3 Retirement Realities the FIRE Movement May Not Prepare You For
Retiring in your early 50s or even your 40s might sound like a fantasy to you. But for Financial Independence, Retire Early (FIRE) movement participants, it’s a very real goal. They save aggressively — often more than 50% of their annual income — in the hope they can leave the workforce well in advance of […]
6 Ways to Maximize your 401(k), Even if You Don’t Think You Can Afford To
According to a Bank of America survey conducted last year, 26% of households spend more than 95% of their monthly income on necessities, leaving them very little for discretionary spending or saving. Even if 95% of your income isn’t spent before you receive it, saving for retirement can be challenging, and advice to maximize your […]
Social Security’s Richest Beneficiaries All Understand These 3 Critical Factors for Maximizing Checks
The richest Social Security beneficiaries take home $5,108 per month in 2025. That amounts to nearly $62,000 per year. You may never see anything close to that, and that’s pretty normal. The average benefit as of January 2025 is only $1,979 per month, or a little under $24,000 per year. As you may have guessed, […]
The Early 2026 Social Security Cost-of-Living Adjustment (COLA) Forecast Just Changed, and It Could Pleasantly Surprise Many Retirees
Social Security is the backbone of many seniors’ retirement budgets. More than two-thirds of senior citizens rely on the government program for at least half of their income, according to a survey from The Senior Citizen’s League. With inflation impacting everything from grocery prices to healthcare costs, many seniors have felt the impact on their […]
Social Security Retirees Just Got Great News: Bigger Benefit Payments Are Coming to 3.2 Million Americans in April
Former President Joe Biden signed the Social Security Fairness Act into law on Jan. 5, 2025. The bill was originally introduced in 2023, and it repeals two preexisting provisions that either reduced or eliminated benefit payments for approximately 3.2 million public-sector employees. Consequently, some retirees, spouses, and survivors will receive additional income from Social Security […]
