Cooling inflation and a recent stock market surge have delivered a welcome comeback for many retirement savings accounts.
Toss in the 8.7% increase in the Social Security cost-of-living adjustment (COLA) in January for beneficiaries' monthly checks, and the retirement landscape for retirees perked up in 2023.
What’s changing for retirement in the coming year? Spoiler alert: Inflation adjustments and the phase-in of the retirement law Secure 2.0, signed by President Joe Biden at the end of 2022, will have major ramifications.
Here’s a snapshot of what’s ahead for retirees in 2024.
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