Didn’t Get Your Social Security Fairness Act Benefit Increase Yet? Here’s When to Expect It.
During his final days in office, President Joe Biden signed the Social Security Fairness Act, which increased the federal retirement benefits of 3.2 million U.S. seniors. If you’re among them, you’ve probably eagerly awaited the adjustment to your checks, which may amount to as much as $1,100 more per month for some retirees. As of […]
If I Were Applying for Social Security in 2025, I’d Do These 3 Things ASAP
Applying for Social Security isn’t just an exciting milestone; it’s an important strategic decision that will determine how much money you get from the program. You want everything to go smoothly so you can get as much as possible and start receiving checks promptly. To pull this off, you need to lay some groundwork before […]
When to Start Taking Social Security: These Are the Only 4 Ages I Would Ever Consider
One of the biggest decisions seniors will make when it comes to retirement is when to start taking Social Security. Most people become eligible for those benefits when they turn 62, and that is by far the most common age at which to file for them. That’s actually a great option for some seniors, but […]
Best Places to Invest if Your Employer Doesn’t Offer a Retirement Plan
We hear a lot about the value of employer-sponsored retirement plans, but what if you’re self-employed or your employer doesn’t offer such a plan? Here are some of the best options currently available. Image Source: Getty Images. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best […]
Over 55 With Little Saved for Retirement? 7 Steps to Take Today.
A recent AARP survey showing that 61% of adults 50 or older worry they won’t have enough money to support themselves in retirement is cold comfort if you lie awake at night, concerned about your situation. But whether you’re 50, 55, or older, there is good news: There are steps you can take to improve […]
3 Essential Things to Know About Medicare Ahead of Retirement
It’s not an uncommon thing to have your health insurance coverage tied to your job. So when you leave your job for good to retire, you might also lose your health benefits. That’s why Medicare is so important for retirees. Without it, the cost of health insurance later in life could be astronomical. Where to […]
This Is Exactly How Much Americans Think They’ll Need to Retire
How much money do you need for a comfortable retirement? Americans have agreed on a number. According to Northwestern Mutual’s Planning & Progress Study for 2025, the magic number is $1.26 million. This is actually down $200,000 from the $1.46 million that Americans thought they’d need for their senior years in 2024. It’s also on […]
Social Security’s 2026 Cost-of-Living Adjustment (COLA) May Surprise Retirees for This Reason
When the Social Security Administration announced this past October that retirees would be getting a 2.5% cost-of-living adjustment (COLA), many seniors were disappointed. And that was understandable. A 2.5% raise isn’t particularly generous, especially in light of recent Social Security COLAs that have been far more robust. Meanwhile, inflation has cooled modestly since the start […]
3 Lessons for Retirees After Trump’s First 100 Days in Office
President Trump recently marked 100 days in office, and after weeks of stock market turbulence, many older adults are feeling unsure about what the next four years might spell for their retirement. To be clear, we’re in uncharted territory in many ways right now. Nobody knows where the market or economy might stand in a […]
Is It Better to Collect Social Security at 62, 67, or 70? A Detailed Study Offers a Clear Answer.
In March, more than 52 million retired workers brought home an average Social Security check of $1,997.13. While this is a relatively modest monthly sum, it’s proved vital to helping retirees make ends meet. In each of the previous 23 years, pollster Gallup has surveyed retirees to determine how reliant they are on the Social […]
