California Coast Credit Union is currently offering a 5-month CD with a rate of 9.50% annual percentage yield (APY). However, it’s a limited-time offer and only available to people living in certain Southern California counties. That said, there are still plenty of other high-yield CDs available even if you...
Dave Ramsey says you can take Social Security at 62 if you invest all of it. But most people can't do this, and many who can probably shouldn't.
You get to choose when to claim your Social...
If you want to get the biggest Social Security check possible, you'll likely have to wait until you turn 70 years old. The program rewards participants who wait to start collecting their benefits by offering them up to 8% for each year they...
The largest and final cohort of the baby boom generation — 30.4 million Americans — will turn 65 by 2030.
And more than half of that group will rely primarily on Social Security for income, according to new research from...
These changes are all important.
These days, a lot of people are on top of economic news, with topics like inflation and interest rates monopolizing much of the media. As such, news pertaining to Social Security tends...
Claiming age has the most sway of any factor when determining how much you'll receive each month and during your lifetime from Social Security.
Whether you realize it or not, Social Security income is a necessity for most retired workers. In 22 years of annual surveys from national pollster Gallup,...
Retirement savings play a crucial role in securing financial stability in your golden years. For those aiming high, being in the top 3% of retirees in terms of savings enhances comfort and offers greater financial freedom.
Using data from the Federal Reserve's Survey of Consumer Finances, a 2024 survey by...
She's still working part-time as a therapist but said she's slowing down: "Fatigue is a big part of getting older."
She remembered that her ex-father-in-law had a large pension when he retired — a practice that's far more uncommon these days. As the Congressional Research Service found, defined contribution plans,...
Here's how big a raise Social Security recipients might receive next year.
Social Security is a lifeline for millions of older adults, especially as it becomes more difficult to save. With costs continuing to rise and many retirees struggling with a cost-of-living crisis, these monthly checks can go a long...
Last year, Americans’ confidence that they would have enough money to live comfortably in retirement fell the most since the global financial crisis.
New research shows both workers’ and retirees’ confidence has not recovered. But some signs...
