Here’s How Much Saving 10% Per Year Would Give the Average American in Retirement
Estimating your retirement needs can be complicated, so it’s not surprising that people look for mental shortcuts to make it easier. One of these shortcuts says you should save 10% of your annual income for retirement. Like most rules, its effectiveness depends on several factors, like your income, your life expectancy, and the kind of […]
Planning to Work While Claiming Social Security Early? Brace Yourself for This.
You can’t claim Social Security retirement benefits until you turn 62, but there’s no rule saying you have to be retired to do so. Many Americans choose to receive benefits while they’re still working. For some, it’s a chance to enjoy a higher standard of living than they could off their paychecks alone. For others, […]
Retiring in 2025? 3 Important Moves to Make Now
Retirement is the largest financial goal most people will ever have. We tend to focus on the dollar amount you need to cover your costs, but there’s more to it than that. You need a strategy for balancing your immediate financial needs with your long-term goals. You have to decide which accounts are best for […]
3 Ways a Solo 401(k) Can Save Your Retirement
Owning a business is no joke. As the boss, you’re responsible for ensuring customers are happy, taxes are paid, and your competition is in the rearview mirror. As challenging as it may be to be a solo business owner, though, the benefits can be pretty sweet – including the chance to change the course of […]
5 Little-Known Tricks to Upgrade to Business Class Without Paying Full Price
Image source: Getty Images Flying business class is a game-changer. Extra legroom, tasty meals, priority boarding, and lie-flat seats can make any trip feel like a luxury experience. But with business class tickets often costing thousands of dollars, upgrading might seem out of reach. Looking for a secure place to grow your savings? See our […]
This Is the Average 401(k) Balance by Salary — Plus 1 Nearly Effortless Way to Save More
Contributing to a 401(k) is one of the easiest and most effective ways to save for retirement. The 401(k) offers a contribution limit of $23,500 per year in 2025, compared to just $7,000 per year for IRAs. When you set up direct transfers from your paycheck straight to your 401(k), you can also set your […]
President Donald Trump Wants to Change Social Security, but It Comes With a Potentially Big Cost to Retirees
When 2025 began, nearly 52 million retired workers were bringing home an average monthly check of $1,975.34 from Social Security. Though this might sound like a modest amount of income, it’s often a necessity to help aging Americans make ends meet. For 23 years, national pollster Gallup has conducted an annual survey to gauge the […]
