This Was the Average Social Security Benefit in 1965, and Here’s What It Is Now
A lot has changed since 1965. Cellphones didn’t exist, gas was around $0.30 per gallon, and the federal minimum wage was $1.25 an hour. Aside from inventions, price changes, and major cultural shifts, Social Security has also had its fair share of changes, including the average monthly benefit. The average Social Security retired worker’s monthly […]
If You Put Just $500 in Your IRA or 401(k) Every Month for 30 Years, You Could Have This Much Cash by Retirement
I love what-if financial scenarios — where you figure out what would happen if, say, you invested a certain sum regularly over a long period. I’ve made many charts over the years, in fact, showing various scenarios for articles I’ve written. I think I love these tables because they offer the kind of information that […]
Social Security: 3 Reasons Not to Wait Until 70 to Claim Benefits
There’s a reason some older Americans opt to wait until age 70 to sign up for Social Security: Filing at that age means locking in a boosted monthly benefit — for the rest of your life. But while claiming Social Security at age 70 can be financially advantageous, it’s not the right move for everyone. […]
