If you're tired of giving away the majority of your income to taxes, there's a way around that. You can legally decrease or completely eliminate your tax bill by taking advantage of some of the perks in the tax code.

Your retirement will likely be the biggest financial goal you'll face in your life. If all goes well, you may need to cover decades of living expenses from your savings.

Maintaining a solid portfolio during retirement is important. Here's what to do if that milestone is getting close.

Individual retirement arrangements, more commonly known as IRAs, are powerful tax-advantaged retirement savings tools that most of us should be making the most of. Together with Social Security income, they can be vital supports in our later decades.

The measure will cause many rollovers, in which hundreds of billions of dollars move annually from 401(k)s to individual retirement accounts, to be more heavily regulated. It also gives investors who feel they have been given bad rollover advice the right to file a lawsuit or arbitration claim.

Federal law limits consumer liability for fraudulent credit- and debit-card charges. But there is no similar protection for retirement accounts, where many people have saved a lot more money than in bank accounts.

Social Security benefits were never intended to be a primary source of income. They were only designed to replace around 40% of your pre-retirement income, and the rest would need to come from your savings, a pension, or some other income source.

Although Rob Gronkowski is a star football player who was blessed with million-dollar contracts, his savings strategy is so simple that anyone can mimic it to achieve their retirement goals.

Average retirement age in the U.S. hovers around 65 — but some federal employees and members of Congress have kept working decades after their 65th birthday.

Working during your senior years could actually come back to bite you if you aren't prepared. Here are three pitfalls to bear in mind.

Many Americans are inching closer and closer to retirement unsure of whether they have saved up enough to live comfortably during their golden years.

It's not very often that you can get hundreds of thousands of dollars in free money. But some Americans have a prime opportunity to do just that, simply by making a smart financial choice.

Here are five steps you might take if you want to work toward that ambitious goal of multi-millionairehood.

If your retirement savings are falling short, it can be hard to catch up. But how much do you actually need to retire? If you reach retirement age with $100,000 in the bank, just how far will that money go?

If you're at all worried about making ends meet once your paycheck goes away, you should know how to estimate the value of postponing your retirement.

Roughly 70 million Americans will be able to take advantage of Social Security benefits' 2021 cost-of-living increases.

Buying into the following beliefs could leave you cash-strapped during your senior years.

Your early retirement contributions usually end up being the most valuable because they have more time to grow.

Whether you're receiving benefits or are working toward your eventual retirement, it's possible that these changes will affect what you'll take home in 2021 or beyond.

There's a good chance that Social Security will end up being an important source of income for you in retirement, so you'll want to get your filing decisions just right. And that means steering clear of the following mistakes you could end up making when you're part of a married couple.