How to Build a Million-Dollar Roth IRA if You Start Investing in 2025
As the new year begins, you’re probably thinking about financial goals you want to tackle in 2025. While you’re at it, why not think long-term and add retirement planning to the mix? If you can carve out room to contribute to an individual retirement account — like the coveted Roth IRA — your future self […]
Worried About Social Security? Here Are 3 More Sources of Retirement Income in 2025
Social Security might cut you a check every month during retirement, but you probably shouldn’t count on it being enough to maintain your lifestyle. As of November 2024, the average retired worker pulls in about $1,925 a month from Social Security — that’s just over $23,000 a year. While that average benefit may increase over […]
President-Elect Donald Trump’s Tax Cut Proposals Come With Unforeseen Consequences for Social Security
For more than eight decades, Social Security has been providing a financial foundation for aging workers who could no longer do so for themselves. Even though the average retired-worker benefit for 2025 is estimated to be a modest $1,976 per month, Social Security income has played a key role in dramatically lowering the senior poverty […]