What does it take to retire with a comfy $10,000/month in America? It's probably less than you think
Let’s not forget when you retire will have an impact on what it’ll take for you to comfortably take out $10,000 a month ...
Is a fully paid-off home in retirement really worth it? Not for all US retirees — here’s why
Carrying a mortgage into retirement means seniors need more money as their housing expenses are higher when they must send a payment to a lender. This may make it seem like all seniors should focus on ...
Higher-earning spouses should wait to claim — but lower-earning spouses may not want to
Waiting makes sense if you are the higher-earning spouse — but if you're claiming spousal benefits, waiting may not be the right approach.
moneywise4d
Here are 3 major Medicare updates happening in 2025 — will you end up spending less?
Typically, retirees — just like everyone else — get just one chance a year to make modifications to their Medicare coverage so it's critical older adults stay on top of changes to the program ...
moneywise3d
I’m 65, single and just inherited $420,000 from my mom who recently passed away. How do I make sure this money lasts?
Preparing for retirement isn’t always about stashing a portion of your paychecks for your golden years. For some, it’s about accepting a windfall late in life and trying to make the money stretch. Let ...
moneywise4d
Looking for early freedom? Here’s what happens to your Social Security benefits in America when you retire at 55
Most people qualify for Social Security after 10 years of working and earning work credits. However, if you work for less than 35 years, you’ll shrink the benefits you get — which could easily happen ...
moneywise5d
I’m 45, have $2,500,000 in savings and want to quit my high-stress job in order to travel — how long can my money last?
Early retirement is a dream for many people, especially for those in high-stress positions. If you're 45 years old, have $2.5 million saved up and are not enjoying your work, it's absolutely ...
moneywise3d
Vanguard just issued a crucial warning for future retirees — here’s why ‘retirement is changing’ and how to prepare
Vanguard said that the majority of future retirees are not interested in just completely stopping work on a set date. Only 24% intended to adopt the cliff-edge view of retirement, working one day and ...
moneywise4d
Here are the 4 most worrisome things about the 2025 Social Security change to COLA — and how to prepare for what’s ahead
Social Security’s annual cost-of-living adjustment (COLA) helps keep retirees afloat as inflation erodes purchasing power. But this year, it’s sparking some anxiety. Millions of Americans are facing ...