increasing Archives - DR News - News, Retirement, Finance

Maximizing Social Security Benefit: A Comprehensive Guide to Calculating and Increasing Retirement Payments

Planning for retirement often involves calculating how much you can expect from Social Security benefits. In January 2024, the maximum benefit at full retirement age is $3,822 per month, although the actual maximum can be even higher. To determine the maximum benefit, one must consider various factors, such as the age at which one files for benefits. For instance, those who file at the earliest age of 62 can expect a maximum benefit of $2,710 …

Rising Health Care Costs in Colorado: How much are health care costs increasing and why is no simple answer

DENVER, Colorado – Health care costs are on the rise, leading to some astonishing bills for patients in the state. According to the Center for Improving Value in Health Care in Denver, prescription drug payments by patients and health insurers in Colorado skyrocketed by 97% between 2013 and 2020, and overall health care payments per person averaged $7,200 in 2020, representing a 27% increase from 2013. The portion paid out-of-pocket by patients with commercial insurance …

Retirement Savings for Americans Act Gains Big-Name Endorsements Amidst Concerns Over Increasing Target Savings

Denver, Colorado – The dream of retiring comfortably is becoming increasingly unattainable for many Americans, as the perceived amount needed for a comfortable retirement continues to rise. According to a recent survey by Charles Schwab, the latest target amount for retirement savings is $1.8 million, up from $1.7 million the previous year. However, only 37% of workers believe it is very likely they will reach this goal. The survey highlights the growing pressure on individual …

Lawmakers Considering Increasing Oversight of Indiana Economic Development Corp Amid Growing Bipartisan Frustration

INDIANAPOLIS, Indiana – Indiana lawmakers are exploring the possibility of increased oversight of the Indiana Economic Development Corp. as frustration with the agency grows on both sides of the political aisle. Both Republican and Democratic legislators have raised concerns about the lack of transparency and oversight regarding the IEDC’s activities, especially in relation to the development of the LEAP Innovation and Research District. The creation of the 9,000-acre tech hub in Lebanon, designed to attract …