STATEN ISLAND, N.Y. — Approaching retirement? This is the moment you probably have been waiting for your entire life — sleeping in, spending more time with family, and overall, just slowing down. But as you approach the golden age of 67 (the national retirement age for those born after 1960) you might be wondering: When […]
Even if you claim early, these rules could help boost the amount of your monthly check. Social Security is the cornerstone of many Americans’ retirement plans. 59% of retirees say their monthly benefits check is a major source of income, according to an annual Gallup poll. As such, getting the most out of the program […]
There are lots of wonderful things about Social Security. For example, almost every American worker can qualify for it easily, and you don’t have to save and invest over decades in order to earn it. (You’re simply taxed throughout your earning life, thereby contributing to the pool of funds from which beneficiaries are paid.) One of […]
A comfortable retirement is becoming increasingly expensive. According to a study by Northwestern Mutual, Americans currently estimate they need approximately $1.46 million to retire comfortably. This figure has escalated sharply, marking a 15% increase from last year’s estimate of $1.27 million and a significant 53% rise from the $951,000 estimated in 2019 before the pandemic. […]
Bitcoin still has the potential to make you a crypto millionaire. But it’s not as easy as it once was. According to the latest Crypto Wealth Report from Henley & Partners, there were 40,500 Bitcoin (BTC 0.34%) millionaires in the world at the end of last year. That’s more than any other cryptocurrency, and it’s not even close. So we know […]
Knowing the timing of United States Social Security payments is key for millions of Americans who live on this monthly income alone. For that reason, knowing if we are eligible to get the new one of the checks that will be arriving very soon is so important. Likewise, we must also check to see if […]
Some millennials may be on track for a secure retirement, while others may have work to do. Millennials tend to get a bad rap when it comes to financial matters. Search the internet for avocado toast memes, and you’ll know exactly what that means. But the reality is that millennials have had a pretty tough […]
While retiring with a $2 million nest egg might seem rare, it’s closer to what many Americans now believe they need to retire comfortably. A survey from Northwestern Mutual reveals that Americans feel they need $1.46 million for a comfortable retirement, a number that has surged by 53% since 2020. This dramatic increase, influenced by […]
Buy one, get one free! Spend more to get free shipping! Save 10% with this special discount code! They’re the kind of sales pitches consumers often find impossible to resist. Yet spending money to save it — or “spaving,” as the practice has come to be called, rarely benefits the consumer. Instead, retailers’ clever marketing […]
Social Security offers retirement income that can never run out, and would-be retirees have many smart strategies to max out their lifetime payout from the program. But they have quite a few ways to mess up their retirement benefits, too, from basics such as not following the rules or not planning to more complex screw-ups […]
$1.46 million. That’s what U.S. adults believe they’ll need to save to live comfortably throughout their retirement years, according to Northwestern Mutual’s latest “Progress & Planning Study” surveying Americans’ views on their long-term financial security. The retirement “magic number,” as the financial services firm’s April 2024 report terms it, is 15 percent higher than it was […]
Come this time every year, it’s vacation season and no one wants to go into debt for a family trip. It defeats the point of relaxing, because debt is stressful. Financial expert, Kendal Cann has some tips for you to have some fun this summer. “Vacation is important for us,” Cann said. She owns Privileged […]
