motley fool

Why Social Security’s Financial Woes Should Worry You — Even if You’re Nowhere Near Retirement

(Maurie Backman) You may have heard that Social Security is running out of money and won’t be around in the near future. The good news is that that’s not true. Social Security may be looking at a financial shortfall, but it’s not at risk of disappearing completely. It is, however, at risk of benefit cuts. …

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Want More Retirement Income? Here’s One Investment Worth Holding

(Maurie Backman) Retiring on Social Security alone is generally a bad idea. Those benefits will only replace about 40% of your pre-retirement wages if you earn an average salary. And that assumes benefits aren’t reduced substantially down the line. Because Social Security is facing a financial shortfall, seniors might have to deal with benefit cuts …

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Want More Retirement Income? Here’s One Investment Worth Holding

(Maurie Backman) Retiring on Social Security alone is generally a bad idea. Those benefits will only replace about 40% of your pre-retirement wages if you earn an average salary. And that assumes benefits aren’t reduced substantially down the line. Because Social Security is facing a financial shortfall, seniors might have to deal with benefit cuts …

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Do You Know All 4 of These Social Security Secrets?

(Dan Caplinger) If you want to get bigger Social Security checks when you retire, it’s important to know everything you can about the federal-government program. Unfortunately, it can be tough to get the information you need, and many people are still in the dark when it comes to key aspects of Social Security that determine …

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3 Retirement Savings Plans We Should All Be Thankful For

(Maurie Backman) Thanksgiving is a time to express gratitude — for great food, good health, and the important people in our lives. But this Thanksgiving, it certainly wouldn’t hurt to take a little time to acknowledge the many terrific financial products that make saving for the future easier. Sure, you could opt to house your …

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Want to Leave Part of Your Nest Egg to Your Heirs? This Account Is the Right One for You

(Maurie Backman) You may end up in a situation come retirement where you need all of your savings to cover your living expenses. After all, many people do. But what if you end up in a different position? It may be that you’ve managed to amass such a large amount of retirement savings that there’s …

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Good News — Fewer Savers Made This Dangerous 401(k) Move Last Quarter

(Maurie Backman) Inflation has created a financial crunch for a lot of people this year. So if you’ve had a harder time covering your living costs, you’re in good company. In fact, you may have reached the point where you needed a loan this year. And if so, rather than dealing with applications at various …

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