President-Elect Donald Trump Is Probably Already Done Paying His 2025 Social Security Taxes While You Pay All Year. Here’s Why
Say what you will about President-elect Donald Trump, but I think we can all agree he’s richer than most of us could ever dream of becoming. His 2024 financial disclosures reported more than $160 million in income from his Miami golf course and another $56 million from Mar-a-Lago. Add in a few other golf courses, […]
Here’s Exactly Who Qualifies For the Max $5,108 Social Security Benefit in 2025
Social Security is designed to supplement your personal retirement savings, but for many, it represents the majority of their household income in old age. The Social Security Administration estimates that half of households with someone age 65 or older get 50% or more of their income from the government program. As such, it’s important to […]
How Much Is the Required Minimum Distribution (RMD) if You Have $250,000 in Your Retirement Account?
One thing is certain about the IRS: It is going to collect taxes. Retirement accounts like 401(k)s and traditional IRAs allow you to take a tax break up front, but the IRS will be patiently waiting to tax withdrawals you make from these accounts in retirement. To avoid a situation where someone who may not […]
3 Ways to Boost Your Retirement Income Without Holding Off on Claiming Social Security
“Good things come to those who wait.” You’ve undoubtedly heard that adage many times. It’s often true. And the old saying definitely applies to anyone contemplating early retirement. Waiting to claim Social Security until your full retirement age (or, even better, until age 70) will increase your retirement benefits. Start Your Mornings Smarter! Wake up […]
Social Security’s Income Inequality Problem Is Worsening — but Taxing the Rich Isn’t the Cut-and-Dried Solution It’s Made Out to Be
For tens of millions of retired Americans, Social Security provides an indispensable source of income. Although the average monthly retired-worker check in 2025 is a modest $1,976, more than two decades of annual surveys from Gallup have found that Social Security is needed by 80% to 90% of retirees to cover their expenses. Considering how […]
