The New Senior Tax Deduction Has an Unintended Consequence for Social Security
Seniors filing their 2025 tax returns could pay a lot less than they have in years past, thanks to the new senior tax deduction worth up to $6,000 per person....
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Why Waiting Until 73 to Plan for RMDs Could Cost You
For many retirees, turning 73 brings a new and unwanted financial milestone -- the start of required minimum distributions, or RMDs. If you have your retirement nest egg in a...
Should You Take Your First RMD in 2026 or Wait Until April 2027? The Tax Trade-Off Explained
Accounts like 401(k)s and traditional IRAs have up-front tax breaks that allow you to deduct your contributions from your taxable income. In return, you're required to pay taxes on the...
6 Reasons You Should Give Your Teenager a Credit Card
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Thinking of Switching to Medicare Advantage? Read This First.
There's a reason a lot of retirees opt to sign up for Medicare Advantage instead of sticking with original Medicare. Actually, there are several reasons.
This Is Why Some Credit Card Payments Take Days to Post
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Here Are the Top 5 Safest Cities to Retire in 2026
When most people picture their retirement, they think about healthcare, housing costs, and whether they can afford to eat out once a week. Those things matter. But there's one factor...
The Spousal Social Security Benefit Rule Couples Get Wrong Most Often
It's a nice thing to retire with a spouse. Sure, you might get on each other's nerves from time to time if you're both home frequently. But when you're not...
Can Retirees Claim the New Senior Tax Deduction Even if They Aren’t on Social Security?
President Donald Trump campaigned on a promise of eliminating taxes on Social Security benefits. When the One Big Beautiful Bill Act was passed, he declared that this promise had been...
Maxed Out Your IRA? Here’s What to Do Next.
A lot of people struggle to save for their post-working years. Recent Motley Fool research found that only 39% of Americans ages 18 to 29, for example, have retirement savings.
Is a Sub-6% Mortgage Rate Enough to Make Buying in Retirement Worth It?
Thirty-year mortgage rates recently dropped below 6%, which raises the question of whether a sub-6% rate is low enough to make buying a home a smart move in retirement. The...
Inherited IRA in 2026? The 10-Year Rule That Could Change Your Entire Distribution Strategy.
Losing a loved one can be a devastating experience. Even if you're in line for a nice inheritance, that doesn't make up for the absence of an important person in...
Should the Higher-Earning Spouse Always Delay Social Security? What the Math Shows.
In some ways, claiming Social Security can be trickier for couples than for singles. When you're single, you have to think only about your own needs. And you're dealing with...
How Married Couples Can Collect Up to $10,362 a Month in Social Security in 2026
The average retired worker receives about $2,076 per month from Social Security, according to the most recent data from the Social Security Administration. This implies that the average married couple...
Here’s Why Americans Are Switching Back to Simple Credit Cards
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Motley Fool Money...
Traditional IRA vs. Roth IRA: Which Is the Right Choice for You?
Saving for retirement shouldn't be an afterthought; it's a necessity. And one of the best ways to do so efficiently is to take advantage of retirement accounts, which offer tax...
Are You Making These 3 Common Required Minimum Distribution (RMD) Mistakes?
Many Americans prioritize socking away money for retirement while they're working. After they retire, though, the focus shifts to using the cash from their tax-advantaged accounts most effectively.
How to Protect Your Social Security Spousal Benefits
On its face, Social Security spousal benefits appear straightforward. You're married to someone who earns more money than you, and you plan to claim Social Security spousal benefits so you...