As retirement approaches, many individuals are left wondering when the right time to start taking Social Security payments is. The decision on when to begin receiving these benefits depends on factors such…
Author: DT
Are you making this common retirement mistake
Planning for retirement often involves making contributions to tax-advantaged accounts like 401(k)s and IRAs. These accounts offer attractive tax benefits, but staying within the IRS-imposed limits is essential. Exceeding these limits can…
A Look at the Average Retirement Age for Men and Women in 2023
In spite of earning less than their male counterparts, American women retire earlier on average, according to recent data. While women face a gender-related wage gap, earning just 82% of what men…
Social Security: Older Workers in Physically Demanding Jobs at Risk
The Social Security retirement age, currently set at 67, is facing calls for further increase. However, according to a recent task force report from the National Academy of Social Insurance, this proposal…
Securing Your Future: Essential Strategies For Retirement
“Failing to plan is planning to fail,” which couldn’t be truer when preparing for retirement. With life expectancies on the rise and the future of social safety nets uncertain, taking the reins…
1 in 5 Skip Emergency Funds for Retirement – Should You?
Current statistics from GOBankingRates show that roughly one in five people focus more on saving for retirement rather than accumulating an emergency reserve. This financial preference highlights the need for deeper understanding;…
How Secure 2.0 Act is Changing Your Retirement NOW
The landscape of retirement planning is witnessing significant changes as the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act comes into force. The goal of the act is to enhance…
Should You Trust an Online Service to Draft Your Will? Here’s What You Need to Know
Many Americans overlook the importance of writing a will when it comes to estate planning. According to a survey conducted by Caring.com, two out of three adults in the United States do…
Thinking About Working in Retirement? Here’s Your Must-Read Guide
If you’re contemplating the idea of working after your retirement, you’re part of the majority. In 2023, the Transamerica Center for Retirement Studies conducted a survey; they found that 55% of workers…
The Surprising Ways Your Credit Score Dictates Your Retirement Luxury
When one envisions retirement, the usual images that come to mind are sandy beaches, peaceful afternoons, and a life free of financial worries. However, the tranquility of retirement can be easily disrupted…
