Here’s How Much You Should Have Saved for Retirement by Age 60
Most 60-year-olds are standing on the precipice of retirement. This is a happy thought for some who were able to save consistently throughout their careers. For others, it’s alarming as they try to figure out how they’ll get by on little more than their Social Security benefits. The best way to ensure you can afford […]
16 Ins and Outs of Social Security Benefits That All Divorced Spouses Should Know
Divorce is rarely a straightforward experience. There’s bound to be a flurry of emotions. In addition, there are practical issues to work through, like how marital belongings will be divided and where children or pets will reside. Social Security benefits may not be one of your top concerns as you divorce, but it’s good to […]
The Projected 2026 Social Security Cost-of-Living Adjustment (COLA) Just Increased
Recent inflation data has been a bit higher than expected, and this could mean a bigger 2026 Social Security COLA as well. In this video, Certified Financial Planner® Matt Frankel discusses the recent inflation data and what it could mean to your Social Security benefits next year. *Stock prices used were the morning prices of […]
3 Reasons to Claim Social Security at Age 62
If you’ve done any amount of digging into the matter, then you’ve almost certainly been advised to wait as long as possible before initiating your Social Security retirement benefits. After all, while the full retirement age that would secure you 100% of your intended payments is between 66 and 67 — depending on when you […]
Turning 62 in 2025? 3 Important Things You Need to Know
The U.S. doesn’t have an official retirement age. This means that workers can decide to end their careers at whatever point in time they choose. Recent Motley Fool research found that the average retirement age in the U.S. is 62, though. So if that’s the age you’ll be reaching this year, retirement may be on […]
