Anne Tergesen
speaker
4,485 appearances
83 recordings
1 series
first heard Jul 2017
last heard Feb 2025
Anne Tergesen’s voice in public audio — every appearance, attributed to the second.
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But if you have a pension, then chances are that pension has not kept pace with inflation because private sector companies, their pensions often don't have any kind of cost of living rate.
adjustment.
So you get what you get and inflation will really erode the value of that pension.
Public sector pensions, often there is an adjustment, but sometimes it's capped at like two or three percentage points a year.
So for those people, when you had 9% inflation in 2022, if you're
Public sector pension is rising by 3%.
That's not going to keep you even.
So where retirees have done really well, aside from Social Security, is with investing in stocks.
Stocks have done very well over the last couple of years on average.
Since the pandemic began, both bonds and cash have kind of lagged behind inflation.
Medicare Part B premiums are deducted from Social Security checks for a lot of Social Security recipients.
And so when the Medicare premium rises by a lot, then sometimes it feels like there's not enough left over for people to feel like they've had a meaningful increase.
And this year, the Medicare trustees released a report back in the spring that projected it'll increase to about $185 a month.
And that's up from about $175 a month.
So it's about a $10 increase that they're projecting.
So if you look at, on average, the average Social Security recipient will get a $50 a month increase.
Well, $10 of that is going to be eaten up.
Right, exactly.
A lot of people, especially those who are younger, who have benefited from automatic enrollment and 401k plans, they assume that IRAs work the same and that they might realize, OK, I have to transfer that money.
But once it's in the account, it will be automatically invested for me.
Showing 241–260 of 4,485 · page 13 of 225
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