For our nation's retired workforce, no social program is more important than Social Security. Each month, nearly 65 million people collect a payout, including more than 46 million retired workers. Without this guaranteed monthly benefit, the elderly poverty rate would be close...
Retiring abroad is a goal of many soon-to-be retirees, but there's a lot to consider before doing it.
Luckily, it can be quite affordable to retire abroad — sometimes even cheaper than it would be in the US. There's...
If you were able to max out your 401(k) -- that is, contributing $19,500, or $26,000 if you're 50 or older -- in the midst of one of the most chaotic years any of us have ever lived through, hats off to you. And...
Social Security won't pay you enough money to enjoy a comfortable retirement. Right now, the average recipient gets a little over $1,500 a month, which translates into $18,000 and change each year. Since that's probably not enough for you to live on,...
Nobody likes to pay income taxes, but nearly everyone ends up paying the IRS at least something. Even if you get a refund, it's only because you've usually had money taken out of your paycheck already to go toward your tax bill.
For many years, $1 million was considered the gold standard for retirement savings, and for some, this hasn't changed much. A recent Schwab survey asked 2,000 adults age 55 to 75 how much they'd saved for retirement, and their average answer was $920,400. Most...
Even before the pandemic cost Adam Anderson his job, repaying his student loans was a challenge. He owes more than $60,000.
He earned around $50,000 a year as a physical therapy assistant in Clearwater, Florida, but after his rent,...
People who are planning to retire soon and have a mortgage with a higher interest rate should consider a number of factors before they refinance such as the length of time they plan on living in the home and how it will...
Lawmakers in Washington recently introduced a new piece of legislation that includes several perks for seniors.
The Securing a Strong Retirement Act of 2020, proposed in the House of Representatives by Rep. Richard Neal (D-Mass.) and Rep. Kevin Brady...
Lower interest rates on credit cards and loans are good news for borrowers. But you may have noticed the money in your savings account isn’t earning the interest you hoped for.
With recent rate drops, you may be wondering if a high-yield savings...
