retirement
retirement Articles
24/7 Wall St. Key Takeaways: The SSA has announced a COLA increase of 2.5%, which will help millions of Americans keep up with their everyday expenses. While inflation is beginning to cool down, this...
Published:
24/7 Wall St. Key Takeaways: Starting in 2024, individuals must take RMDs at age 73, with updated life expectancy tables leading to potentially lower withdrawal amounts. RMDs are taxed as regular...
Published:
The holiday buying season will be upon us before you know it. October for some people is a time to start buying holiday gifts before the rush hits. Those drawing Social Security will be particularly...
Published:
Meet Jake (not his real name but face_cowboy88 on Reddit ), a 29-year-old professional who makes $105k a year but has completely ignored his 401(k). Well, almost completely. He only has a balance of...
Published:
Key Takeaways: Some states with income tax consider Social Security benefits income, opening them up to being taxed. States without income tax do not tax Social Security benefits, of course. There...
Published:
Key Takeaways: Social Security is expected to increase in 2025, but it likely won’t be as much as we’ve seen for the last few years. This increase in benefits is due to rising inflation, but it...
Published:
The age you decide to begin drawing Social Security has a huge impact on your monthly income in retirement. The earliest you can draw Social Security is 62, but you can continue waiting until 70 for...
Published:
Key Takeaways: COLA will increase Social Security benefit payments, requiring higher funding each year. Currently, the Full Retirement Age is also slowly rising. Social Security’s funding is in...
Published:
Key Takeaways: Sadly, many people in their 50s are not prepared to retire on time (or even have a plan to retire). Retiring responsibly means developing a sustainable plan, which includes your...
Published:
In August the Senior Citizens’ League predicted that Social Security recipients will get a Cost of Living Adjustment (COLA) of only 2.6% in their benefits this year. This is less than usual and may...
Published: