A Roth IRA is a retirement savings account that allows individuals to contribute after-tax dollars, with the significant advantage that qualified withdrawals*—including both contributions and earnings—are completely tax-free in retirement. This contrasts with traditional IRAs, which are funded with...
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Did you know there are tons of discounts and even free resources available just for seniors? Whether you’re looking to stay active, learn a new skill, eat well, or just save a little on everyday purchases, there are many...
For many retirees, finding time to experience nature can be one of the greatest pleasures in retirement. And what better place to take in America’s splendor than one of our over 400 National Park Service sites? For over a...
Social Security beneficiaries will see a 2.5% increase in their benefit payments in 2025, according to the Social Security Administration. The annual cost of living (COLA) adjustment will affect more than 72.5 million Social Security and Supplemental Security Income...
How can a transition to retirement continue to strengthen our connections to others while simultaneously keeping us active and fit? We all know how important staying active throughout our lives is, while multiple studies confirm the benefit of a...
I don’t know about you, but every time I see headlines that say, “Top 10 Reasons” or “How Much Do You Need?” I click on it. So when I saw the CNBC article, “You’ll need at least $1 million...
As a parent or grandparent, you may have diligently saved money in a 529 account to help fund your child’s or grandchild’s college education. But what happens when the intended beneficiary does not use all the funds available? Say...
September 22nd was the last day of summer and the transition to fall is upon us. School is back in session, Monday night football is back, pumpkin spice flavors everything, and open enrollment for Medicare starts October 15th. The...
Social Security recipients received an 8.7% increase in their benefit amounts in 2023, the largest increase since 1981. The next increase will be announced in October and will be much lower this time. Due to average monthly inflation continuing...
According to a survey by the Society of Actuaries, one of retirees’ biggest fears is investment losses. According to their 2021 study, 66% of pre-retirees are concerned the value of their savings and investments might not keep up with...