Retirees Are Overlooking a Powerful Roth Conversion Opportunity
If you spent many years saving for retirement, you may finally be gearing up to start enjoying your money. But if you don't need everything you've saved, you may want...
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What Happens to Social Security Benefits if the Trust Fund Runs Short in 2033?
If you've kept an eye on the news lately, you've probably heard that Social Security is in big trouble. Its Old Age and Survivor Insurance (OASI) trust fund is expected...
3 Social Security Myths That Are Costing Retirees Money Right Now
Most people think a high income is the key to a large Social Security benefit. While there's definitely truth in this, it's not the full story. Your Social Security checks...
The Biggest Retirement Income Mistake Isn’t Claiming Social Security Early
If you've spent any time reading about retirement planning, you've probably heard some warnings about claiming Social Security too early. And you may be inclined to wait until full retirement...
How to Coordinate RMDs With Other Retirement Income to Minimize Taxes
Anyone who is (sensibly!) socking money away for retirement in tax-advantaged retirement accounts such as IRAs and 401(k)s should learn more about Required Minimum Distributions (RMDs). That's because some forms...
This Hidden Retirement Tax Trap Could Raise Your Medicare Premiums
Accumulating a large balance in an IRA or 401(k) is a good thing in theory. But once you turn 73 (or 75), depending on your age, there's a problem.
Why 2 Retirees With the Same Work History Can Get Completely Different Social Security Checks
The Social Security benefits formula bases your benefits on average wages earned during the course of your career. Specifically, you get benefits based on a percentage of your highest 35...
I’m Retiring With $300,000. How Am I Supposed to Not Run Out of Money?
As always, The Motley Fool cannot and does not provide personalized investing or financial advice. This information is for informational and educational purposes only and is not a substitute for...
The Surprising Reason Large 401(k) Withdrawals May Get More Expensive Starting at Age 63
Withdrawing a lot of money from your 401(k) at age 63 could be a much costlier move for one simple reason: IRMAA. IRMAA stands for "income-related monthly adjustment amount." It...
What Is the Required Minimum Distribution (RMD) for a $600,000 Retirement Account?
Tax-deferred accounts like traditional IRAs and 401(k) plans let workers reduce their taxable income (by saving pretax dollars) in the present in exchange for paying income tax on the contributions...
Social Security Recipients Could See Bigger 2027 COLA Boost Than Expected
In 2026, Social Security beneficiaries received a 2.8% cost-of-living adjustment. This was higher than the COLA from the year prior but significantly below some of the other adjustments in the...
A Major Social Security Deadline Is Approaching Faster Than Many Americans Realize
If you're counting on Social Security to help fund your retirement, here's some good news: Despite the rumors you may have heard, Social Security is not going bankrupt.
This Social Security Mistake Could Lead to Losing 50% of Your Benefits
If you're under your full retirement age (FRA), you must alert the Social Security Administration if you plan to work and collect Social Security retirement benefits at the same time...
Will a 2026 Fed Interest Rate Increase Help or Hurt Retirees?
Inflation isn't running as hot as it was a few years ago. But it's still above the level the Federal Reserve would like to see.
How to Build a Retirement Income Plan That Lasts Through a High-Inflation Decade
If you're not factoring inflation into your retirement planning, you'll be kicking yourself years down the road. Even if inflation remains around average -- very roughly 3% -- for the...
Social Security COLA Boost for 2027: How Much Extra Cash You Could Receive
Inflation is rampant. That matters, because most investors are also consumers who pay for things like food, gasoline, and electricity. Officially, the Bureau of Labor Statistics reports that May's prices...
The Social Security Timing Mistake That Can Be Hard to Undo
For many people, claiming Social Security benefits early (ahead of their full retirement age or even before age 70) ends up being a mistake and a decision they regret.
Want Guaranteed Income in Retirement? Here’s How to Get It.
Retirement can be a vulnerable time in your life. You're no longer working -- and may not even be able to work if you wanted to. You still have expenses,...