Tip of the Month
Answering One of Retirement’s Biggest Questions: How Long Will Your Money Need to Last?
Markets fluctuate, tax laws change, healthcare costs rise unexpectedly, and, perhaps most challenging of all, no one knows how long they will live. However, longevity—the number of years a person will live in retirement—is one
New RMD Rules For 2025
Traditional IRAs, 401(k)s, and other similar retirement accounts allow you to save money before taxes and watch it grow for decades. But, eventually, the IRS requires you to begin withdrawing a portion of your savings
Changes Coming to Social Security in 2026
Several key updates to the Social Security system will go into effect beginning in January 2026. These changes will affect benefit amounts, retirement age rules, taxes, and the minimum income required to qualify for future
Retirement Age Is Changing
By the middle of the twenty-first century, one in every six people will be 65 or older. Furthermore, it is likely that by 2034, the Social Security Administration program in the United States will be
Understanding Long-Term Care
Approximately 49% of men and 64% of women who turn 65 today will require significant long-term care. While many people rely on unpaid assistance from relatives, nearly half will need paid services. Covering these costs
Late-Career Job Losses Are Affecting Retirement in America
Job loss is challenging at any age—but it can be particularly disruptive when it happens in your 50s or 60s. During this period, many individuals are still managing major financial responsibilities: covering mortgage payments, assisting
Many Americans Are More Afraid of Running Out of Money in Retirement Than Death
Most Americans surveyed said that running out of money in retirement was their biggest concern, even more than dying. According to a recent study conducted by Allianz Life,* people who are nearing or have reached
Should You Move When You Retire or “Age in Place?”
As people age, they often share the same goals. They want to stay in their own homes for as long as possible, allowing them to maintain their independence. Aging in place is the concept that
Senior Discounts in 2025
Although the age to claim Medicare is 65, many senior benefits and discounts begin much earlier. When you turn 50, you can join the AARP or AMAC and start taking advantage of senior discounts right
2024’s Record Number of Retirees May Spark a Recession
This year will see a record number of Baby Boomers reach the traditional retirement age. By 2030, they will all be at least 65. However, this creates a fiscal problem, as fewer taxable workers means
Many are Scared to Spend Money in Retirement
A common concern among retirees is that they will outlive their retirement savings. Many people are therefore scared to spend money in retirement. And it’s no surprise, consider how woefully unprepared many Americans are for
Unexpected Retirement Expenses
At the time, taking an additional $10,000 out of your retirement savings for a new roof might not seem to matter too much. However, expenses mount up, and plans to pay for future expenses could