Savings Programs News Today

Lawmakers rejected an effort by the Mills administration to scale back the expansion, preserving benefits for an estimated 45,000 newly eligible low-income Mainers.

Lawmakers rejected an effort by the Mills administration to scale back the expansion, preserving benefits for an estimated 45,000 newly eligible low-income Mainers.

With poverty rising among older Americans and the cost-of-living still a challenge for those living on a fixed income, the National Council on Aging (NCOA) is raising awareness this month about the $30 billion in benefits that eligible older adults leave unused each year because they don't know about these assistance programs or how to apply.

Dear Savvy Senior: Does Medicare offer any financial assistance programs to help seniors with their medication costs? I recently enrolled in a Medicare drug plan, but I take some expensive

JIM MILLER

Several states have automatically enrolled hundreds of thousands of workers in retirement savings accounts.

Low-income individuals and those with multiple Medicare plans may need help paying for their monthly Medicare premium. Find assistance programs here.

Social Security is an important financial backstop for American retirees, but it's not enough to fund a comfortable lifestyle in and of itself. As of Sept. 2023, the average retiree benefit was just...

As expected, many of the costs of Medicare experienced an increase based on the COLA for next year.

Loretta Day was facing a financial emergency. The Delta Air Lines flight attendant’s daughter was moving apartments and needed quick cash for a deposit – but did not have enough in savings. Day transferred $850, her daughter moved into her new apartment – and she immediately started building those emergency savings back up, with $50 from each paycheck, along with some additional matching funds from Delta.