If You Put Just $100 in Your IRA Every Month for 15 Years, You Could Have This Much Cash by Retirement
I love modeling how small sums invested regularly can snowball into huge sums over time. Why? Because it’s so true — it can really happen to you. Let’s review some scenarios. The table below shows what happens if you invest just $1,200 per year (that’s $100 per month) in an IRA. While the stock market […]
3 Big Social Security Changes We Could See in 2026
We’re only a couple of months into the year, but Social Security has already gotten a pretty significant shakeup with the passage of the Social Security Fairness Act. And it seems more changes could be on the way. It’s too early to say exactly what’s going to happen. But if even one of these things […]
5 Things to Do Immediately if Your Retirement Account Drops Like a Stone
Maybe it’s the old photos of people standing in soup lines during the Great Depression, or perhaps we’re still dealing with what it was like to see bare grocery-store shelves early in the COVID-19 pandemic. Whatever the reason, a lot of Americans are nervous about their finances — specifically, what will happen to their retirement […]
Here’s How Much You’d Need to Put in Your 401(k) to Save $1 Million in 25 Years
Saving for retirement takes decades of consistent work, but it’s more important than ever to have a healthy nest egg heading into your senior years. While the amount you should aim to save by retirement age will depend on your unique circumstances, a common goal is to have a nest egg worth at least $1 […]
3.2 Million Americans Will Get a Huge Social Security Boost This Month
Americans usually only see their Social Security benefits increase in January, when each year’s cost-of-living adjustment (COLA) goes into effect. But for 3.2 million Americans, including many former police officers, firefighters, teachers, other government employees, and their spouses, the next couple of weeks could bring a huge influx of cash and a permanent benefit boost. […]
This Could Be the Most Important Social Security Number You’ll Ever See
Social Security commonly ends up being an essential retirement income source for a lot of older Americans. And you may be planning to have those benefits represent a notable chunk of your retirement income, too. But there’s one important thing you need to know about Social Security before you sign up for benefits. And it’s […]
