Almost half of all Millennials in the U.S. are living paycheck to paycheck, and if you’re one of them, retirement can seem too far off to think about. Even though you’re scrambling to pay your bills each month, you need to make saving for retirement a priority now because the longer you wait, the farther…
Recent Articles
How Social Security COLAs Are Calculated Might Surprise You
When the Social Security Administration first started paying out benefits in the 1940s, there was no provision in place for how to deal with inflation. Unfortunately, this meant that early beneficiaries saw the buying power of their benefits eroded as the years went by. This is why the Social Security Administration enacted the annual cost-of-living-adjustment…
Smart Money Moves for Newlyweds: 9 Financial Planning Tips for Young Couples
Work Together to Build a Strong Financial Future Marriage is an exciting milestone, but beyond love and commitment, financial planning is one of the most important foundations for building a life together. According to a 2023 survey from NerdWallet and Zola.com, 67% of engaged Americans have trouble discussing finances with their partner. Avoiding these conversations…
Are Your Retirement Funds Wandering Aimlessly?
The purpose of your retirement fund is to help provide the income you need to live financially independent in retirement, whatever “financially independent” means to you. Without structure and planning for your funds, that goal can become more and more distant. It doesn’t just happen on its own. It takes careful planning and years, if…
Should I Buy a House or Keep Renting?
“Buying a house is always better than renting.” Renting is throwing money down the drain.” “You’re just building equity for someone else.” Heard these lines before? They should be familiar to anyone who’s currently renting — and has been urged to jump into homeownership as quickly as possible. But are these statements actually true?…
9 Things You May Need to Know Before Claiming Social Security Retirement Benefits
Most Americans look forward to the day that they can start claiming Social Security Retirement Income. In fact, many aren’t just looking forward to it; they are depending on it! The Office of Retirement and Disability Policy recently reported that 62% of aged beneficiaries received at least half of their income from Social Security in…
The Pros & Cons of Increasing Your Social Security Benefits by Continuing to Work
Many older Americans talk about their Social Security Retirement Benefits. What they often don’t address, however, is how they earned them. Most people know that your benefit payments are tied to your lifetime earnings and how long you waited to take them, but they don’t know anything more specific about how they work. Benefit payments…
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