Social Security Cuts Don’t Have to Wreck Your Retirement. Here’s How to Save $1 Million So You’re Less Reliant on Benefits
There are a lot of rumors flying around about Social Security’s finances — and not all of them are true. The idea that the program is going broke, for example, is a big misconception. Social Security can’t go broke, due to the fact that it’s funded by payroll taxes. So as long as there’s an […]
Social Security Benefit Cuts Are Coming, and President Donald Trump’s Popular Proposal Would Speed Things Up
In April, nearly 52.6 million retired workers brought home an average Social Security check totaling $1,999.97. While a $2,000 monthly check might not sound like a lot of money, no social program has consistently played a more vital role in pulling seniors above the federal poverty line and helping them make ends meet than Social […]
3 Questions Retirees Should Ask Before Retiring in a Bear Market
You’ve dreamed of retirement for years, and that day has nearly arrived. However, you’ve hit a bump in the road. Recent upheavals in the market have left you wondering if now is the right time to say goodbye to the job for good. If you’re worried about whether you’re ready for retirement or concerned the […]
The 4 Most Important Takeaways From Trump’s Proposed IRS Overhaul
The Trump administration recently released its tax and spending bill, titled “The One, Big, Beautiful Bill.” Of course, the most significant part of the tax plan is to make the tax cuts enacted during Trump’s first term permanent. These provisions, such as the higher standard deduction and generally lower marginal tax rates, went into effect […]
Have $100,000? Here Are 4 Ways to Grow That Money Into $1 Million for Retirement Savings.
Got $100,000 saved up? If so, congratulations! You’re doing great. But, let’s face it — that’s not going to fund the kind retirement you’re likely envisioning for yourself. You’ll probably need something closer to $1 million (10 times your current stash) to achieve the financial freedom you want to enjoy in your golden years. So […]
Social Security Call Wait Times Average About 90 Minutes. Take That Time Back by Doing This 1 Thing.
Over the last few months, the Trump Administration’s Social Security changes have led to some confusing back and forth about whether it’s possible to apply for benefits and make account changes over the phone. The good news is, these are still options as the rules currently stand. The bad news is that as of right […]
These 3 Mistakes May Be Getting in the Way of an Early Retirement
Some people want to retire early to escape stressful careers. Others simply want to know they’ve got a good amount of time to enjoy the freedom of not having to report to a job. No matter your motivation for wanting to retire early, it’s a goal that may be attainable through diligent saving and thorough […]
Here Are the Maximum Possible Social Security Benefits at 62, 67, and 70
You could argue that Social Security is the most important retirement-related program the U.S. offers. As of April, over 52 million people receive retired workers’ Social Security benefits, with many relying on it for a nice chunk of their retirement income. Where to invest $1,000 right now? Our analyst team just revealed what they believe […]
If You’re Between the Ages of 60 and 63, Don’t Miss This Retirement Rule Change for 2025
Saving for retirement while you’re young is a tall order, especially when you’re earning a low salary and trying to pay for current expenses. Things can get a bit easier as you age because most people tend to see their salaries rise over time. But then you can run into a new issue. It’s not […]
Aiming for the Max Social Security Benefit? Here Are 3 Things to Know
Social Security has been the most important social program for American retirees for decades. Workers pay Social Security payroll taxes year after year with the expectation of receiving a guaranteed income in their retirement. Considering how important Social Security is to retirees, it makes sense that people would aim to receive as much as they […]
