Key Points Housing is most people’s largest monthly expense. Relocating in retirement could give you some more breathing room in your budget. Moving in retirement isn’t right for everyone, and not every move will save you money. The $23,760 Social Security bonus most retirees completely overlook › Watching your savings dwindle is a frightening feeling, […]
Key Points Retiring into a stock market crash can be stressful and, in some cases, risky. Whether you need to delay retirement in that scenario depends on your income plan. If you have enough assets outside the stock market, you may be able to move forward with your original retirement date. The $23,760 Social Security […]
Key Points Over 3.6 million children currently receive some form of Social Security children’s benefits. Adopted children, stepchildren, and dependents of grandparents meet dependency requirements. There’s a maximum amount a single family can receive based on a single person’s earnings record. The $23,760 Social Security bonus most retirees completely overlook › While Social Security is […]
Key Points Current estimates are calling for a Social Security COLA in the 3.4% to 3.6% range. If inflation cools substantially in August and September, it could lead to a smaller COLA in 2027. It’s important not to get hung up on estimates until next year’s COLA becomes official, which won’t happen until October. The […]
Key Points You don’t have to take RMDs from Roth retirement accounts. Doing a Roth conversion can help you reduce your future RMDs. You must pay taxes on the money in the year you do the conversion. The $23,760 Social Security bonus most retirees completely overlook › Ask a group of seniors how they feel […]
Key Points If you’re not happy with your retirement savings, larger Social Security checks could help compensate. Plan to keep working in retirement, even if it’s just a little. Find ways to turn your home into an income stream. The $23,760 Social Security bonus most retirees completely overlook › A lot of people pledge to […]
Image source: Getty Images As of Q2 2026, the average American carries about $6,610 in credit card debt. But that single number hides a big gap depending on when you were born. I review credit cards for a living, and the age breakdown still surprises people. Gen X leads the pack at $9,600 on average, […]
Key Points Australia’s retirement system requires employers to divert a portion of employees’ income to retirement accounts. This could increase retirement readiness, but it would likely reduce your take-home pay. It’s not clear that this type of system will gain any traction in the U.S. The $23,760 Social Security bonus most retirees completely overlook › […]
Key Points At 62, your Social Security benefits will be reduced by 30% compared to waiting until 67. Filing at 62 could be dangerous if you hardly have any savings and expect a long retirement ahead of you. It could also hurt your spouse, who may end up relying on survivor benefits from Social Security. […]
Key Points Social Security benefits are a critical source of income for many older Americans. If you’re 60, you’ll soon be eligible for retirement benefits and will have to make choices that affect your income. You’ll need to understand the types of Social Security benefits available and what affects your benefit amount. The $23,760 Social […]
Key Points The average Social Security retirement benefit would give you roughly $25,000 in 2026. Whether this will cover more than half your expenses depends on your lifestyle. An online tool can help you estimate your future Social Security benefit. The $23,760 Social Security bonus most retirees completely overlook › Social Security was supposed to […]
Key Points While you might spend less on certain expenses in retirement, other expenses could rise. Health issues could lead to larger medical bills. Being home more often could cost you as well. The $23,760 Social Security bonus most retirees completely overlook › You’ll often hear that in retirement, you shouldn’t need as much income […]
Key Points Social Security COLAs are based on inflation data from the third quarter of the year. September’s CPI-W is needed to make a COLA official. All retirees should stay tuned for a big announcement in mid-October. The $23,760 Social Security bonus most retirees completely overlook › If you’ve been following the news on Social […]
When advisors work with couples, the goal is to make both parties feel seen and heard. Yet while many advisors aim to include both clients, this is often easier said than done. One client may be very engaged in the financial planning relationship, and the other may be less enthused by the prospect of meeting […]
Michael Kitces
Key Points Claiming spousal benefits makes you eligible to receive up to 50% of your spouse’s primary insurance amount. Claiming spousal benefits before your full retirement age decreases your benefits by more than claiming standard benefits early. Divorced people are eligible to claim spousal benefits as long as they were married for at least 10 […]
Key Points Most people in this crowd have less saved up than you might guess. These investors also have about as much saved up outside of their 401(k) accounts as they do within their workplace retirement accounts. Wherever you stand in comparison to the average, focus more on you and your situation than where most […]
Key Points By 40, you should ideally be on your way to building a retirement nest egg. If you aren’t happy with your savings balance by 40, some lifestyle changes may be in order. The $23,760 Social Security bonus most retirees completely overlook › Age 40 is when a lot of people experience a financial […]
Key Points Some 65-year-olds have claimed Social Security, but others haven’t yet. Whether you’ve started your benefits already or plan to soon, there are a few key things to know about Social Security. You must understand the rules for Medicare, working while retired, and more. The $23,760 Social Security bonus most retirees completely overlook › […]
