Personal Finance

Britons are likely to see pension incomes “stretched even further” over the next 10 years, according to experts.More than one million families in the UK are projected to contain two retired generations by 2034, research by St. James Place has found.This represents a 32 per cent increase on the 813,000 multi-retiree families that currently reside…

Angle down icon An icon in the shape of an angle pointing down. Debra Crockett retired early in the US and moved to Turkey. Debra Crockett Debra Crockett decided to retire early eight years ago and moved from the US to Turkey.Her Social Security checks are enough to cover her basic monthly expenses given the strength of the US…

On the Money is a monthly advice column. If you want advice on spending, saving, or investing — or any of the complicated emotions that may come up as you prepare to make big financial decisions — you can submit your questions on this form. A Vox reader recently wrote in: I am a personal finance teacher in Florida, where the state has…

Bill Ackman has a solution for America's retirement crisis — give $7K to 'every baby that's born in America'They say the best time to start investing was yesterday.What if you could harness the power of compounding even before you understood it or knew what a retirement account is?Billionaire hedge fund manager Bill Ackman once proposed a…

An increasing number of people are worried that they won’t have enough money to live comfortably in retirement, and men aren’t as financially secure as they once were, according to an annual survey from AARP.The AARP Financial Security Trends Survey, conducted in January and released in April, included interviews with more than 8,300 Americans…

My Two Cents Financial-advice columnist Charlotte Cowles answers readers’ personal questions about personal finance. Photo-Illustration: by The Cut;…

Annuities are an essential component of the American retirement system, starting with Social Security. Why, then, do so few Americans understand them?Most of us, it seems, are pretty much clueless about annuities. In one recent study, the American College of Financial Services gave older Americans a score of 12% out of a possible 100% for their…

In less than eight days, a new Social Security payment of more than $4,000 will arrive for eligible seniors nationwide. The Social Security Administration (SSA) just confirmed another round of payments for seniors over 65 who were born between the 1st and the 10th. If you are a retired worker who was born between these dates, check your bank…

Based on inflation, the latest projections for Social Security’s 2025 cost-of-living adjustment, or COLA, put is in the area of 2.6%, or about $45 per month for the average beneficiary.That figure, based on early projections from the advocacy group The Senior Citizens League, is below 2024′s 3.2% and far behind 2023′s historically large 8.7%.…

"It might cost you $70,000 a year to have a middle-class retirement in the United States," Sikes says. "If you have that money in southern Italy, you can live like a king, including renting or purchasing a property."If you're hoping to retire in style while keeping costs low, a European retirement may be right for you. But as you begin searching…