3 Required Minimum Distribution (RMD) Rule Changes That Happened This Year
Tax-deferred investment accounts and retirement plans like 401(k)s are an incredible tool to help build the wealth you need to carry you through your golden years. These accounts allow you to avoid paying taxes on what you invest up front. In turn, you pay taxes when you withdraw funds from them. In order to ensure […]
Spousal Social Security Benefits: 4 Things All Retired Couples Should Know
Many people view Social Security as a plan that forces individuals to save for their retirement. That view is mostly correct. Employers must contribute to the retirement savings of their workers, too. There’s also a twist to Social Security that allows spouses to claim benefits based on their husbands’ or wives’ benefits. How do these […]
This Flaw in the Social Security Benefit Calculation Will Cost Retirees $120 on Average in 2025
In just a few weeks, retirees will get their first Social Security benefits with the 2025 cost-of-living adjustment (COLA) included. This will raise the average check to $1,976 per month. It’s less than what many were hoping for, especially after three years of above-average COLAs, including a whopping 8.7% increase for 2023. Many argue the […]
