicare to go-broke has been pushed back, helped by a stronger-than-expected economic recovery from the coronavirus pandemic. The annual Social Security and Medicare trustees report says the Social Security’s trust fund will be unable to pay full benefits …
FOX BusinessBiden admin concedes Chinese investments in federal retirement fund are 'unfitting'verified_publisherFOX Business - Megan HenneyFIRST ON FOX: The Biden administration agreed on XXX that a massive government retirement fund should not invest in Chinese-owned companies after mounting criticism from Republican lawmakers who warned that such a move could potentially channel the savings of federal workers to businesses that pose …
FOX BusinessNew Republican bill would protect crypto investments in retirement accountsverified_publisherFOX Business - Megan HenneyEXCLUSIVE: House Republicans on Friday unveiled a new bill that would prevent the Labor Department from restricting investment options available to employees in self-directed retirement accounts, and would allow Americans to add cryptocurrency to their 401(k) plans if they choose to do so. The …
