The SECURE 2.0 Act of 2022 introduced major updates to retirement savings, offering greater flexibility for individuals managing their 401(k) plans. These changes, effective in 2024, allow easier access to retirement funds for emergencies and adjust required minimum distribution (RMD) rules. While the updates are helpful, it’s important to weigh the long-term impact of these decisions on your financial future.
AARP Real Possibilities by AARP Michigan is a weekly TV show airing every Tuesday on ABC 53 in Lansing and Jackson at 9:00 am and ABC 4 West Michigan at noon.
AARP can help you stay informed about topics that affect you and your loved ones. Just create an AARP.org account and click to confirm your email address in the follow-up email you receive. You'll be the first to learn about new member benefits, practical resources, and events and programs in Michigan and in your community that empower you to choose how you live as you age.
Former President Donald Trump and Vice President Kamala Harris are tied among voters overall, while Trump holds a 1-point lead over Harris among voters 50-plus
As we look ahead to 2025, Michigan's retirees will see a 2.5% increase in their Social Security benefits, marking a much-needed adjustment to help offset rising living costs. This follows a 3.2% increase in 2024, bringing a continued focus on supporting older adults who depend on these benefits to manage their daily expenses.