The 8% Retirement Rule: Freedom Sooner or Risk Too High?
Saving for retirement is not an easy thing to do. But finding the money for retirement savings is only half the battle. You’ll also need to invest your money so it grows into…
All Work
Maurie Backman
This Is the Change Social Security Retirees Will Be Most Excited About Next Year
October could potentially be a huge month for Social Security. If things go off without a hitch, the Social Security Administration is scheduled to announce a number of key changes to the program…
These Workers Will Have to Pay Higher Social Security Taxes Next Year. Here’s Why
There are millions of older Americans today who rely on Social Security for income. But the money to fund Social Security has to come from somewhere. And in case you weren’t aware, that…
How Much Will Your Social Security Benefits Be After Your 2026 Raise?
If you’re someone who relies heavily on Social Security benefits in retirement, then you’re probably eager to find out what your 2026 COLA, or cost-of-living adjustment, will amount to. Each year, Social Security…
Social Security’s Biggest Announcement of the Year is Coming This Month
There are millions of older Americans who collect benefits from Social Security each month. And while some of those people have outside income they can rely on, like IRAs or 401(k) plans, for…
We’re in Our Mid-50s With $2 Million in Our 401(k) and a $120k Pension Per Year: Are We Good to Retire?
Early retirement looks very different at 55 than at 35. With $4.5 million across a 401(k) and brokerage account, plus a $120,000 pension starting in 2026, this mid-50s poster has a strong case for…
2 Policy Changes Americans Need to Fix Social Security
These days, millions of older Americans collect a benefit from Social Security each month. And for many retirees, that benefit is the only income they have to live on. Now the reality is that…
Dave Ramsey: Don’t Use Your 401(k) to Pay Off Your House
A lot of people don’t save a dime for retirement and wind up having to live on Social Security alone once they stop working. So if you’re someone with money in a 401(k), you’re…
What Happens to My House If I Die Without a Will and My Wife Is Not on the Mortgage?
Just because two people are married and share a home does not automatically mean they’re both the legal owners of that home. In a situation where only one spouse is on the deed…
Is Selling My $1.1 Million Rental Properties for Dividend Stocks Insane?
Many people dream of building a large investment portfolio that generates passive income. That portfolio can consist of different types of assets, from stocks to bonds to real estate. That said, some people…
Millennials Seek Financial Advice at Age 29, Nearly a Decade Earlier Than Gen X
Millennials tend to have a certain reputation. The media likes to portray them as an entitled generation of people who care more about gourmet food and hipster fashion than their finances. In reality,…
75% of Americans With a Financial Advisor Say They’ll Be Ready for Retirement, Only 45% Without
One of the trickiest things you might have to do during your career is prepare for the end of your career. It’s not an easy thing to save and invest consistently for retirement.…
My Dad Passed and Left Us $4 Million Each, My Step Sister Wants Some of Mine
Some parents plan carefully to leave a generous inheritance to their children, but that does not obligate them to leave money to every child. A recent Dave Ramsey caller named Jared from Phoenix received…
Americans With Advisors Save Twice as Much for Retirement, Study Finds
There are many American retirees today who get all of their income from Social Security. Unfortunately, people in that situation don’t tend to be very financially stable. The average Social Security recipient today…
Financial Anxiety Drops in Half for Those Who Work With Advisors
Some people are just more naturally anxious than others. But if you’re someone who tends to experience financial anxiety, you know how troubling it can be. Financial anxiety can take on different forms.…
I’m terrified my dad will face a huge tax bill after he withdrew $200,000 from his 401k – What should I do?
The purpose of building a retirement nest egg is to have money to spend later in life. But it’s important to manage your 401(k) plan withdrawals carefully for a few reasons. First, if…
Baby Boomers On Social Security Have Just Days To Pay Attention To This
We’re reaching a point during the year when it’s (sadly) time to say goodbye to summer and gear up for fall. For older Americans, this is a very crucial time of the year.…
VOO Vs VOOG: What’s a Better Pick for My Retirement Portfolio?
Retirees are often advised to limit risk in their portfolios. And there’s a good reason for that. It’s one thing to be invested heavily in riskier assets when you’re in the process of…
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…
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…