Key Points Older Americans don’t have very large 401(k) balances on average. You can grow more savings by starting early and investing wisely. If you’re nearing retirement with limited savings, claiming Social Security strategically could help compensate. The $23,760 Social Security bonus most retirees completely overlook › If you’re approaching retirement, you’ve probably wondered whether […]
Key Points If you’re over 50, you’re allowed to make catch-up contributions in a 401(k). Higher earners are now limited to Roth contributions. You may not love losing your up-front tax break, but Roth 401(k)s offer plenty of benefits. The $23,760 Social Security bonus most retirees completely overlook › If you’re over 50, catch-up contributions […]
Key Points Inflation has eaten into Social Security’s purchasing power during the first half of 2026. Retirees are hoping for a large cost-of-living adjustment to offset price increases. Here’s what to expect on Aug. 12. The $23,760 Social Security bonus most retirees completely overlook › Social Security is the cornerstone of many retirees’ budgets. But […]
Key Points Retiring on $750,000 will give you about $30,000 to spend in the first year of retirement. You’ll have Social Security and possibly income from a job to supplement this. Delaying retirement could make sense if you’re worried that $750,000 won’t be enough for you. The $23,760 Social Security bonus most retirees completely overlook […]
Key Points Last year’s Social Security COLA announcement was delayed by the government shutdown. There’s no reason to assume another shutdown will happen this year, but it can’t be ruled out. Even if the 2027 COLA announcement is delayed, that raise will most likely arrive on time. The $23,760 Social Security bonus most retirees completely […]
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Key Points The 2027 Social Security COLA is based on changes in average third-quarter inflation. We’ll get one of the numbers we need for the calculation on Wednesday, Aug. 12. We won’t know the official 2027 Social Security COLA until Oct. 14. The $23,760 Social Security bonus most retirees completely overlook › The 2027 Social […]
Key Points Claiming Social Security could boost your benefits on both a monthly and lifetime basis. Consider waiting if your health is great and your retirement income needs a boost. Also look at holding off if you’re the higher earner in your household and are likely to pass away before your spouse. The $23,760 Social […]
Key Points The 2027 Social Security COLA is expected to be above average at around 3.8%. The COLA is based on changes in average third-quarter inflation data. It may come in lower than expected if inflation decreases over the next few months. The $23,760 Social Security bonus most retirees completely overlook › If you’re hoping […]
Key Points HSAs offer numerous tax benefits for savers. Nonmedical HSA withdrawals can be subject to penalties. You have a lot more flexibility with your account once you turn 65. The $23,760 Social Security bonus most retirees completely overlook › If you have access to a health savings account (HSA), you’ve probably heard that it’s […]
Key Points High energy prices due to conflict in the Middle East will likely lead to a high COLA for 2027. The Senior Citizens League estimates it will be 3.8%, one percentage point higher than in 2026. Social Security benefits have progressively lost their purchasing power over the years. The $23,760 Social Security bonus most […]
Key Points If you save well, retiring at 55 may be feasible. Your savings may or may not be available to you penalty-free. Be sure to plan for high healthcare costs and potentially smaller Social Security checks. The $23,760 Social Security bonus most retirees completely overlook › For many people, working until their 60s or […]
Key Points One rule of thumb says you should have 3 times your salary saved for retirement by age 40. In reality, most savers have far less than this set aside. See if you can increase your contributions or consider adjusting your retirement plan if you’re behind where you want to be. The $23,760 Social […]
Key Points Age 70 is generally considered the latest age to claim Social Security. If you continue to work or return to work, you won’t risk having benefits withheld. If anything, your benefits could get an even bigger boost thanks to your paycheck. The $23,760 Social Security bonus most retirees completely overlook › Although many […]
Key Points Healthcare could end up being one of your biggest expenses once you retire. Being strategic with Medicare could help you lower your costs. Sign up on time, compare available plans each year, and buy supplemental insurance for protection. The $23,760 Social Security bonus most retirees completely overlook › Healthcare is one of the […]
Key Points The Trump administration recently announced the end of a prescription drug subsidy. If you’re among those who will be affected, now is a good time to plan for this change. Taking an active role in this fall’s open enrollment may be especially important to do. The $23,760 Social Security bonus most retirees completely […]
Key Points A stock market crash early in retirement could put you at risk of running out of money down the line. Reducing spending and avoiding panic-selling could help you preserve your savings. Leaning on other income streams is crucial, too. The $23,760 Social Security bonus most retirees completely overlook › Many people spend decades […]
Key Points Retirees can supplement Social Security with part-time work. They can also make investments that will generate passive income or build wealth over time. The $23,760 Social Security bonus most retirees completely overlook › Each month, Social Security pays out benefits to tens of millions of Americans, the vast majority of whom are retirees. […]
Wells Fargo Investment Institute, Inc. reports charging a percentage of the assets they manage for you and commissions.
Note: this firm can be paid commissions on products it sells, which is a conflict of interest worth asking about.
Wells Fargo Investment Institute, Inc. answered yes to 12 of the disciplinary questions on Form ADV Item 11. A disclosure is not by itself a finding of wrongdoing, and it may relate to the firm or to a person associated with it, sometimes many years ago.
Read the full detail in the firm’s official SEC record before drawing any conclusion.
Every figure on this page is taken from Wells Fargo Investment Institute, Inc.’s own Form ADV Part 1 filing with the SEC, last filed March 23, 2026. Retirely does not verify these figures and is not affiliated with this firm. Nothing here is advice or a recommendation to hire or avoid any adviser. Confirm the current record at adviserinfo.sec.gov.