retirement
What to do when the Stock Market declines
If you’re been watching the stock market at all these days, you are already aware of the quite severe decline which has occurred as a result of President Trump’s tariff announcements. Any decline in the market can be stressful for…
How should workers with a 401(k) react to the dip?
With the stock market tumbling, concerns among investors are stashing away money in retirement funds like 401(k)s. Stock market volatility can be stressful, especially for those nearing retirement age, but don’t panic. So, how should workers nearing retirement react to…
Debt is impacting retirement
Debt, mostly credit card and medical debt, is the highest form of borrowing among Boomers and Gen X, according to a recent report released by National Debt Relief, a debt settlement organization. Half the respondents reported being “overwhelmed” by debt.…
Turning 70 this year?
Are you turning 70 this year and have not started your Social Security benefits? You should sign up for your benefits since you will stop earning delayed retirement credits. Delayed retirement credits result in an increased monthly benefit amount of…
Providing workforce retirement benefits
Most employers are committed to providing workforce retirement benefits for the foreseeable future, according to the recently released MetLife’s 2025 Enduring Retirement Model Study. The study found that 8 in 10 large plan sponsors “cannot envision a time when their…
RMDs start in the year you turn 73
Retirement accounts like 401(k)s and traditional IRAs give you a tax break by lowering your taxable income; however, withdrawals are subject to taxation. Yes, the year you turn age 73, you are required to make withdrawals. If you don’t, it…
Are you thinking of relocating when you retire?
One thing most, if not all, retirees fear is- running out of money. You saved all your life for your retirement nest egg, but how do you keep the nest egg from going broke? One area you may need to…
How to calculate your full retirement age
You can start your Social Security retirement benefits as early as age 62. However, you are entitled to full benefits only when you reach your full retirement age. So, how do you find out what your full retirement age is?…
When your benefits are really just bonus money
You can begin your Social Security retirement benefits as early as age 62. However, if you start receiving benefits early, they are permanently reduced. What if you are not reliant on Social Security to pay for basic retirement expenses, and…
Social Security changes coming in April
Well, 2025 is proving to be a strange and stressful year for the Social Security Administration. Millions of Americans will see their Social Security checks, and some will receive one for the first time, an increase shortly due to the…