3 Little-Known Social Security Rules All Married Retirees Should Know
Couples have a key advantage over single adults when it comes to retirement planning. As long as one person worked long enough to qualify for Social Security retirement benefits, both will receive checks. This can significantly increase the cash available to these households, especially for those who weren’t able to save a lot of money […]
Here’s the Maximum Possible Social Security Benefit at 62, 66, 67, and 70
One of the biggest factors determining your Social Security retirement benefit is how much you earn during your career. A long, high-paying career puts you one step closer to receiving the maximum possible monthly check once you claim benefits. But retirees shouldn’t discount the impact of claiming age in their decision. When you decide to […]
1 Social Security Change in 2025 Every Worker Needs to Know
For many older adults, Social Security makes the difference between enjoying a comfortable retirement and struggling to make ends meet. However, 55% of U.S. adults admit that their benefits are not enough to cover their basic needs in retirement, according to a 2024 survey from the Nationwide Retirement Institute. A separate study from investment management […]
Here’s My Favorite Retirement Account Heading Into 2025 and Beyond
One rule I always follow when it comes to retirement is “It’s always better to be overprepared than underprepared.” Of course, this applies to many areas of life, but it’s especially critical when it comes to retirement finances. One of the surest ways to make sure you’re as financially prepared as possible for retirement is […]
How Much Is the Required Minimum Distribution (RMD) If You Have $500,000 in Your Retirement Account?
Tax-advantaged accounts — think traditional IRAs and employee sponsored plans like a 401(k) — are incredible tools to build wealth over a lifetime — wealth you will need to carry you in retirement. The IRS still wants its cut Since you don’t pay tax on the money going in, you have to pay it on […]
Is President-Elect Donald Trump Going to Change Social Security? History Couldn’t Be Any Clearer.
In November, more than 51 million retired-worker beneficiaries brought home an average Social Security check of $1,925.46. Though this is a relatively modest payout from America’s leading social program, it’s a necessity that helps an overwhelming majority of retirees cover their expenses. Since 2002, national pollster Gallup has surveyed retirees annually to decipher how important […]
This Law Would Expand Social Security Benefits for Millions — but It Comes at a Cost
Social Security’s disappointing 2.5% cost-of-living adjustment (COLA) for 2025 has raised old concerns about its ability to adequately provide for the retirees who spent their careers paying into it. With the program hurtling toward a shortfall in about a decade, the cry for Social Security reform continues to grow louder. So far, bills to alter […]
