News
The 1 Retirement Budgeting Mistake Too Many People Risk Making
3+ week, 1+ day ago (471+ words) This error could really trip you up. Even if budgeting isn't something you did much of during your working years, it's extremely important to follow a budget during retirement. As a retiree, you may be a on fixed income that's…...
This Was My Biggest Retirement Savings Mistake
1+ mon, 15+ hour ago (424+ words) My mistake is far too common. Saving for retirement is crucial because most people don't have a pension, and Social Security replaces only 40% of pre-retirement income. Since I know how important it is to save for my future, I've set…...
What Is a Brokerage Account? How It Works, Types, and Next Steps
9+ mon, 2+ week ago (705+ words) A Roth IRA and a brokerage accounts are both good options for investing. Find out when each type of account makes sense. This practice can help you profit on a stock that's headed in the wrong direction. Here's how. Futures…...
Here's the Average Social Security Benefit at Ages 62 to 70 (for Men and Women)
8+ hour, 54+ min ago (502+ words) Retired men and women can maximize their Social Security benefit by claiming at age 70. In any given year, more than 20% of newly awarded retirees generally claim Social Security benefits at age 62 (i. e. , as early as possible). In turn, they receive the…...
Social Security's 2027 Cost-of-Living Adjustment (COLA) Is on Track to Do Something That Hasn't Happened Since 1997
9+ hour, 18+ min ago (759+ words) A history-making moment for Social Security may be soured by the shortcomings of its inflation-measuring yardstick. Last year was a history-maker for Social Security. In May 2025, the average monthly retired-worker benefit topped $2, 000 for the first time since the program's inception....
The Window to Change Your Medicare Advantage Plan Is Quickly Closing. Here's What You Need to Know.
3+ week, 6+ day ago (463+ words) If you want to make a switch, the time to get moving is now. A lot of people choose to enroll in a Medicare Advantage plan over original Medicare. And it's easy to see why. With Medicare Advantage, you often…...
Thinking of Switching to a Medicare Advantage Plan During Open Enrollment? 5 Things You Need to Know.
5+ mon, 3+ day ago (531+ words) Make sure you understand what you're getting into. Medicare's open enrollment period has been underway for more than a month now. And at this point, you have only a few more weeks to make changes to your health coverage for…...
Worried About Your Retirement Tax Bill? Here's an Investment Worth Looking At
3+ hour, 11+ min ago (422+ words) Why share the wealth with the IRS when you don't have to? For many retirees, the biggest surprise isn't how much they spend in retirement. Rather, it's how much of their income still goes to taxes. Not only can Social…...
What Is the Required Minimum Distribution (RMD) for a $750, 000 Retirement Account?
4+ mon, 2+ week ago (674+ words) As the year draws to a close, retirees should review how required minimum distributions (RMDs) are calculated. Tax-deferred accounts like traditional IRAs and 401(k) plans allow workers to delay income tax on qualified distributions, provided they meet income-based eligibility requirements. However,…...
The April 1 RMD Deadline Is Here -- What First-Year Retirees Need to Know
1+ week, 4+ day ago (349+ words) Should you double up on RMDs in your first year? If you aren't close to retiring yet, maxing out your contributions to IRAs, 401(k)s, and other retirement accounts can be a great way to reduce your taxable income. But if…...