Should You Claim Social Security at the Same Time as Your Spouse? Here’s How to Know.
There are a number of benefits to being married in retirement. For one thing, you get the company of someone else at a time when you're not busy working every...
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3 Types of People Who Should Claim Social Security at 62
Claiming Social Security at 62 is popular strategy because it gives recipients the most checks. At the same time, it reduces the size of their checks by up to 30%....
Annuity Sales Are Breaking Records. Should You Be Buying an Annuity in 2025?
Sales of annuities have been booming in recent years. According to InsuranceNewsNet, "in the first nine months of 2024, total annuity sales increased 23% [year over year] to $331.2 billion...
This Underappreciated Retirement Account Should Definitely Be on Your Radar in 2025
One of the biggest retirement decisions you'll have to make in 2025 is where to put your savings. You have probably weighed the pros and cons of IRAs and a...
Here’s How Much Money Social Security Needs to Avoid Benefit Cuts in 2035
Social Security only has nine years left until it becomes insolvent, and in light of the Social Security Fairness Act's recent passage, that might be too optimistic. The program is...
Delaying Social Security? Here’s Why That’s a Riskier Move Than You’d Think.
There's a reason the decision to claim Social Security is such a difficult one. Though your wage history will help dictate what monthly benefit you're entitled to, your filing age...
This 2025 Medicare Change Could Drastically Reduce Some Seniors’ Out-of-Pocket Expenses
If you're a senior on Medicare, you're probably used to the program changing each year. Often, those changes bring higher deductibles and premiums, and 2025 is no different. Those on...
Oh No! One Report Suggests 45% of Those Retiring at Age 65 Will Run Out of Money. Here’s How to Avoid That Disaster.
Holy moly! Here's some shocking news: According to a report released last year from the Morningstar Center for Retirement & Policy Studies, nearly half -- 45% -- of Americans who...
You Can Tap Into Your Retirement Savings Early for Disaster Relief — but Should You?
The California wildfires have devastated families, businesses, and entire communities. A recent analysis suggests that initial property losses from the fires could be as much as $45 billion. Insurance will...
Part-Time Workers Need to Know About This Important 2025 Retirement Account Law Change
Part-time work offers greater flexibility than traditional, full-time employment, but it comes with its own challenges. Part-time workers typically earn less than full-time workers. This, and the fact that they...
How Much Is the Required Minimum Distribution (RMD) if You Have $750,000 in Your Retirement Account?
Will you be 73 (or older) in 2025? And, do you have any money in a traditional IRA, 401(k), or other workplace retirement account? If you answered yes to both...
2 Social Security Changes That Could Hurt You Financially in 2025
One positive aspect of Social Security is that the program is set up to adapt to economic changes. Each year, for example, Social Security benefits are eligible for an automatic...
Here’s Exactly How the 2025 Social Security COLA Affected Retirement Benefits
Social Security recipients are now seeing the 2.5% cost-of-living adjustment (COLA) reflected in their monthly benefit payments. This is intended to help seniors and other Social Security recipients keep up...
Here’s How Many Americans Are in the ‘Perfect’ Credit Club
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Will President Trump’s Moves in His First Week Back in Office Impact Social Security?
The 45th President of the United States is now the 47th. And he hit the ground running.
This 2025 Medicare Change Took Away a Valuable Benefit for Millions of Americans
Some important Medicare updates took effect on Jan. 1. One of the biggest changes is a $2,000 cap on out-of-pocket prescription drug costs, which could save some households a lot...