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If you have your retirement savings in a traditional IRA or 401(k) plan, you'll eventually have to start taking required minimum distributions (RMDs). But those can be a huge hassle.
Although retirement accounts like 401(k)s and traditional IRAs allow you to deduct your contributions from your taxable income, you don't get to avoid taxes altogether. You're responsible for paying them...
One of the best things about Social Security benefits is that they tend to increase every year, via cost-of-living adjustments (COLAs), helping you keep up with inflation. Without these increases,...
If you're nearing 65, here's a word of warning: Medicare is confusing! There are so many options and so many price points that it's tough to keep them all straight...
Even if you manage to retire with decent savings, you might need your Social Security benefits to cover a good chunk of your retirement spending. So it's important to make...
It's impossible to deny the role 401(k)s have played in retirement savings. For example, when Fidelity Investments reviewed its clients' 2025 accounts, it found that 512,000 of them had become...
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April is National Social Security month. That makes sense, since the Social Security Administration recalculates our benefits based on the tax documents most of us file in April.
Any investor who's going to be 73 years old or older at any point in 2026 probably already knows they're required to take taxable distributions from ordinary IRAs and 401(k)...
Social Security provides retirement income to more than 60 million Americans. It's the most popular federal program, based on a survey conducted last year. But Social Security can be confusing.
Last year was a history-maker for America's leading retirement program, Social Security. Not only did 2025 mark the 90th anniversary of the Social Security Act being signed into law, but...
Many Americans reduce their tax obligations during their working years by contributing to tax-deferred retirement accounts. However, the federal government eventually collects taxes by making retirees take required minimum distributions...
Medicare is often seen as a safety net that makes healthcare more affordable in retirement. But for many higher-income retirees, that assumption doesn't always hold true. Depending on your income,...
The reality is, it's never a good idea to withdraw money from a retirement account without a clear plan in place. And the best way to come up with a...
Healthcare costs are one of the biggest wild cards in retirement. They can also be extremely difficult to plan for.
Social Security benefits play a key role in the retirement income of millions of Americans. That's why it's beneficial to get an idea of how much you can expect to...
The 2025 tax filing deadline has come and gone, but you may still have some lingering questions about your latest return. This is especially common if you're a senior who...
