Should I Start Taking Social Security Now at 67 After Losing My Job?
The loss of a job later in life can be a tough blow. It’s never an easy thing to suddenly find yourself without an income. However, if you lose your job when you’re in…
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Maurie Backman
Is SPHD a Good Retirement Investment for Boomers?
There’s a huge difference between building an investment portfolio for retirement and maintaining an investment portfolio in retirement. When you’re in the process of building retirement wealth, it makes sense to load up…
You Won’t Believe How Many Americans Retire With $1 Million or More
Retiring a millionaire isn’t what it used to be. Living costs have risen substantially over the years. So now, while a $1 million nest egg certainly does not make you poor, it doesn’t necessarily…
If Financial Advisors Are So Good, Why Don’t They Just Invest for Themselves?
For some reason, people tend to be skeptical about financial advisors. They might say it doesn’t make sense to pay for a financial advisor when you could put your money to work on…
What I Learned Trying to Factor Social Security Into My Retirement Plans
Social Security is an extremely important income source for many retired Americans today. Unfortunately, a lot of retirees rely too heavily on Social Security. And a result, many are struggling financially. In this…
I Took Social Security at 67 and Kept Working: Does That Boost My Benefits?
Some people stop working completely the moment they retire. But it is not unheard of for retirees to hold down a part-time job or start a business, and there can be real perks to…
Should I Only Use Interest From My $1.2 Million Inheritance For Family Expenses?
It’s not such an uncommon thing to be the recipient of an inheritance. But it’s certainly not so common to receive $1.2 million after a loved one passes away. That’s the situation this…
Would Lifting the Social Security Cap Really Solve Half of the Funding Problem?
If you’ve heard rumors that Social Security is on the verge of going bankrupt, you’ll be happy to know they aren’t true. Social Security is facing a revenue shortfall in the coming years…
Is Contributing 50% of My Salary to My 401k a Smart Move?
It’s not a given that you’ll have access to a 401(k) plan through your job. But if your company does offer one of these plans, there can be benefits to signing up. In…
I’m Using My ULTY Dividends to Buy Berkshire Stock – Where Are You Reinvesting Yours?
One of the nice things about investing in assets that pay dividends is seeing your portfolio generate income passively. The dividends you can collect are yours to control. You can cash them out,…
Why I’m Holding VOO in My Retirement Portfolio for Decades
I’ve been saving for retirement since my early 20s — not because I preferred making 401(k) contributions over taking vacations and hanging out with friends, but because I knew how important it was…
Can You Retire on Investing Just In the S&P 500?
It used to be a common thing for employers to offer pensions. This really took the pressure off of retirement savings for workers. You could show up to your job every day, stay with…
2026’s COLA Is Coming — And It Might Be Good News for Baby Boomers
At this stage of the year, seniors on Social Security tend to get a little antsy waiting for news of their upcoming cost-of-living adjustment, or COLA. The reality is that many baby boomers…
I Invested Another $250,000 in ULTY – Is My Half-Million Position Too Risky?
Sometimes, when you stumble upon an investment that seems to be doing well for you, it can be tempting to keep buying more of it. That’s the situation for this Reddit poster. The…
3 Investing Mistakes Baby Boomers Can’t Afford to Make
When you’re in the process of growing wealth for retirement, it’s important to make sure you’re investing your money strategically. With the right approach, you could, for example, turn $100,000 into $1 million…
Baby Boomers Can’t Retire On Dividends Alone — You Will Need to Do This
Once you retire, you may end up getting a lot of your monthly income from Social Security. But those benefits should not be your only income stream by any means. Many baby boomers…
I Changed My Social Security Direct Deposit to PayPal – Where’s My Payment?
If you’re someone who relies heavily on Social Security, you probably cannot afford to have a gap in payments. This Reddit poster is in that very situation, and they’re clearly worried. They visited…
Claim Social Security at 62? One Expert Says ‘Yes’ — But Only If You Do This
Deciding when to claim Social Security can be tricky. Although the monthly benefit you get in retirement is based on your earnings history, your filing age will help determine how large or small…
Why Investors Should Load Up on REITs Before the Fed Lowers Rates
Interest rates have been elevated since the start of the year, and many consumers are unhappy about that. Although higher interest rates can mean better returns in savings accounts and CDs, they can…
3 Financial Moves Baby Boomers Should Make Before the Fed Lowers Rates
Interest rates have been frustratingly high for consumers this year. And a lot of people are in a holding pattern on major purchases, like homes and automobiles, until rates come down. President Trump…