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Simple strategies to maximize your benefits Reviewed by Thomas J. CatalanoFact checked by Vikki Velasquez red_moon_rise / Getty Images When Social Security was introduced in 1935, it was never intended to be a primary income source that could support people in retirement. Rather, its sole purpose was to provide a safety net for people who…
Fact checked by Vikki Velasquez Andrey Denisyuk / Getty Images For retirees and pre-retirees with an itch to travel, few, if any, U.S. cities have more to offer than Chicago, often referred to as the “Crossroads of America.” Home to two international airports as well as a major Amtrak hub, Chicago is ideally positioned for…
Fact checked by Katie Reilly Nathan Stirk/Getty Images While many might not wish to work in retirement, there might be benefits that go beyond a paycheck. More Americans are staying on the job past the traditional retirement age. Adults 65 and older are now the fastest-growing slice of the U.S. labor force (nearly one in…
Reviewed by Anthony BattleFact checked by Yarilet Perez Retirement Calculators: Overview As Americans began to shoulder more of the responsibility for funding their retirement years, retirement calculators became a popular tool to help people achieve their goals. A Google search for “online retirement calculator” garners tens of thousands of hits. In this article, we look…
Employer retirement plan contributions aren’t necessarily yours to keep Fact checked by Vikki VelasquezReviewed by David Kindness SrdjanPav / Getty Images Employer 401(k) plan contributions are a regularly-discussed perk. While you might have heard that you should max out your match and not leave free money on the table, much less is said about the…
Reviewed by Marguerita ChengFact checked by Michael Rosenston Towfiqu Photography / Getty Images Registered Retirement Savings Plan vs. Registered Pension Plan: an Overview Registered retirement savings plans (RRSPs) and registered pension plans (RPPs) are retirement savings plans that are registered with the Canada Revenue Agency (CRA). RRSPs are individual retirement plans, while RPPs are plans…
Fact checked by Suzanne Kvilhaug Veronique D / Getty Images Starting in 2035, the Social Security trust funds could be depleted, resulting in a reduction of benefits. The number of Americans who rely on Social Security retirement benefits for at least a portion of their retirement income is significant—as of September 2024, there were 54…
Fact checked by Vikki Velasquez ferrantraite / Getty Images After Bitcoin’s recent record-breaking highs, many investors may be considering cryptocurrencies in their retirement portfolios. But should you invest in crypto for your retirement? Well, that depends. Cryptocurrencies are highly volatile investments, but sometimes, with great risk comes great reward—for the right buyers. Key Takeaways It…
DINKs may be able to spend more or retire early Reviewed by Charlene RhinehartFact checked by Jiwon Ma Retirement advice tends to focus on families with children, including balancing the costs of raising kids and putting them through college while saving enough for retirement. But not every couple has kids. Dual-income, no kids (DINK) households…
