Saving a lot of money at a young age can set you up for future financial success. In fact, if you have a lot of money invested when you are young, compound interest alone…
The ratio of workers funding each Social Security beneficiary has plunged since 1960. Social Security may be curtailed in 2032 or 2033, unless Congress acts to prevent it.
One way to extend the lifespan of Social Security is to waive the taxes on Social Security payments. The math is complex and the political trade-offs are real, but the urgency has never been…
No matter where you go online, there is a better-than-good chance that you will see the 4% rule come up around the idea of retirement. This is basically the prevailing rule of thumb as…
Many retirees follow a 4% withdrawal rule. Essentially, they withdraw 4% of their portfolio each year to cover expenses and hope that the portfolio appreciates by more than 4% in the same year. There’s…
For much of the year, more Social Security beneficiaries focus on the cost-of-living adjustment (COLA). The COLA directly impacts retirees’ monthly benefits, increasing payouts to counter inflation. But for those aiming to maximize their…
Small businesses account for 43.5% of U.S. GDP and 61% of net new jobs since 1995. For a business-owning couple in their 40s wondering whether to keep maxing out their 401(k)s before selling the…
Indeed, $3 million feels like more than enough to retire on at the age of 35. Before you click away from this piece, though, it’s worth noting that there are, of course, assumptions made…
Traditionally, achieving millionaire status was considered to be wealthy, and many people felt that if they had $1 million, they'd be in really good shape to retire. Today, however, we know that a million-dollar…
Social Security payments are suspended when someone is imprisoned for committing a crime. Those payments may not automatically resume upon release.
One of the biggest decisions you might have to make for your retirement is figuring out when to claim Social Security. You can sign up for benefits at any point after turning 62, but…
If you're a fan of personal finance guru Dave Ramsey, it shouldn't surprise you that there are some differing opinions from other financial personalities. On the one hand, you want advice from people like…
Seniors on Social Security got some positive news this past October — word of a 2.8% cost-of-living adjustment, or COLA. This year’s COLA is not going to break any records. However, it’s a bit…
How much money do you need for a comfortable retirement? Is $250K, $500K, or $1 million enough? How much would you need to invest over time to save these amounts of money? These are…
Football legend Jerry Rice once famously said, “Today I will do what others won’t, so tomorrow I can accomplish what others can’t.” This is advice that could apply to many areas of life —…
