Here’s the Average IRA Balance by Generation
Many workers opt to save for retirement in a 401(k) or other workplace plan if they have access to one. But an IRA has its place in your savings strategy too. It’s a great alternative if you don’t have access to a workplace plan, and it gives you greater freedom to invest how you want. […]
3 Important Changes Coming to Social Security in 2025 Everyone Must Know
The clock is ticking on politicians in Washington to make major Social Security reforms. Without changes to the program, the Social Security Board of Trustees expects to deplete the trust fund by 2033 as outflows continue to exceed inflows. At that point, inflows from Social Security tax will only support 79% of benefits due to […]
Will Donald Trump Solve Medicare’s Biggest Problem in 2025?
Burdensome regulations. Immigration. Inflation. The Russia-Ukraine military conflict. Threats to the U.S. dollar. Trade imbalances. Those are some of the issues President-elect Donald Trump has promised to address in his second term. But what about a federal program that covers more than 66 million Americans and faces a looming crisis? Will Trump fix Medicare’s biggest […]
Social Security’s Max Benefit Is Climbing in 2025, But You Still Need to Check the Same 3 Boxes to Get It
Social Security’s maximum benefit will reach a record $5,108 per month in 2025. This is the first time any retiree will take home more than $5,000 per month from the program. But only a select few will receive anything close to this amount. Achieving the maximum Social Security benefit in any year requires you to […]
