Vacation survival tips from 5 financial professionals

For Ryan Decker, surviving the holiday shopping season is all about planning ahead. In fact, if he sees a gift for one of his two young sons in March, he’ll go ahead and buy it, instead of rushing through his December shopping list. “It lightens the load greatly,” he says, making December bills easier because … Read more

How to score an extra $1,830 per Social Security check

(Christy Pepper) The amount of your Social Security benefits can vary greatly based on the decisions you make. In particular, the age at which you choose to claim benefits can have a particularly profound effect on the amount of money you ultimately receive. In fact, you can boost your monthly payment by up to $1,830 … Read more

Here’s the number one place to store your retirement savings in 2023

(Kylie Hagen) Growing your wealth requires strategy as well as spare cash, and one of the most important decisions you have to make is where you keep your money. The account you choose determines your investment choices, when you pay taxes on your money, and how much you can set aside each year. But the … Read more

Personal Finance: Saving for Retirement in Case of Divorce Later | Business

Ending a marriage can be emotional and challenging at any age, even if both parties agree that it is the right decision. When couples over 50 break up, they often face the added task of supporting two separate retirement plans with the assets intended for their combined nest egg. If you find yourself in this … Read more

3 basic rules for managing your money in retirement

(Maury Bachman) You may end up with a few different sources of income at your disposal in retirement, including a monthly benefit from Social Security and the nest egg you worked so hard to build. In fact, ideally, the latter will be a greater source of income for you than the former. But even if … Read more

How stay-at-home couples can build credit

Couples share a lot, but regardless of your relationship status, your credit score belongs to you and only you. Even if you get 100% financial support from your spouse or partner, establishing and building your credit score is essential. It can benefit both of you as you navigate financial decisions together. But in the event … Read more

Do you want more retirement income? Here is one investment worth holding

(Maury Bachman) Retiring on Social Security alone is generally a bad idea. These benefits will only replace about 40% of your pre-retirement pay if you earn a median salary. This assumes that benefits are not significantly reduced in the future. Since Social Security is facing a fiscal shortfall, seniors may have to deal with it … Read more

3 Social Security tips to avoid costly mistakes

(Dan Caplinger) It is important to make the most of your Social Security benefits. The problem, however, is that the program is complex, and it’s easy to miss the benefits that are available or aspects of the program that can kill the benefits. In particular, there are three things that many people don’t realize social … Read more