#retirement

If you’re behind in your saving and investing for retirement, you’re not alone. According to the 2024 Retirement Confidence Survey, fully 47% of workers have less than $100,000 socked away, and 29% have less than $25,000. Yikes! Even if you have, say, $500,000 saved, that might be far from enough.

It’s not a secret that millions of older Americans today collect a monthly benefit from Social Security. But what may be surprising is the number of retirees who depend on those benefits. A good 91% of retirees today need Social Security to stay afloat, according to a 2024 survey by the Employee

Nobody likes hearing the word “recession.” It’s an economic event that comes with a lot of uncertainty, financial challenges, and overall stress for many people. Recessions negatively impact all types of people, but they can be especially difficult on retirees or those approaching retirement

If you’re on Social Security, you’re probably used to small changes to the size of your benefit checks every year due to cost-of-living adjustments (COLAs). But major changes to those benefits are pretty rare. That’s what makes the recently enacted Social Security Fairness Act such big news. The

Social Security provides inflation-protected retirement income for tens of millions of Americans. And while the general idea behind the program is fairly easy to understand — you get a monthly payment based on your work history — there are a lot of rules and formulas to know. Some of the most