Late to Retirement Planning? 7 Strategies to Help You Catch Up to Your Peers
If you’re behind in your saving and investing for retirement, you’re not alone. According to the 2024 Retirement Confidence Survey, fully 47% of workers have less than $100,000 socked away, and 29% have less than $25,000. Yikes! Even if you have, say, $500,000 saved, that might be far from enough. After all, if you apply […]
91% of Retirees Today Depend on Social Security. Here’s How to Get More of It.
It’s not a secret that millions of older Americans today collect a monthly benefit from Social Security. But what may be surprising is the number of retirees who depend on those benefits. A good 91% of retirees today need Social Security to stay afloat, according to a 2024 survey by the Employee Benefit Research Institute. […]
Could a Recession Impact My Social Security Checks?
Nobody likes hearing the word “recession.” It’s an economic event that comes with a lot of uncertainty, financial challenges, and overall stress for many people. Recessions negatively impact all types of people, but they can be especially difficult on retirees or those approaching retirement because many rely on fixed income, have less time to recover […]
A New Social Security Law Will Give Some Retirees Over $1,000 More Per Month, but Not Everyone Will See a Change
If you’re on Social Security, you’re probably used to small changes to the size of your benefit checks every year due to cost-of-living adjustments (COLAs). But major changes to those benefits are pretty rare. That’s what makes the recently enacted Social Security Fairness Act such big news. The law, which former President Biden signed in […]
