Here’s how much Social Security checks could increase in 2018 The Social Security annual cost-of-living adjustment is likely to increase next year because of inflation spurred by the recent hurricanes, according to this article on MarketWatch. The COLA could increase by as much as 2% next year. This means that a retiree receiving $1,360 monthly this year can expect $26.40 more per month or $326 for the entire year.
Which accounts to spend down first in retirement? 4 tips When tapping into retirement portfolio, experts commonly suggest that retirees start with their taxable assets, then their tax-deferred assets such as 401(k)s and traditional IRAs, before touching Roth IRAs and other tax-free accounts, according to this article on Kiplinger. However, withdrawal strategy should be different for every retiree depending on their circumstances. Read the articles for tips on how to develop an effective withdrawal strategy.
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