A lot of people work really hard to save money for retirement, but then struggle to actually start spending their savings. And a big reason boils down to a fear...
Deciding when to claim Social Security benefits is an important decision most Americans have to make in the years leading up to retirement. In its simplest form, the decision comes...
Close to 25 million millionaires reside in the United States, and the number is growing.
If you receive, or plan to receive, Social Security benefits, you know they will cover only a portion of your living expenses. For the rest, you need more than one...
There are millions of older Americans today who collect a monthly benefit from Social Security. For many of those people, those benefits spell the difference between being able to pay...
Social Security recipients just got a 2.8% cost-of-living adjustment (COLA) for 2026, and we've just received new data from the Social Security Administration. In this video, I'll break down the...
According to the folks at Fidelity, a 65-year-old person who retired in 2025 could expect to spend $172,500, on average, on medical and healthcare expenses throughout their retirement. That doesn't...
With more people claiming Social Security before full retirement age (FRA) -- typically around 67 -- it's no surprise that many remain in the workforce. Here's what you need to...
If you own a tax-deferred account like a 401(k) or traditional IRA, you must begin withdrawing from those accounts the year you turn 73 years old. These are called required...
Last year was a history-maker for Social Security. In addition to celebrating the 90th anniversary since the Social Security Act was signed into law (August 1935), the average monthly retired-worker...
You've probably heard about the importance of saving for retirement for much of your career. And you may have done your best to build a solid nest egg.
We all know that to have a reasonably comfortable retirement, we'll need to save and invest for it. And if you ask folks what they think it will take, many...
Many people love saving for retirement in traditional IRAs or 401(k)s because of the up-front tax break. Shielding some of your income from the IRS could result in lots of...
Squeezing the most money out of Social Security is about doing the right things: working hard, paying Social Security taxes, and claiming at the right time for your age and...
These days, it seems like people talk about inflation the same way they discuss the weather. Just as many of my fellow East Coasters are tired of this annoyingly snowy...
As a Certified Financial Planner® who spent nearly a year studying for the certification exam, I know better than most how many complicated rules retirement accounts can have. Not only...
Since 1965, Medicare has been the U.S. federal health insurance program helping to lower healthcare costs for seniors. To qualify, you must be at least 65 years old or have...
Unless Congress takes action, the Social Security trust fund is projected to run out of money by late 2032/early 2033. While there may be some Social Security recipients who won't...
