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Retirement
Market Realist covers the latest news relevant to retirement, from social security to changes in taxation and maximum witholding limits for retirement funds, as well as advice on how to save for retirement.
Exploring the Benefits of an AARP Membership: Is It Worth the Investment?
Most people dread getting an AARP invitation when they're nearing their 50th birthday. Is an AARP membership worth it? Here's what we know.
5 Essential Steps to Get Ready for Retirement — Be Prepared
If your retirement is right around the corner, you should start preparing. Here are five steps to take and get ready for retirement.
If You're Getting Married, Consider the Financial Pros and Cons
Marriage is one of the biggest decisions of your life, and if you're on the fence, you may wonder about the financial pros and cons of marriage.
How Much Is the Social Security Cost of Living Increase for 2022?
Millions of Americans rely on Social Security benefits. How much will the 2022 COLA (cost-of-living adjustment) be due to inflation?
Top Side Hustles for Seniors: Earn More Money in Retirement
Side hustles for seniors can be a good way to supplement retirement income and use one's skills and talents. Here are the top side hustles.
Check Out the Best AAA Membership Discounts for Seniors
AAA offers membership discounts for seniors along with the typical suite of AAA benefits for all members. Here's what we know about the discounts.
How Do HSA Rollovers Work When You Change a Job or Bank?
Does HSA roll over money when you change jobs or banks? An HSA is a popular retirement savings account and medical expense account.
Ready to Save More? How the New 401(k) 2023 Contribution Limit Will Impact You
The IRS recently announced that the 2023 401(k) contribution limits have increased to the highest levels in decades. Here's what we know.
Simple IRA vs. 401(k) — Which Is Right for Your Business?
When it comes to retirement savings plans, two common options are the Simple IRA and 401(k) plan. What are the advantages and disadvantages of each?
SEP IRA vs. Roth IRA: Which Retirement Account Is Right for You?
While working folk may have an IRA in place, here's the difference between a SEP IRA vs. a Roth IRA. It's important to know the difference.
When and How Can a Trustee Remove a Beneficiary From a Trust?
With a trust, your assets are divided among your beneficiaries by a trustee after your death. Can a trustee remove a beneficiary from a trust?
Need to Roll Over Your 401(k) to a New Employer? Here's How
There isn't a cost to roll over your 401(k) account from your old employer to your new employer. Here's how to change your 401(k) over.
Consider the Favorable Tax Treatment of Annuities for Your Retirement
Annuities are given favorable tax treatment, making them a good long-term investment strategy. They provide a guaranteed monthly income in retirement.
Here's When the Social Security Cost-of-Living Increase Takes Effect in 2023
The cost-of-living-adjustment for Social Security beneficiaries is going up by 8.7 percent in 2023. Here's when you'll begin to receive increased Social Security payments.
Seniors Could Be Getting a Grocery Stimulus Check
Grocery stimulus checks for seniors have been requested for a long time, and now Washington has started to take action. Will seniors get the checks?
The Amount You Need to Retire Comfortably in the U.S. Just Got Higher
When it comes to saving for retirement, the pressure is on. American adults say retiring comfortably in the U.S. costs more than ever. What amount do you need to retire comfortably?
How Do Millennials and Gen Zers Compare When It Comes to Retirement Savings? You Might Be Surprised
A new study shows where Millennial vs. Gen Z retirement savings really are, and the results may contradict generational stereotypes.
Estate Planning Isn't Just for Rich People — The Three Documents You Need, According to Expert
Thinking about your own mortality isn't easy, but making sure you have an estate plan is important for your assets and your loved ones — here's why according to expert..
SSA Reveals Social Security Benefits Will Increase Dramatically in 2023
Social Security benefits are adjusted annually to help beneficiaries as inflation rises. The 2023 COLA increase will be 8.7 percent, which is about $140 or more per month.
Secure 2.0: What It Could Mean for Catch-Up Contributions and More
The second iteration of the 2019 Secure Act is underway. Congress wants to make changes to retirement catch-up contributions and more. Here’s what to know.
Find Your Lost 401(k) With This New Rollover Program
Have you ever left a 401(k) account behind after leaving a job? Now there’s a seamless way to roll it over and start investing that money — here’s how.
Woman Says She “Accidentally” Used Wrong Social Security Number for Years in Viral TikTok
A woman went viral on TikTok after stating she "accidentally" used the wrong social security number for years.
These Changes Are Coming to Your 401(k) Statement This Fall
If you contribute to a 401(k), your upcoming statement will have some changes. Here’s what to know about the changes and when they will appear.
Public Workers Get Less Social Security — but That Might Soon Change
Public servants have historically gotten the short end of the Social Security stick. Why do public workers get less Social Security? We have all the details.
FatFIRE: What Is It and How Is It Related to ‘Quiet Quitting’?
Maybe you’ve heard of the FIRE movement, but what about FatFIRE? The FatFIRE movement is an antidote to quiet quitting, and it’s gaining traction.
Republican Candidates Stoke Controversy With Plans for Social Security
One Republican’s plan for social security involves a yearly renewal decision. Another proposed privatizing the program. Both inspired sharp rebukes.
If You Receive Two Social Security Checks in One Month, It Isn't a Bonus
If you received two Social Security checks in one month, it's because the SSA issued your check for the following month early. Don't get too excited.
Social Security Offices Are Open To Walk-Ins Again After Two-Year Closure
Are Social Security offices open for walk-ins? See the latest update on office reopenings from SSA Acting Commissioner Kilolo Kijakazi.
How to Invest in Annuities the Right Way — Timing, Explained
You may want to know how to invest in annuities if you’re worried about outliving your retirement savings. Here's how to invest in annuities the right way.
Social Security Tax Limit 2022 and Exemptions, Explained
The working population ends up paying Social Security tax to fund benefits for existing beneficiaries. What is the Social Security tax limit for 2022?
Social Security Inflation Adjustment Could Be Almost 10% in 2023
Retirees could get an extra $159 per month due to a Social Security inflation adjustment in 2023. Social Security benefits could increase by 9.6 percent next year,
Social Security Isn't Going Bankrupt, Changes Might Be Coming
Social Security trusts swung into deficit in 2021. This has prompted many to ask, is Social Security going bankrupt? No, but there are likely changes ahead.
Michigan’s Retirement Tax Repeal: Governor Whitmer Pushes Agenda
Michigan Governor Gretchen Whitmer (D) wants to repeal retirement taxes. What’s coming for the state’s senior citizens? We'll explain everything.
How to Set Up a Roth IRA and Save for Retirement
Roth IRAs could be one of the best ways to save for retirement. Here's how to set up a Roth IRA account and start planning for your future.
Here’s What Happens to a 401(k) When You Leave a Job
Leaving your job? Don’t forget to bring your 401(k) along with you. Here’s what happens to your retirement savings account and what to do with it.
What to Do With Your 401(k) in a Bear Market — All the Details
Your retirement savings are precious. Here’s how to handle your 401(k) in a bear market and recession. It's important for you to be prepared.
Average 401(k) Losses Don't Necessarily Mean You Should Stop Investing
Although 401(k)s are losing money due to downturns in the stock market, those average losses of 6 percent–7 percent don't mean you should stop investing.
5 Reasons Why You Should Keep Working After Retirement
While a lot of Millennials plan to retire by 40, there are multiple reasons why you should keep working even after retirement. Here's what to consider.
Go-Broke Dates for Social Security and Medicare Get Pushed Back — Again
Social Security and Medicare benefits are set to diminish in the coming years if Congress doesn’t act. Here are the go-broke dates to know about.
Should You Lower Your 401(k) Contribution? Pros and Cons
In a down market, it may make sense to lower your 401(k) contribution. Is it a good idea to lower your contribution? Let's discuss the pros and cons.
Is Beagle 401(k) Safe to Use? A Review of the "Financial Concierge"
Many people want to know if Beagle 401(k) accounts are legit and safe to use. Here’s the rundown. It's important to trust the company that holds your retirement savings account.
Warren Buffett Has an IRA—Should You Get One, Too?
Some investors are wary of making big decisions, and for guidance, they often look to Warren Buffett. Does the Oracle of Omaha have an IRA?
The IRS Has Raised 401(k) Contribution Limits for 2022
401(k) plans enable workers to save for retirement. What contribution limits has the IRS set for 2022?
Fidelity Is Preparing To Let You Save for Retirement With Bitcoin
Saving for old age? Fidelity will soon allow investors to use Bitcoin in their retirement plan, a gamechanger for long-term holdings.
Major Changes Could Be Coming to 401(k) Plans in 2022
As the House passes 'SECURE Act 2.0,' big changes might be coming to 401(k) plans in 2022.
Word on the Street Is That Robinhood Retirement Accounts Are Coming
Robinhood is rumored to be launching retirement accounts. Here’s what to know about things to come for long-term retail investors.
What Are the Best Mutual Funds for Your Roth IRA?
Mutual Funds are a great funding choice for Roth IRAs. What are the best mutual funds for Roth IRAs? Let's take a closer look at the top picks.
IRS Issues Guidance About Disaster-Related Distributions From Retirement Plans
What is a disaster distribution? Learn more about reporting income from disaster-related retirement plan distributions on your tax return.
IRS Changes Life Expectancy Table, Adjusts Mandatory Withdrawals for Retirees
The IRS has imposed new life expectancy factors for elders, which could reduce the required annual withdrawals you need to make from tax-advantaged retirement accounts.