CNBC
Weekend Reading: An 85-Year Harvard Study on Happiness Found the No. 1 Retirement Challenge That ‘No One Talks About’
Your happiness in retirement doesn’t stem solely from financial stability. According to a Harvard Study originating in 1938, the main challenge people face in retirement is often the loss of social connections that work once provided.
Weekend Reading: Here's What to Know About Your 2022 Medicare Costs
In addition to a higher COLA for Social Security benefits this year, you can also expect a hike in certain Medicare costs.
Weekend Reading: Congress Has a New Plan to Fix Social Security – How It Would Change Benefits
If you haven’t heard, Social Security trustees now state benefits will deplete to 78 percent in 2033 if no action is taken. As a result, Democrats are attempting to find a fix that both parties can agree on.
Weekend Reading: Here Are the Changes That Could Be Coming to Your Social Security Benefits
Rumors of Social Security going bankrupt often swarm the financial world. However, in reality, benefits are set to decrease to 78 percent (in 2034 to be exact), and lawmakers will more than likely step in and make a move far before then.
Weekend Reading: Democratic Lawmakers Want to Expand Medicare. Here Are the Gaps in Coverage and Other Costs to Know
Here’s a shocker for many pre-retirees: Medicare isn’t free. Not only that, but it can often come along with unexpected costs.