You can trigger significant tax and other costs when withdrawing money from 401(k) programs before retirement age.

If you’re short on funds and have exhausted other options, you might consider borrowing money from your retirement plan. In some cases, this can be a cheaper alternative than using a credit card or taking out a personal loan. But if you’re not careful, it can cost you.

“As they age into their retirement years, baby boomers have proven reluctant to leave homes where they feel comfortable and where their costs are affordable,” according to the report by financial education specialist Brad Chastain. “The result is that 38% of American homeowners age 65+ have lived in their home for more than 30 years.

Homebuyers, entrepreneurs and public officials are confronting a new reality: If they want to hold off on big purchases or investments until borrowing is less expensive, it's probably going to be a long wait.

As inflation lingers, the Social Security Administration (SSA) is boosting its cost-of-living adjustment (COLA) for benefit checks in 2024. It's just one of many changes announced by Social Security recently.

MANY employees are leaving company benefits on the table.

Maybe it’s simply inertia: Employees simply don’t bother to sign up for all the financial benefits their employers offer. Or they’re overwhelmed by all the choices.