The National Academy of Social Insurance provides this information to help those seeking to better understand Social Security, which continues to be a cornerstone of retirement security for American workers and their families. We encourage you to use the information on our site to increase your familiarity with social insurance programs as they currently exist … Read more
Is $1 Million Really Enough for Retirement in 2025? Everyone wants to reach the magical $1 million mark in their retirement accounts. But the real question is: how much money will $1 million bring in when you’re ready to relax and enjoy your golden years? I’ve worked with a lot of clients who reached this … Read more
Let’s face it – nobody wants to pay more for Medicare than they have to. When you’ve worked hard and saved diligently for retirement it can feel like a punch in the gut to discover you might be paying higher Medicare premiums than your neighbor who gets the exact same coverage. This is where understanding … Read more
Many people believe that hiring a financial advisor is essential for making good investment decisions. This myth has been reinforced by decades of marketing from many financial advisors, but the truth is, many investors who manage their own money often achieve better results than those who rely on advisors, without fees eating into their returns … Read more
Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and … Read more
Your retirement savings may already be well on their way if you have automatic deposits into a 401(k) account. But that’s not your only retirement account option. An individual retirement account (IRA) offers a unique way to save for the future. You can choose a traditional IRA, a Roth IRA or work with both. If … Read more
When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. Question: I’m 57, with $1. 8 million saved, and want to pivot to a low-stress job for the next decade. My wife says to keep cranking and retire at 62 instead. Who’s right?. Answer: Work culture in … Read more
When a worker passes away, family members may be able to claim some, or all, of the monthly Social Security payments their loved one would have been entitled to receive. These “survivor benefits” can be an invaluable lifeline for families that have suddenly lost a provider. The surviving spouse may also be able to get … Read more
The rules of intestacy decide what happens to someone’s estate when they die without a will. When someone writes a will, they have the opportunity to say who they want to inherit their estate and how much each of them should get. People often leave their entire estate to their spouse, civil partner, or children. … Read more
CFP® Professional Katelyn Murray breaks down which financial accounts are the best for inheritances… and which types aren’t. When it comes to financial planning for federal government employees and retirees, considering the types of accounts to inherit is a crucial aspect often overlooked. The impact of inheriting certain accounts can significantly affect the financial wellbeing … Read more