Coming Out of Retirement? 3 Hidden Costs You Might Encounter.
Retirement is a period of life many people look forward to. And some people save super aggressively to get there early. But frankly, retirement isn’t for everyone. A lot of people find themselves bored and unfulfilled once they’re no longer holding down a job. And so you may decide to go back to work after […]
3 Required Minimum Distribution (RMD) Mistakes Retirees Make All Too Often
Saving for retirement in a traditional IRA or 401(k) has its benefits. The fact that your contributions are tax-free could make them easier on you financially during the period when you’re trying to build up retirement wealth. But there’s a downside to saving in a traditional retirement plan. Not only will your withdrawal be taxed […]
Will Retirees on Social Security Do Better Financially in 2025 Once Their 2.5% COLA Takes Effect? Here’s What History Says
Last month, the Social Security Administration shared some news that millions of seniors have been waiting for — an official 2025 cost-of-living adjustment, or COLA. Benefits will be rising 2.5% at the start of the new year. And while that’s certainly not the smallest COLA seniors have ever gotten, it pales in comparison to recent […]
