Key Points A 401(k) is a valuable tool for building retirement savings and, for many, their largest investment account. The average 401(k) balance differs greatly from the median balance. The $23,760 Social Security bonus most retirees completely overlook › It is very hard to avoid comparing yourself to others, even though it can be harmful […]
Key Points Social Security is primarily funded by payroll taxes. There’s a limit as to how much income the program taxes each year. Social Security’s wage cap is likely to rise in 2027, and some workers could feel the pain. The $23,760 Social Security bonus most retirees completely overlook › At this point, a lot […]
By The White Coat Investor, originally published at The White Coat Investor. By Jim Dahle, WCI Founder <!–Moderation in all things is a good way to live your life. This certainly applies to the Roth contribution/conversion dilemma, the most complicated question in personal finance and investing. Anyone who thinks this is an easy issue really […]
The White Coat Investor
Key Points The coming annual cost-of-living adjustment will be confirmed near the end of next month. Following last week’s release of August’s inflation data, a couple of forecasts for 2027’s COLA have recently been updated. The implied number is certainly close enough for Social Security recipients to start thinking about even before the official number […]
Key Points You have the choice to claim Social Security between the ages of 62 and age 70. The age at which you make your claim will affect the amount of benefits you collect. If you wait to claim your Social Security benefits, you’ll increase the amount you can collect. The $23,760 Social Security bonus […]
Key Points Don’t assume you won’t have to pay for Medicare. Know that the timing of your enrollment matters. Recognize that Medicare may not pay for all of the health services you need. The $23,760 Social Security bonus most retirees completely overlook › Once you turn 65, you may have a whole new option for […]
While financial advisors often have discretionary control over a client’s entire investment portfolio, sometimes new clients enter an advisory relationship with large, ‘legacy’ positions that they do not want (or are not able) to liquidate. For instance, the client might own a significant number of shares in a closely held business, hold a large position […]
Michael Kitces
Key Points Social Security is facing serious financial trouble in the coming years. A Trump administration policy moved up the date of trust fund depletion. The policy change could be a backdoor cut to Social Security by starving it of much-needed revenue. The $23,760 Social Security bonus most retirees completely overlook › Social Security is […]
Key Points Social Security COLAs are based on third quarter inflation data. While September’s data isn’t in yet, readings from July and August are pointing to a large 2027 boost. While a giant COLA might seem like a positive thing, it will come at a cost. The $23,760 Social Security bonus most retirees completely overlook […]
By Ben Carlson, originally published at A Wealth of Common Sense. Some notable market moves we’ve experienced this year: Mortgage rates have gone from 6% to 7%. The 10 year Treasury yield has gone from 4% to 5%. The inflation rate was 2.4% earlier in the year. Now it’s 3.4%. Oil prices have shot up […]
Ben Carlson
Key Points HSAs make it easy to save for healthcare costs in a tax-friendly manner. Taking a non-medical HSA withdrawal can trigger a costly penalty. Once you reach a certain age, that penalty goes away. The $23,760 Social Security bonus most retirees completely overlook › If you’re nearing retirement with a huge balance in your […]
By Nick Maggiulli, originally published at Of Dollars And Data. A few months ago, I analyzed U.S. stock returns over the last century. Today, I’m going to determine the best portfolio over the last 50 years among the following asset classes: U.S. Stocks International Stocks Real Estate Investment Trusts (REITs) U.S. Corporate Bonds 10-Year Treasury […]
Nick Maggiulli
Key Points Social Security’s annual cost-of-living adjustment is determined by inflation data from July, August, and September. Retirees just received the second critical data point for the COLA. The $23,760 Social Security bonus most retirees completely overlook › Although inflation remains stubbornly high, Social Security retirees can take some solace in knowing they will likely […]
Key Points Medicare open enrollment starts on Oct. 15 and continues through Dec. 7. It’s an opportunity for current enrollees to make coverage changes. Even if you’re happy with you Medicare plan, it pays to see what options you have. The $23,760 Social Security bonus most retirees completely overlook › By mid-October, a lot of […]
Key Points Social Security benefits are an important source of income but the rules can be confusing. If you don’t understand how your benefits work, you could end up costing yourself money. This can be an especially big issue the first year if certain Social Security rules catch you off guard. The $23,760 Social Security […]
Welcome everyone! Welcome to the 507th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Carolyn McClanahan. Carolyn is the founder of Life Planning Partners, an RIA based in Jacksonville, Florida, that oversees $300 million in assets under management for 65 client households. What’s unique about Carolyn, though, is how she […]
Michael Kitces
Key Points Following inflation data from August, Social Security’s upcoming COLA projection has shifted upward. Many seniors are hoping to see a much larger raise. A giant COLA is a sign that inflation is picking up, which isn’t helpful to retirees. The $23,760 Social Security bonus most retirees completely overlook › If someone were to […]
Key Points The average is bigger than you might expect, although most people in this peer group have saved up much less than the average. The real surprise is how much less Generation X has saved in their retirement accounts outside of workplace retirement plans (compared to baby boomers). Although it’s an interesting reference point […]
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