401(k) Contribution Limits Are Rising in 2025: Here’s What Retirement Savers Need to Know
The last thing you’re going to want to do in retirement is rely too heavily on Social Security to cover your living expenses. For one thing, those benefits will only replace a fraction of your pre-retirement income — about 40% of it, on average. Even more troubling, there’s a Social Security funding crisis looming on […]
3 Little-Known Perks of Having a Credit Score of 800 or Higher
Image source: The Motley Fool/Unsplash Your credit score is a number you may not think about until it’s time to apply for a new loan or credit card. But you should know that once your score reaches 800, your options for borrowing are likely to increase. Experian, one of the three big consumer credit reporting […]
This Age-Old Social Security Rule Could Hurt More Retirees in 2025
Millions of older Americans rely on Social Security to make ends meet in retirement. And for some people, those monthly benefits are their only source of income. If that’s the case for you, then you may not have to pay taxes on the benefits Social Security provides you with. But generally speaking, Social Security benefits […]
Is It Better to Collect Social Security at 62, 66, or 70? A Comprehensive Study of Retired-Worker Claims Provides a Clear Answer.
In September, more than 68 million Americans took home a Social Security benefit, including almost 51.5 million retired workers. Even though the average retired-worker check is a modest $1,921.56, this income has proven vital to the financial well-being of retirees. Based on an analysis from the Center on Budget and Policy Priorities, the poverty rate […]
