7 Medicare Myths You Should Know About
Signing up for Medicare once you turn 65 may not be as exciting as applying for Social Security checks, but it’s significant nonetheless. Medicare will likely play an important part in covering your healthcare costs for the remainder of your life. You’re not alone if you find it confusing, though. The ins and outs of […]
Tempted to Borrow From Your 401(k)? 4 Things to Consider Instead
If you find yourself in a financial pinch, you may be tempted to borrow from funds you’ve steadily tucked away in your employer-sponsored 401(k) plan. While some 401(k), 403(b), and 457(b) plans allow participants to borrow from their accounts, that’s not the case for all plans. It’s up to the sponsor to determine whether to […]
Tariffs to Taxes: How President Donald Trump’s Policies Could Impact Your Social Security Benefits
One of the top issues during Donald Trump’s 2024 U.S. Presidential campaign was Social Security. He promised to protect the benefits program for seniors. He said eliminating waste and fraud throughout Social Security, Medicare, and Medicaid will strengthen the program. Many seniors, however, are worried about the longevity of Social Security. As things stand, the […]
3 Steps to Take to Collect the Max $5,108 Monthly Social Security Check in Retirement
It was never meant to be the entirety of anyone’s retirement income. Still, a handful of people are collecting surprisingly sizable Social Security benefits. This year’s maximum monthly payment stands at a solid $5,108, versus a much more modest average of $1,976 per month. This sweeping disparity raises a two-part question: What did the crowd […]
Don’t Need Your Required Minimum Distribution (RMD) Just Yet? Here’s What You Can Do With the Cash Influx
Are you fortunate enough to not yet need the withdrawal from your retirement account that the IRS is forcing you to take at some point during the year ahead? If so, congratulations! And don’t sweat it. You’ve got several options for this money whenever you get it. Here’s a closer look at the four top […]
You’re Probably Thinking About Social Security All Wrong
I was talking to some friends recently about retirement savings and how it was kind of a drag to be parting with 20% of my income month after month. One friend commiserated, but a few of my friends made comments along the lines of “What savings?” The thing is, these friends of mine are decent […]
What Happens When You Hit an 850 Credit Score? The Truth in 2025
Image source: Getty Images If you’ve reached an 850 FICO credit score, congrats — you’ve achieved credit score perfection. But now that you’ve hit that top-tier number, you might be wondering: What now? Looking for a secure place to grow your savings? See our expert picks for the best FDIC-insured high-yield savings accounts available today […]
Ray Dalio Predicts Possible “1930s-Like” Economic Disruption. 5 Essential Safeguards for Retirees in Uncertain Times.
When Ray Dalio speaks, people listen. At least, they probably should listen. Dalio founded the super-successful hedge fund Bridgewater Associates. His net worth stands at roughly $14 billion. He has studied the financial markets for decades and even predicted the 2008 financial crisis, warning in 2007 about serious risks in the financial system. Where to […]
3 Reasons It Makes Sense to Borrow From Your 401(k) and 4 Reasons It’s a Terrible Idea
The dos and don’ts of life are rarely black and white. What’s right for one person may not be right for another. That’s certainly the case with borrowing from a 401(k). Ideally, no one would ever need to borrow from their retirement account, but that’s not realistic. Here, we look at three reasons a person […]
Have $100,000? Here Are 2 Ways to Grow That Money Into $1 Million for Retirement Savings
The great Charlie Munger, who died in 2023 and formerly served as Berkshire Hathaway’s vice chairman, always gave blunt financial advice to investors seeking his wisdom. One key piece of advice was to find a way to save $100,000 to invest. “The first $100,000 is a b****, but you gotta do it,” he once said […]
