Suze Orman Says a $2 Million Retirement Nest Egg Is Chump Change. Is She Right?
Most of us are not independently wealthy, so if we’re on the ball, we’re busy saving and investing in order to build nest eggs to support us in retirement. Many people are shooting to retire with $1 million, while others suspect that $1 million won’t be enough and are shooting for, say, $2 million. How […]
The 2025 Social Security COLA Was Announced in October. Here’s What That Means for Retirees.
The annual Social Security cost-of-living adjustment, or COLA, is based on third-quarter inflation data, so it was officially announced in October when the last of the official CPI data from the third quarter was released. Now that 2024 is almost over, it’s important to consider how the announced COLA will actually impact the finances of […]
This Social Security Mistake Is All Too Common, and It Could Cost Retirees Thousands of Dollars
Gallup earlier this year reported that 80% of surveyed adults worry Social Security will not be available when they retire. Similarly, Nationwide Retirement Institute reported that 72% of surveyed adults are concerned Social Security will run out of funding in their lifetime, and 23% believe they will never see a dime in benefits. In both […]
Start 2025 Off Right — by Making These 9 Smart Moves
If you want to look back on 2025 with great satisfaction, here are some financial moves you might make now or soon: 1. Get out of debt It’s hard to get ahead if you’re paying 15% or 25% in interest while aiming to earn 8% or 10% on investments. So aim to get out of […]
Got a New Job for 2025? 3 Essential Retirement Moves to Make Now
January and February are when companies tend to hire the most, according to Indeed, so now’s a great time to put your application out there if you’re looking to make a change in 2025. Obviously, finding a job that aligns with your skillset and your priorities will be top of mind. Then, once you get […]
