Former U.S. President Donald Trump watches a video of President Joe Biden playing during a rally for Sen. Marco Rubio (R-FL) at the Miami-Dade Country Fair and Exposition on November 6, 2022 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Former President Donald Trump and current President Joe Biden issued opposing … Read more
U.S. President Joe Biden delivers his third State of the Union address in the House Chamber of the U.S. Capitol in Washington, D.C., on March 7, 2024. Shawn Thew | Via Reuters President Joe Biden urged lawmakers to “stand up for seniors” in his annual State of the Union address on Thursday, while pledging to … Read more
Ezra Bailey | Getty Images Most Americans can expect to pay Social Security payroll taxes throughout 2024. But for top earners with gross annual wage income of $1 million, March 2 marks the date at which they will stop paying into the program, according to the Center for Economic and Policy Research. The reason why … Read more
Eclipse_images | E+ | Getty Images Many near retirees expect Social Security to be their largest source of income when they stop working. Yet, those who are on the brink of their so-called golden years fall short when it comes to knowledge about the program’s rules and what they can personally expect, according to a … Read more
Majamitrovic | E+ | Getty Images How to find your Social Security full retirement age If you were born between 1943 and 1954, your full retirement age is 66. If you were born in 1960 or later, your full retirement age is 67. The full Social Security retirement age gradually increases from 66 to 67 … Read more
The cost of retirement can vary by as much as $1.36 million depending on where you live in the U.S., according to an analysis by personal finance website GOBankingRates.com. To determine the amount of money needed to retire, GOBankingRates calculated the annual expenses for housing, food, utilities, transportation and health care in each state for … Read more
Laguna Beach, California Luciano Lejtman | Moment | Getty Images When most people think of Laguna Beach, California, they think of its scenic coves and beaches. But the small coastal city — with a population of around 22,600 — is also pioneering a new model for elder care. About 77% of adults ages 50 and … Read more
It’s not hard to see why people find the concept of FIRE — short for financial independence, retire early — alluring. Adherents to the movement aim to stash away as large a portion of their income as possible in investment accounts. The more aggressively they save, the sooner they can reach their so-called FIRE number, … Read more
Tanya Constantine | Getty Images Once you start Social Security retirement benefits, you are generally guaranteed to receive monthly checks for life. But that will stop once you die — with some exceptions for your loved ones. A one-time lump-sum death payment of $255 may be available, provided your survivors meet certain requirements. For example, … Read more
Klaus Vedfelt | Getty Images To live your best life in retirement, it helps to make the most contributions while you’re working. Employees who participate in 401(k) plans can put up to $23,000 in pretax or post-tax Roth contributions in 2024. But there’s another limit, $69,000, including employee and employer contributions, that may let workers … Read more
