In the course of planning for retirement, one of the most crucial decisions you might face is when to sign up for Social Security. If you claim benefits at full retirement age (FRA), which kicks in at 66, 67, or somewhere in between, depending on your year of birth,...
To retire a millionaire, have a good plan and stick to it. Most of us would love to retire as millionaires -- and frankly, many of us need to retire as millionaires if we want to continue our current...
If you are making $50,000 a year, planning to save $2 million for retirement can seem like an impossible goal. Yet, with some hard work, dedication and a lot of time, you can get there, regardless of your age.
These changes could have a major impact on your monthly benefits check. Tens of millions of seniors rely on Social Security to make ends meet. About 88% of retirees said Social Security is a significant source of income in retirement, with a rising portion of those saying it was a...
Student loan scammers have a brand-new hook: “Biden student loan forgiveness” or “stimulus forgiveness.” Behind the pitch is the same old fraudster playbook, one that persuades federal student loan borrowers to pay for services they could get for free...
House rich and cash strapped is a common predicament for many older homeowners — particularly in pricy housing markets with high property tax rates. In a recent analysis by Zillow and Thumbtack, property taxes, utilities and homeowners insurance added up to $6,327 a year for the median-priced U.S. home, with...
Nearly half (47%) of U.S. adults, or about 120 million people, currently have credit card debt, up from 43% reported in early March, according to a new report from CreditCards.com. The sudden spike in credit card debt coincides with...
Living by the ocean blue can help keep you from feeling … well, blue. A new U.K. study of almost 26,000 people finds that those who reside about half a mile from the beach have better mental health than...
The pandemic has created a tough time for the American economy, but it's still a good time to bet on your future by continuing to work on your retirement account. It’s standard advice not to touch your 401(K), but that doesn’t mean...
Get your finances in shape quickly with these simple strategies. Switching banks can help you save money by avoiding hefty fees. Taking steps to achieve financial health is just like setting a goal to lose weight – it doesn’t happen overnight. Setting yourself up for financial success requires time, dedication and maintenance. Still,...
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