Late to the Retirement Savings Game? Here’s What to Do.
A lot of people know how important it is to save for retirement but don't manage to get started until they're well into their careers. If that sounds like you,...
News
Retirees in This State May Face an Average Social Security Benefit Cut of More Than $496 in 6 Years
Social Security can't keep going the way it has been for much longer. It's been spending more money than it's taken in since 2021, and now it's only six years...
Here’s the Average Social Security Cut Beneficiaries in Every State Could Face in 6 Years
We're now a little more than six years from a potentially devastating Social Security cut that could shrink average checks by nearly a quarter, and workers and seniors alike are...
Here’s How Much You Can Safely Withdraw From a $1 Million Portfolio in Retirement
Retiring with $1 million is something many people don't come close to doing. So if you've managed to amass an IRA or 401(k) balance that large, you should be proud.
How to Maximize Survivor Benefits If Your Spouse Has Already Claimed Social Security
Losing a spouse is one of the saddest and most stressful things that can happen to someone. Among the many things on a survivor's to-do list are financial matters, such...
Will Social Security Recipients Get a History-Making COLA in 2027? Here’s What the Experts Say.
When the Social Security Administration (SSA) announced that retirees on Social Security would be getting a 2.8% cost-of-living adjustment (COLA) in 2026, a lot of people weren't happy. Many assumed...
The Social Security Trust Fund Could Run Dry by 2032. Should You Rethink Your Retirement Strategy?
Workers in their 50s and 60s may be facing a serious retirement challenge in the near future. Social Security is currently paying out more in benefits than it receives in...
Can You Retire Comfortably on $1 Million? (Hint: Maybe Not)
Having $1 million to your name is a massive accomplishment, and it's one you should be proud of if you've managed it. But it's also important to acknowledge that $1...
Think a Roth IRA Is Your Best Bet for Retirement Savings? Here’s Why It Could Backfire.
Roth IRAs (individual retirement accounts) are often praised as one of the best retirement savings tools available. And the appeal is easy to understand.
This Is 1 of the Biggest Retirement Withdrawal Mistakes You Can Make if You’re Worried About Market Volatility
Retirement can be stressful even when your investments are doing well. Volatile markets can turn what was low-level background anxiety into a recipe for sleepless nights. You're worried about draining...
Worried About Claiming Social Security Too Early or Too Late? This Could Be Your Happy Medium.
You know your age when you sign up for Social Security matters, but once you dig into your options, it's easy to get stuck in analysis paralysis. Claim too early,...
Want Steady Retirement Income? Add This ETF to Your Portfolio and Do Nothing Else
There's a reason retirees are often advised to claim Social Security strategically. Those benefits are a guaranteed source of monthly income, so choosing the right filing age is key.
Saved $750,000 for Retirement? Here’s the Strategy to Prevent it From Running Out
There are plenty of people who reach retirement age without having built up much or any savings. So if you're about to retire and have a glorious $750,000 balance in...
Claiming Social Security Before 2032? Here’s What You Should Know About Its Future.
Retirement planning is full of question marks. You don't know how long you'll live, how much you'll spend annually, or how your health will be. These challenges have been around...
The Social Security Strategy Most Retirees Have Never Heard Of — and Why It Could Be Worth Over $100,000
Claiming Social Security too early without considering your overall financial picture is one of the most common mistakes retirees make. This is especially true for retirees under 65 with substantial...
How Often Should You Apply for a New Credit Card?
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Motley Fool Money...
Social Security Retirees May Be Wishing for Something They Really Don’t Want
Around this time each year, Social Security recipients tend to start looking for clues on a key number -- their upcoming cost-of-living adjustment, or COLA. Who can blame them?