Many older Americans talk about their Social Security Retirement Benefits. What they often don’t address, however, is how they earned them. Most people know that your benefit payments are tied to your lifetime earnings and how long you waited to take them, but they don’t know anything more specific about how they work. Benefit payments…
Insights
When Your Heart Says “Yes” But Your Wallet Says “No”
Have you ever been shopping and saw a dress that you just knew you had to buy? Bought a new pair of shoes because of a deal too good to pass up? Impulsively grabbed a candy bar or magazine at the checkout counter? We’ve all been there. Sometimes, your brain just tells you “yes,” but…
Social Security Claiming Options for Singles
Single retirees can sometimes feel left out of the Social Security conversation, since it seems to focus solely on how married couples can make the most of their benefits. But it’s a mistake to assume that there are no Social Security claiming strategies to maximize benefits for solo retirees. The fact of the matter is…
Are Women Better Investors Than Men?
Who’s better at investing—men or women? If you are like 91% of women asked in a recent Fidelity Investments survey, your initial response is probably to say that men are better investors. Only 9% of women asked in the survey said that they are better investors than men. So you might be surprised that this…
Qualifying for Social Security Spousal Benefits if You Are Divorced or Widowed
As a woman, you are probably aware that you are statistically expected to outlive your husband. According to the Centers for Disease Control and Prevention 2015 Mortality Report, the average woman in the United States will live to age 81.2 years, and the average man will live 76.3 years. That means you can expect to live…
Your 401(k) or IRA is Not a Retirement Plan
If you save in a 401(k) or IRA, congratulations! You’re taking a great step toward financial success and well-being, potentially using tax advantages through these accounts, or picking up free money as employer contributions. Undoubtedly, contributing to these retirement plans is a must if you want financial independence and stability down the road. However, “employer-sponsored…
5 Money Decisions You Might Regret Later In Life
When it comes to money decisions, there’s a lot of room for error. That can leave you feeling pressured to make all the right moves now. The good news is that we can learn from other people’s experiences to help us make better choices today so we don’t end up saddled with regrets about how…
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