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.
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.
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.
Social Security: Full Retirement Age Reaches a Maximum of 67 Years Old
A damaged economy is bad news for social security recipients. Many people want to know how old they have to be to cash in before it’s too late.
Yes, You Can Roll Your 401(k) Into an IRA (and You Might Want To)
Can a 401(k) be rolled into an IRA? Learn what you can do with your retirement savings when you change jobs—and why an IRA might be advantageous.
Where Are the Cheapest Places to Retire? Consider These 5 U.S. States
When a person is considering retirement, many financial factors come into play. So, where are some of the cheapest places to retire in the U.S.? These states are at the top of the list.
Are 401(k) Benefits Worth It Without Employer Matching Contributions?
Is a 401(k) worth it even if you don't get a company match? Although the match is a top benefit, a 401(k) offers other retirement benefits that are worth considering.
Should You Buy an Annuity? A Contested Topic in the Financial Sphere
Annuities are insurance products that provide guaranteed monthly payments in retirement. They aren't the best option unless you've maxed out other retirement contributions.
How to Shape Your Retirement and Contribute to a 403(b)
There are several ways to contribute to your retirement plan, in particular you can contribute to a 403(b). How much should you contribute to a 403(b)?
What Are the Best States for Retirees, Based on Taxes?
As you get closer to retirement, you might start considering the best states for retirees to relocate that have low taxes. Which states are on the list?
Solo 401(k) Versus SEP IRA: Saving for Retirement While Self Employed
You have options when saving for retirement as a self-employed individual even though you don't get a 401(k) match. What's the difference between a Solo401k and SEP IRA?
Social Security Sets a New Disability Earnings Limit in 2022
Social Security sets limits for earnings each year for disabled people to continue receiving disability benefits. What are new earnings limits for 2022?
Good News: Social Security Benefits Are Increasing in January 2022
The SSA (Social Security Administration) will be increasing Social Security benefits in January 2022. The benefits will increase by 5.9 percent.
Important Changes to Medicare Deductibles and Premiums for 2022
Medicare expenses for beneficiaries are going up in 2022, with higher premiums and deductibles in Medicare coverage.
How Do Roth IRA, Traditional IRA, HAS, and 401(k) Work?
Roth IRA, traditional IRA, and 401(k) are retirement savings plans. HSA is about savings for medical expenses, but it can boost a retirement fund.
Maximum Social Security Benefit Increase for 2022 Is Highest in Years
In 2022, the maximum Social Security benefits will be the highest it has been in years. The increase is due to a 5.9 percent cost-of-living adjustment.
How Much Can You Earn in 2022 and Still Draw Social Security Benefits?
Several changes are being implemented into Social Security for 2022. Among them are earnings. What's the income threshold for beneficiaries who still work?
How Are Social Security Numbers Assigned? All About the 9-Digit Number
Social Security numbers have become de facto national identification numbers used for many purposes. How are Social Security numbers assigned?
Cashing Out Your 401(k) to Pay Off Debt—Consider Alternatives First
Cashing out your 401(k) to pay off debt comes with consequences. What are the pros and cons? In some cases, cashing out your 401(k) might make sense.
Social Security to Increase in 2022—Here's How Much You Will Get
The cost of living is on the rise. To account for inflation, social security payments are going up for 2022 too. How much money will you end up getting?
Direct Express Is the Easiest Way to Receive Social Security Benefits
Direct Express is the newest and safest way to receive your social security benefits. Here's how you can enroll and receive your payment automatically
How Much Social Security Will I Get at Age 63? Benefits, Explained
Your monthly Social Security benefit payment at age 63 depends on whether your full retirement age is 66 or 67.
How Do Refugees Get a Social Security Number?
Refugees usually get a social security number alongside their work permit. They can obtain permanent resident status after staying for a year.
Several Factors Determine How Your Social Security Benefits Are Calculated
Social Security benefits are calculated using a specific formula based on your date of birth, lifetime earnings and other factors. Here's how you Social Security benefits are calculated.
COLA 2022 Adjustment: Bigger Social Security Checks Are Coming
The Social Security Administration is expected to make an announcement regarding a 2022 COLA adjustment soon.
Social Security Increase Could Be Largest in Decades Amid Inflation Surge
The Social Security Administration is set to announce the 2022 COLA hike, which may increase payments by over $200. Here's what seniors should know.
What Happens to Social Security Payments if the U.S. Defaults on Its Debt
On Oct. 7, the U.S. Senate temporarily increased the debt ceiling limit. What happens to social security payments if the U.S. defaults on its debt?
Will the Debt Ceiling Impact Social Security Payments?
Social Security retirement benefits are calculated based on lifetime earnings and age. Here’s what you need to know.
Will Social Security Recipients Get a $200 Raise in 2022?
Social Security recipients could get an extra $200 per month in 2022. Such adjustments are usually announced in October and take effect in January.
Will There Be a Fourth Stimulus Check for Social Security Recipients?
A seniors’ rights organization is seeking a fourth stimulus check of $1,400. Who benefits from Social Security?
Social Security Spousal Benefits: How a 2015 Act Closed Loopholes
Social Security benefit claims can be complicated. In 2015, Congress closed loopholes that allowed spousal benefits that exploited the system.
Who Borrowed From Social Security? U.S. Treasury Bonds, Explained
Who borrowed from Social Security? Learn how the U.S. Congress can borrow from the Social Security surplus by way of U.S. Treasury bonds.
Over 180 Countries Besides the U.S. Have Some Kind of Social Security
Over 180 countries and territories have some form of Social Security similar to the U.S. Social Security program.
What Happens When Social Security Runs Out?
Millennials have heard their entire lives that they might not have access to social security benefits when they retire. What really happens when social security runs out?
Update Shows Social Security Benefits Could Increase 6.2% in 2022
The Social Security annual COLA (cost-of-living adjustment) for 2022 could be the highest in almost four decades, according to the Senior Citizens League.
Social Security Mail Delays Tracked to “Critical Issues” at SSA Facilities
Social Security mail delays are the result of “critical issues” at Social Security Administation’s facilities, according to a new report.
How to Get an Unrestricted Social Security Card in the U.S.
How do you get an unrestricted social security card? The Social Security Administration details the process for cards with no employment restrictions.
How Social Security 5-Year Residency Rule Impacts Non-Citizen Spouses
The Social Security Administration has a 5-year residency rule for non-citizen individuals in spousal relationships with Social Security number holders.
Why Are Social Security Benefits Taxed and Will It End?
Social Security benefits are taxed for many Americans up to 85 percent due to lack of funding. Will the taxes on Social Security end?
Social Security Benefits are Taxed Based on Income, Not Age
Those eligible for social security benefits could be taxed because of the amount of money they make.
Why Is Social Security Running Out?
Social Security is projected to deplete its surplus by 2035, which leads to reducing scheduled benefits.
Did You Receive Extra Money From Social Security This Month? Here’s Why
Did you receive more money than you were expecting from the SSA? Here’s what you need to know (including whether you need to pay that money back).