Retire

While nobody knows for sure whether there will be a second wave, there are a few mistakes you should avoid if you want to keep your retirement plans on track.

Follow these four strategies to keep yourself on track for a successful retirement, even if there's a second wave of COVID-19.

If the pandemic has caused you to contemplate claiming Social Security, you're probably not alone. Here are a few things you must know before you sign up.

Many seniors depend heavily on Social Security in the absence of outside income, and it's these seniors who invariably await a generous cost-of-living adjustment (COLA) each year in the hopes of seeing their financial picture improve.

While some people may have no choice but to tap their retirement savings to get through tough financial times, there's one mistake that could be incredibly costly.

For each of the past 35 years, the Social Security Board of Trustees report has cautioned that there wouldn't be enough revenue collected over the long run. Here is a timeline of events that could lead to a significant Social Security benefits cut.

As file your tax return, don't forget that you still have an opportunity to take advantage of one huge money-saving tax break: funding your 2019 IRA.

Many older Americans are finding themselves looking to Social Security to provide money in a time of financial struggle.

Here are two key things you can do if you're still working or newly retired so you can make sure you don't run short of money in the future.  

While it's always impossible to predict what retirement will look like, here are a few educated guesses on how the pandemic may alter retirement for today's workers.

The COVID-19 crisis has caused a lot of people to change the way they think -- and spend their money. In fact, many people have had no choice but to hit pause on retirement plan contributions due to the pandemic.

Here are three factors that are about to make claiming benefits early, and therefore accepting a permanent monthly payout reduction, even more popular.

Here are five ways to expedite your 401(k) growth.

Social Security cuts are looming if the program's finances aren't fixed in the coming years. Here are a few proposals to shore up Social Security and how they could affect you. 

Whether you want to be part of your partner’s health care planning or simply grow you’re your bottom line, getting married is the way to go, experts say.

If your low 401(k) balance triggers anxiety every time you look at it, you may be able to count on income from some unexpected sources in retirement to help.

Half of Social Security recipients don't get to keep their benefits in full, according to a new survey. Here's why.

Those who expect Social Security to be their primary income source risk falling dangerously short. As the program faces its share of financial woes, those who expect to depend heavily on it may be in for a late-in-life shock.

Despite the high unemployment rate and waived penalties for retirement plan withdrawals under the CARES Act, most people are not tapping their retirement savings.

The median savings balance among baby boomers is a mere $144,000. If you're a near-retiree who's sitting on something in that ballpark of savings, you may need to take some critical steps to compensate.