5 2025 Medicare Changes Every Retiree Should Know
A new year often means adjusting to a new health insurance plan with a different set of benefits and costs. Those on Medicare aren’t exempt from this. Original Medicare’s cost and coverage change annually. This affects how much you pay and the type of supplementary insurance you may want. Ideally, you reviewed these changes during […]
Retirees Could See Their Social Security Slashed by $4,000 Per Year by 2035. Here’s Why.
Millions of Americans rely on Social Security, but many are also concerned about its dependability going forward. 60% of current retirees say their benefits are a major source of income, according to a 2024 poll from Gallup. 43% of Americans worry “a great deal” about the future of Social Security, the poll found, and 47% […]
Claimed Social Security at 62? This Little-Known Rule Could Help You Avoid a Major Cut to Your Monthly Benefits.
There’s a reason so many people rush to file for Social Security at 62. That’s the earliest age you’re allowed to sign up for benefits. And it’s easy to see why many folks would rather get their money sooner rather than later. Of course, claiming Social Security at 62 means settling for a reduced benefit. […]
7 Facts About Social Security All Americans Should Know
Do you know what the average American’s Social Security benefit is? Or why the program is facing financial trouble? In this short video, I discuss seven important Social Security facts that you should know. *Stock prices used were the morning prices of Jan. 15, 2025. The video was published on Jan. 15, 2025. Start Your […]
Paying Taxes on Social Security Benefits: 3 Pitfalls for Retirees to Avoid in 2025
Social Security is one of the foundations of most Americans’ retirement planning. In an annual poll from Gallup, 60% of retirees said Social Security is a major source of income, and another 28% said it played a minor role in their budget. Keeping as much of your Social Security benefits as you can is essential […]
Donald Trump and Social Security: 10 Things You Need to Know
For most retirees, Social Security is more than just a monthly check. Even though the average Social Security check in 2025 is a modest $1,976 per month for retired workers, it represents a financial foundation that many beneficiaries would struggle to live without. For 23 consecutive years (2002 through 2024), Gallup has surveyed retirees to […]
3 Reasons Not to Increase Your 401(k) Contributions in 2025
The start of a new year is a great time to hold yourself accountable for meeting financial goals. And one of your goals may be to increase your retirement savings rate. If you have a 401(k) plan through your job, you might assume that pumping more money into it is your best bet for 2025. […]
