seniors
Will your retirement plans survive contact with reality
You thought you were on track with your retirement planning. You worked with a financial advisor, you maximized your Social Security, and you were a savvy investor. However, according to a recent survey, only 40 percent of respondents who retired…
The latest 2027 COLA projections
The predictions for the 2027 Social Security cost-of-living adjustment (COLA) increase have begun. With the release of the most recent data from the Bureau of Labor Statistics (BLS), experts, including the Congressional Budget Office, have updated their forecast models. However,…
2026 filing season updates and resources for seniors
There are some changes for the 2026 tax filing season that people who are 65 years of age and older should be aware of. The most recent being the enhanced deduction for seniors, which is a provision of the One,…
Turning bricks and mortar into retirement income
The baby boomer generation currently makes up most of the American retirees, and they are sitting on a record $19 trillion in real estate wealth. For some, home equity accounts for one-third of retirees’ financial assets, whereas traditional retirement savings…
Number one concern for retirees
The number one concern for retirees is not having enough money saved to maintain their desired standard of living in retirement. This concern is so prevalent that it ranks above other common worries like high medical bills, debt, or even…
Will $2 million be enough for your retirement
A recent survey by BlackRock reported that the average American said they needed $2.09 million to retire comfortably. That’s an astronomical figure for many of us. Even BlackRock’s CEO, Larry Fink, wrote. “That’s a lot and more than I was…
Stretching your Social Security benefits
Nearly 22 million seniors rely on their Social Security benefits for the entirety of their retirement income, according to a recent 2025 survey. The same survey reports that an estimated 31.8 million seniors get by on less than $2,000 a…
The myths of Social Security Trust fund
Will social and legacy media outlets be the downfall of the Social Security system with their perpetuated myths and fearmongering? The fact is that the Social Security Trust fund is projected to reach insolvency in 2032, forcing 24 percent across-the-board…
What to know before you take your first RMD
Are you turning 73 this year and facing taking your first required minimum distributions (RMDs)? If so, congratulations; if not, you may want to take notes for when it’s your turn to start taking RMDs. Maurie Backman, writing for The…
How to avoid costly mistakes in retirement
“Retirement isn’t the end of the road — it’s the reward for the path you planned.” – Unknown Planning for retirement is hard, but it is worth it. Although some of us thought we had planned well for retirement, certain…