8 Financial Mistakes That Can Hurt You After Age 60
Some of the biggest retirement mistakes are not the result of overspending. They often come from poor timing and from decisions that interact in ways many older adults do not…
5 min read Published
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How Americans Shielded Their Savings in Past Downturns Compared With Now
Americans are growing more anxious about the economy. According to the latest Conference Board survey, consumer confidence dropped sharply, and more people said a recession over…
3 min read Published
Reached $10,000 in Savings? 5 Reliable Ways to Leave It Untouched
Building up $10,000 in savings is an impressive milestone. Keeping that money untouched, though, can be just as challenging as setting it aside in the first place.
2 min read Published
How retiree benefits differ in the 60s and 70s
The table below compares the average monthly benefits in the two age groups. These amounts reflect the weighted average for all retired workers in each decade as of the latest…
2 min read Published
My spouse’s parents owe $60,000 in overdue taxes and there’s a lien on their house. They want us to pay it so they can sell and repay us. Is that wise?
Baby Boomers are often viewed as financially comfortable, but that is not always the case.
4 min read Published
Why Being Laid Off After 55 Can Put Retirement at Risk — and Why Reemployment Is Hard
For workers over 55, the toughest part of a layoff may not be the sudden free time. It may be learning that employers who once valued decades of experience now seem more focused…
7 min read Published
Why Skipping Medicare Open Enrollment Could Be a Costly Mistake
Medicare open enrollment takes place every year from Oct. 15 to Dec. 7.
2 min read Published
Where Homeowners Face the Smallest Property Tax Bills, Topping Out Below 0.5%
As the costs of owning a home continue to climb, property taxes have grown so unpopular that many states are seeking to cut them or overhaul the system.
6 min read Published
Why Skipping Medicare Open Enrollment Could Be a Costly Mistake
Autumn is a good time to enjoy local parks and hiking trails, take in some football, and browse farmers' markets on the weekend. It is also an important time to take another look…
2 min read Published
At 62 With $1.4 Million, No Pension and Social Security at 70: How Much Can You Withdraw Each Month First?
A 62-year-old with $1.4 million saved, no pension, and a plan to wait until 70 to claim Social Security has eight years in which the portfolio must cover every expense. The key…
5 min read Published
How Much Can a $1.4 Million Retirement Portfolio Pay Each Month Before Social Security Starts at 70?
Living for years entirely on a $1.4 million nest egg before Social Security begins may sound simple, but a weak market early in retirement can permanently reduce what that…
4 min read Published
Real World Economics: Social Security Basics Are Widely Misunderstood
7 min read Published