2 Problems You Might Run Into if You Try to Live Off Social Security Alone
Saving for retirement is tough, and you’re not alone in worrying about not having enough money to cover your expenses. You’ll have Social Security to count on if you worked at least 10 years or are married to someone who did. But it’s important to have a realistic idea of how far those benefits will […]
If You Put Just $500 Into Your IRA Every Month for 20 Years, You Could Have This Much Cash by Retirement
One of the best things you can do for your retirement savings is to start saving and investing as early as possible. Even consistently investing relatively small amounts can add up to a lot over time, thanks to compound earnings. In investing, compound earnings occur when the money you earn on an investment begins to […]
President Trump and Medicare: 3 Things You Should Know
From Day 1, President Donald Trump has embarked on an ambitious agenda calling for swift policy changes on a range of matters from government spending to trade policy. Additionally, the U.S. House of Representatives passed a budget resolution that many believe could lead to cuts to Medicaid, the federal-state health program that helps pay for […]
Here’s How Far the Average Spousal Social Security Check Goes in Retirement
Social Security retirement benefits can go a long way toward helping you pay for your retirement expenses, but to qualify for them, you need to earn at least 40 work credits. One credit is defined as $1,810 in earnings in 2025, and you can earn a maximum of four credits per year. If you stayed […]
Not Happy With Your Medicare Plan in 2025? Here’s What to Do
There’s a reason older Americans are commonly drawn to Medicare Advantage plans. Not only do Medicare Advantage plans put a cap on out-of-pocket spending (which original Medicare doesn’t do), but they commonly offer supplemental benefits beyond what original Medicare covers. For example, if you need a dental cleaning and you’re enrolled in original Medicare, you’re […]
Social Security Retirees Just Got Bad News From Washington
President Trump returned the White House for a second term less than two months ago, but he has already signaled a dramatic shift in Washington’s trade policy. Specifically, the Trump administration has imposed or plans to impose numerous tariffs, including the following: A 10% tariff on goods imported from China was implemented on Feb. 4, […]
Is Taking Your Required Minimum Distribution (RMD) in March a Good Idea?
Your retirement savings belong to you, but as long as you keep them in a tax-advantaged retirement account, the Internal Revenue Service (IRS) still gets some say in what you do with them. The IRS can require you to withdraw money from your savings each year or face steep tax penalties. These mandatory annual withdrawals […]
