Laid off again? You can restart unemployment benefits
Workers who were brought back after initial layoffs due to the coronavirus pandemic are being let go from jobs again. It is possible for those workers to restart unemployment insurance benefits.
Americans will receive more than $1 trillion in Social Security benefits in 2020.
The checks account for a third of the total income of the elderly, making the program an essential part of retiring in the U.S.
The average retiree collects more than $1,500 per month. The size of your check, however, will be based on your income from your working years, the year you were born and your age when you decide to start collecting benefits.
Don’t let these 3 big misconceptions about Medicare ruin your retirement
Most Medicare beneficiaries in a recent survey shared several misconceptions related to enrollment and cost-sharing — which could result in costly mistakes.
Remember: Social Security was not envisioned as your sole source of money for retirement, and the totals are always changing.
So how much should you expect from Social Security if you make $60,000 a year? Watch this video for a breakdown of the amount you will get and how your monthly benefit will be calculated.
More from Invest in You:
How Walmart and other big companies are trying to recruit more teenage employees
Americans are more in debt than ever and experts say ‘money disorders’ may be to blame
How much money do you need to retire? Start with $1.7 million
Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.
- Retiree finances
- Government pensions and social security
- Social Security
- U.S. Social Security Administration
- Retirement planning
Do you understand how your health can affect your finances? Take this quiz to find out
Dr. Carolyn McClanahan shares questions to help you understand how common health issues and health-care policy can affect finances.