5 Strategies for Avoiding RMD Errors
If you’ve been tucking money away into a traditional IRA, SEP IRA, SIMPLE IRA, or employer-sponsored plan like a 401(k), you’ll eventually have to take required minimum distributions (RMDs) and pay taxes on the money withdrawn. Generally, RMDs kick in the year you turn 73 (or 75, if you were born in 1960 or later). […]
Try These 3 Moves to Beat the $1,981 Average Social Security Benefit
You hope to retire comfortably someday, but saving money on your own for retirement can be tough to pull off while also juggling your current expenses. You’ll likely have Social Security checks to fall back on, but these may not go as far as you’d think. The average monthly benefit for retired workers was just […]
Retiring at 60? 3 Pitfalls to Be Mindful Of.
Early retirement can mean different things to different people. For some, it means ending their careers at 45. For others, it means stopping work at 52. It can be difficult to retire before age 59 and 1/2 because that’s when you’re first allowed to tap an IRA or 401(k) plan penalty-free. So if you’re planning […]
Here’s the Median Down Payment on a Home in 2025
Image source: Getty Images The median existing-home price as of February 2025 is $398,400, according to the National Association of Realtors (NAR). And as of late 2024, first-time home buyers were paying a median 9% down, while repeat buyers were paying 23% down. Looking for a secure place to grow your savings? See our expert […]
Late to Retirement Planning? 4 Strategies to Help You Catch Up to Your Peers.
There’s been a financial retirement crisis in the United States for years. At age 65, the typical American has just $200,000 saved across their household. This crisis could get worse over the coming years as post-pandemic inflation has ballooned key living expenses, such as rent and groceries. Where to invest $1,000 right now? Our analyst […]
One Credit Card Tip That Nobody Tells You
Image source: Getty Images When people talk about smart credit card habits, you usually hear the same advice: pay your bill on time, don’t carry a balance, and don’t max out your card. Looking for a secure place to grow your savings? See our expert picks for the best FDIC-insured high-yield savings accounts available today […]
Worried Social Security Will Run Out of Money? Here’s Why It Can’t.
Social Security has been in the news quite a bit since the start of the year. Part of that stems from the fact that changes are happening at the Social Security Administration in the wake of the Department of Government Efficiency’s involvement. There’s also been a change to the program thanks to the Social Security […]
