As more than 90,000 of the nation’s long-term care residents have died in a pandemic that has pushed staffs to the limit, advocates for the elderly say a tandem wave of death separate from the virus has quietly claimed tens of thousands more, often because overburdened workers haven’t been able to give them the care they need.
Here's how you can reach the millionaire club by saving just $405 a month.
Given this persistent reliance by seniors on their guaranteed monthly benefit, it's important to net the biggest payout possible. Interestingly, though, this benefit can differ greatly depending on where a retired worker lives.
A new report put out by the Social Security Administration shows that people are being patient and waiting longer before taking their Social Security benefit.
For tens of millions of Americans, there isn't a program that bears more importance to their financial well-being than Social Security.
There are a few simple steps you can take to increase your retirement wealth and put yourself in a better position to withstand financial surprises as a senior. Here are a few super easy ones to start with.
Here are four possible sources of unexpected income that you could receive in your later years.
There's a chance you could be taxed not once but twice on your retirement benefits.
If you're aiming to save at least $2 million by age 62, you'll need to start preparing early and saving consistently. Here's how much you'd need to save each month to reach that target, depending on the age you began saving.
Here's a closer look at the seven biggest changes to Social Security in 2021.
Whether you expect Social Security to play a significant role in your retirement or not, it's a good idea to ensure you're maximizing your monthly checks. And if you're currently either married or divorced, you could collect more than you think.
Not only is it important to financially plan for retirement, it is also critical to plan in retirement. Here are four tips to help you better plan while in retirement.
While retiring in 2021 may seem like a good idea, here are three reasons to reconsider.
Far too many retirees make major mistakes that could leave them at risk of running short of cash. Here are four big errors that could leave you broke.
Here's how to boost your 401(k) savings by hundreds of thousands of dollars with zero effort on your part.
Social Security benefits often play a key role in the financial well-being of our nation's retired workforce. This means there's arguably no decision more important for seniors than deciding when to begin taking their payout.
Getting (and remaining on) the path to achieving financial wellness relies on knowing which questions to ask yourself.
Seniors are likely on track to get a COLA of around 1.2% to 1.4% next year. The bad news is, while this is better than no raise at all, it's not something to get excited about.
If you're going to be relying on your benefits in retirement, it's wise to make sure you're collecting as much as possible. And there's one way you can boost your benefit amount by nearly $500 per month.
By understanding these three concepts, in particular, you'll be able to make the most of your Social Security benefits in retirement.