Here’s How Much You’d Need to Put in Your 401(k) to Save $1 Million in 30 Years
Do you dream of becoming a millionaire but fear your average job with its average paycheck just can’t get you there? Don’t be too quick to jump to such a conclusion. Plenty of people have surprised even themselves when their retirement account eclipsed the seven-figure mark. And in such cases, time has often ended up […]
1 Sneaky Factor That Could Slash Your Social Security — and Nearly Half of Americans Don’t Even Realize It
Most retirees lean on Social Security to some degree. According to a 2024 Gallup poll, a whopping 88% of retired U.S. adults say their benefits are either a major or minor source of income. But the program can be confusing sometimes, and some lesser-known factors could reduce your benefits after you begin claiming. In some […]
6 Great Warren Buffett Quotes That All Retirees Should Read
Investors who’ve been in the market for any length of time at all have probably heard at least one or two of Warren Buffett’s top stock-picking tips. And you’d be wise to heed his advice. After all, his Berkshire Hathaway regularly outperforms the benchmark S&P 500. If you embrace his approach, you may well do […]
2026’s Social Security COLA Is Surprisingly Good News for Retirees
Social Security serves as a crucial income for millions of retired Americans. And in a recent Gallup poll, 23% of retirees called Social Security their only major income source. But many retirees have been struggling to make ends meet in recent years. And a big part of the reason boils down to rampant inflation. Where […]
6 Things You Need to Know Before Applying for a Travel Credit Card
Image source: Getty Images Travel credit cards can unlock amazing perks like free flights, hotel stays, and VIP airport lounge access. With so many options available, it’s important to understand what you’re signing up for before you hit “apply.” Looking for a secure place to grow your savings? See our expert picks for the best […]
President Trump’s Potential Changes for Social Security So Far: 3 Things You Should Know
President Donald Trump was sworn into office on Jan. 20, and he has already embarked on an ambitious agenda. With the Trump administration attempting to make significant spending cuts, many retirees might be wondering what the 47th president’s plans are for Social Security, which distributes benefits to tens of millions of Americans each month. Social […]
Will President Trump Renege on His Pledge to Not Cut Medicare? 4 Things to Know.
When Donald Trump ran for a second presidential term, he promised he wouldn’t make any Medicare cuts. He reiterated his commitment after returning to the Oval Office, recently telling Fox News host Sean Hannity that Medicare is not “going to be touched.” However, recent actions taken by the Trump administration have raised concerns for some. […]
Is It Better to Collect Social Security at 62 or 70? A Detailed Study Provides a Clear Answer.
For the average retired worker, Social Security income isn’t a luxury. It represents a financial foundation that they’d struggle to live without. As of 2023, the Center on Budget and Policy Priorities estimated that Social Security pulled 22 million people, including 16.3 million adults aged 65 and over, above the federal poverty line. A separate […]
