retirement
About Social Security Cuts
By Maruie Backman on November 30, 2024 for The Motley Fool Everyone knows Social Security is in financial trouble. The trust fund will run dry in about 10 years without changes to the program. Instead of focusing on cuts it…
Worried about Social Security? So are most other Americans
In a recent survey, over 70% of Americans worry about the future of this critically important national retirement program. After all, most current beneficiaries say that Social Security is a “major” part of their retirement income – one that would…
Social Security Spousal Benefit Nuances: The Older Wife
The Social Security rulebook is pretty complex, and this complexity becomes obvious when one dives into the murky world of spousal benefits. In a post morningstar.com post by, columnist Beth Pinsker examines a situation in which a non-working spouse is…
Concerns Over Social Security’s Future Continue to Grow
Planning for retirement can be complex, with many competing issues compounding the process. One of those issues—the program’s uncertain financial picture—became apparent in the results of a new Bankrate survey summarized in a post on their website today by Lane…
Retirement: Dealing With the Emotional Part of the Equation
Quite a bit of material has been published about the financial aspects of retirement. You know, the tips for maximizing your monthly Social Security benefits, understanding spousal and survivor benefits, the perils of claiming before full retirement age, and so…
Do you know about these changes?
The Social Security program changes every year, and 2025 will be no different. Since Social Security benefits are the largest source of income for many seniors, it is important to be aware of these changes. Trevor Jennewine reports on the…
How much savings should you have
What is your savings balance? The average middle-class American is $13,000, compared to the $128,000 in median savings of Americans with a net worth in the top 10th percentile. However, your personal goals should determine the savings you should have…
Top Retirement Planning Questions
NorthWestern Mutual’s 2024 Planning and Progress Study looked at the top retirement questions Baby Boomers have on their minds. The study conducted earlier this year found that the top question, with over one-third of participants voicing it, was: “How much…
Undermining the nation’s retirement readiness
Could a government-run retirement program to increase coverage do more harm than good to the nation’s retirement security? The Retirement Savings for Americans Act (RSAA) aims to expand retirement coverage for workers by creating a federal retirement plan for those…
A third of retirees are overspending
The 2024 study by the Employee Benefits Research Institute found that 31 percent of retirees were guilty of overspending in retirement. This figure is up from the first study conducted in 2020 which 17 percent of retirees said their spending…