A Social Security card is displayed on Oct. 12, 2021, in Tigard, Ore. Millions of Social Security recipients will soon learn just how high a boost they'll get in their benefits next year. (AP Photo/Jenny Kane, File)
,

The cost-of living adjustment — the largest in more than 40 years — means the average recipient will receive more than $140 extra a month beginning in January, the Social Security Administration said Thursday.

Bishop Shirley Coleman of the Spiritual Wholistic Ministries of Love & Faith gathers with other religious leaders on Tuesday, Oct. 6, 2020 to promote the “fair tax” amendment. (WTTW News)

In November, Illinois voters will be making a choice about how the state taxes income. But a last-minute lawsuit claims the ballot itself is flawed and is raising questions about how it may impact retirees.

(Ken Teegardin / Flickr)

Nearly three-quarters of registered voters lack confidence that Illinois’ recent budget deal will reduce the state’s long-term fiscal problems, a new poll shows.

(Ann / Flickr)

A proposed new rule backed by the Trump administration would make it harder for nursing home residents to sue in cases of neglect and abuse. We discuss nursing home residents’ right to sue with the AARP.

A proposal from the Department of Labor would hold retirement advisers to what's called a "fiduciary" standard. The goal is to protect investors from advisers with a conflict of interest, but financial companies say the change will be costly and could keep many people from getting retirement advice at all. We'll take a closer look at the proposal.