(Christy Biber) The amount of your Social Security benefits can vary greatly depending on the decisions you make. In particular, the age at which you choose to apply for benefits can have a particularly profound impact on the amount of money you get back. In fact, you could potentially increase your monthly payment up to …
How to Score an Extra $1,830 by Social Security Check Read More »
Sara Ratner Spouses share a lot, but no matter what your relationship status is, your credit score is yours and yours alone. Even if you are 100% financially supported by your spouse or partner, establishing and building your own credit score is essential. This can benefit both of you when you make financial decisions together. …
Why building credit is essential for stay-at-home spouses Read More »
(Kailey Hagen) Saving for retirement is generally considered a form of deferred gratification. You choose not to spend some of your money now in exchange for more money when you retire. But that’s too simplistic a way of looking at it. Although you won’t realize the full benefits of saving for retirement until you withdraw …
3 Ways Saving for Retirement Could Help Your Finances Today Read More »
(Maurie Backman) Retiring on Social Security alone is generally a bad idea. These benefits will only replace about 40% of your pre-retirement salary if you earn an average salary. And that’s assuming that benefits aren’t substantially reduced across the board. As Social Security faces a financial shortfall, seniors could face benefit cuts if lawmakers don’t …
Want more retirement income? Here’s an investment worth owning Read More »
(Adam Levy) Target date funds are a common choice for employees in their 401(k) and other retirement accounts. The set-it-and-forget-it approach makes investment decisions simple and removes the need for any portfolio management. Everything is done for you. Although they are a very common choice among retirement savers, they are not always the best choice. …
Are term funds good for your retirement? Yes and no. Read More »
(Dan Caplinger) If you want to get bigger Social Security checks when you retire, it’s important to know all about the federal government’s program. Unfortunately, it can be difficult to get the information you need, and many people are still unaware of the key aspects of Social Security that determine the amount of your benefits. …
(Justin Pope) Retirees feeling crushed by the highest inflation in decades are getting some relief. The Social Security Administration announced that benefits will receive an 8.7% Cost of Living Adjustment (COLA), the largest increase since 1982. In pure dollar terms for the average Social Security recipient, it will be the biggest COLA ever recorded. Don’t …
Social Security’s Record 2023 Increase Isn’t All It’s Supposed To Be Read More »
(Maurie Backmann) Social Security is financially fragile. In future years, the program expects to owe more benefits than it takes in as baby boomers leave the workforce, reducing its main source of revenue, payroll taxes. If lawmakers fail to find a way to pump more money into Social Security, the program may have to cut …
Some lawmakers want to strip social security from high earners. Will this happen? Read More »
Dan Caplinger, The Motley Fool, Thanksgiving is here, and before you know it, it’ll be time to start planning New Year’s Eve parties. But besides holiday shopping, planning family trips, and all that accompanies the holiday season, it is important to get your tax planning under control before the end of December. In particular, there …
Dan Caplinger, The Motley Fool, Thanksgiving is here, and before you know it, it’ll be time to start planning New Year’s Eve parties. But besides holiday shopping, planning family trips, and all that accompanies the holiday season, it is important to get your tax planning under control before the end of December. In particular, there …
