Social Security: Here’s Exactly How Much More You Could Earn at Age 67 Compared to 62
Social Security is critical for millions of older adults, with 43% of baby boomers expecting their benefits to be their primary source of income in retirement, according to a 2024 report from the Transamerica Center for Retirement Studies. Among retired workers, the average benefit across all ages is around $1,925 per month, according to the […]
These 2 States Will Tax Fewer Social Security Benefits in 2025
The average Social Security benefit is expected to be about $1,976 per month for retired workers in 2025. That amounts to about $24,000 per year, but most retirees won’t get to keep that much. For starters, those on Medicare usually have their Part B premiums withheld from their Social Security checks. Then, federal Social Security […]
This Big 401(k) Change Coming in 2025 Could Supercharge Your Savings. Here’s Who Can Benefit.
One of the best ways to save for retirement is to use your company’s 401(k). And it’s about to get even better in 2025. With the turn of the calendar, some employees will be able to save even more using their 401(k). That means more tax savings in 2025 and more tax-free compounding for years […]
Planning to Pass an Inheritance to Your Family? Read This Sage Advice from Warren Buffett, First
This article is intended for educational purposes only and is not legal advice. For guidance on your personal situation, please contact a lawyer. One of the most successful and celebrated stock pickers of all time, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) founder and CEO Warren Buffett, is always chock-full of advice about investing in equities. Start […]
Here’s the Average Social Security Check for All 68 Million Beneficiaries in 2025
For most retirees, Social Security is an indispensable source of income. In each of the last 23 years, Gallup has polled retirees to gauge their reliance on this crucial social program. Consistently, 80% to 90% of retirees have proclaimed their Social Security check to be a “major” or “minor” income source. Considering how important Social […]