If You’re Still Doing This With Your 401(k), You Might Need to Fix It ASAP
Whether you’re starting a new job or staying where you work right now, it always makes sense to look at employee benefits you’ve earned. That includes reviewing your 401(k) plan if your employer offers one. If you want to get the most out of your 401(k) account, you obviously need to contribute money of your […]
Enrolling in Medicare? 3 Ways Retirees Can Lower Their Costs
A lot of older Americans look forward to their Medicare enrollment because they assume it’ll mean affordable healthcare from that point forward. In reality, the costs enrollees face under Medicare can be downright astronomical. Fidelity puts the average cost of healthcare in retirement at $165,000 for someone aged 65 retiring in 2024, and that’s just […]
Nearly 4 Million Kids Get Social Security Benefits — Here’s How
Social Security isn’t just for retirees. In fact, nearly 4 million children in the United States receive Social Security benefits. In this short video, Certified Financial Planner® Matt Frankel discusses the three groups of children eligible to receive these benefits. *Stock prices used were the morning prices of Jan. 24, 2025. The video was published […]
Are You Taking Social Security and Worried About the Federal Funding Freeze? Here’s What You Need to Know.
A freeze warning rocked the U.S. this week. And it had nothing to do with the weather. On Monday, the Trump administration issued a memorandum that instructed federal agencies to temporarily pause all grants, loans, and financial assistance. This action almost immediately caused confusion and even chaos. Where to invest $1,000 right now? Our analyst […]
Social Security’s 2025 Cost-of-Living Adjustment (COLA) Is Already Falling Short
For a large share of American retirees, Social Security provides a majority of their income. And for too many retirees, those monthly payments are the only income they have access to. Thankfully, Social Security benefits are raised automatically nearly every year to help them compensate for inflation. Without those cost-of-living adjustments (COLAs), recipients would practically […]
