Worried About a Recession? 5 Money Moves All Retirees Should Consider, Just in Case
Recessions can be worrisome no matter when they happen, but they’re especially scary when you’re retired and living off your savings. You may have no other income sources besides your retirement accounts, and they could lose value when you need them most. It’s hard to say when a recession will hit, though rumors are floating […]
How Many People Actually Reach Retirement Age With $1 Million?
Retiring with $1 million is a big goal for many people. Despite the rising cost of living in recent years, $1 million is still a lot of money, and it can support a comfortable retirement for many when you add in Social Security. While reaching millionaire status is becoming more common, it’s still a feat […]
How Much Is the Required Minimum Distribution (RMD) if You Have 1 Million in Your Retirement Account?
Many people aim for the million-dollar mark as a financial milestone, especially when it comes to their retirement savings. The good news is that having $1 million in retirement savings could carry most people through retirement. The not-so-good news is that having it in a tax-deferred retirement account like a 401(k) or traditional IRA means […]
The Social Security Cost-of-Living Adjustment (COLA) Forecast for 2026 Was Just Updated. It’s Bad News and Worse News for Retirees.
Social Security is generally the largest source of income in retirement, but many seniors think benefits have fallen behind inflation. The Motley Fool last year surveyed 2,000 retired workers, and the majority said the cost-of-living adjustments (COLAs) in 2024 and 2025 failed to keep up with rising prices. Unfortunately, beneficiaries will likely receive an even […]
Here’s Why More Retirees Are Paying Taxes on Social Security in 2025
Social Security serves as an essential source of income for millions of retired Americans today. But unfortunately, even people who depend heavily on those benefits don’t necessarily get to keep them in full. That’s because the federal government has the right to tax Social Security. And there’s a good chance more Americans will find themselves […]
