3 Reasons To Break The Rules And Collect Your Social Security Early
While Social Security incentivizes workers to delay claiming benefits, there are scenarios when it makes sense to collect early, even at a reduction.
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This 'Enchanting' State Is One Of The Cheapest For US Tourists To Visit
There's a lot to explore in this southwestern state. Its natural beauty, as well as unnatural attraction (see Roswell) makes for a memorable trip on a budget.
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Why The Average Retirement Age In 2024 Might Be A Little Too Early
Per the Pew Research Center, more Americans today aged 65 and older are remaining in the workforce. Still, the average retirement age is younger.
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Mistakes That Could Cost You Your Social Security Benefits
Nearly 90% of retired Americans aged 65 and older receive Social Security benefits, and for many, it's a significant part (~30%) of their retirement income.
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This Cultured European Country Is A Great Place To Retire (And Cheap Too)
Perks like a comparably low cost of living and highly ranked health care system have made this country in southern Europe a popular one with expat retirees.
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This Scenic Colorado Town Is Gaining A Rep For Its High Cost Of Visiting
This winter city actually has a second high season in the summer, with the busiest days in July and early August, according to its business chamber.
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The Most Expensive Vacation Spot In New York Isn't New York City
The high price to vacation in this Long Island hamlet isn't so surprising when you consider the median listing price for a home here is $2.8 million.
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The Age You Should Be Aware Of To Claim Survivor Benefits
Like Social Security, survivor benefits amounts depend on a beneficiary's age. The benefit reaches 100% at full retirement age, but spouses can claim it sooner.
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This Popular Michigan City Is One Of The Worst Places To Retire: Report
In a recent WalletHub report, this city ranked 177 out of 182 U.S. cities to retire in, ranking above 100 for affordability, quality of life, and health care.
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What Is The 'Bucket Strategy' And How Can It Affect Your Retirement Plans?
This retirement strategy is one way to manage retirement income by way of "buckets" that correspond to short-, medium-, and long-term financial goals.
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3 Reasons To Break The Rules And And Take Out A 401(k) Loan
Yes, you can borrow from a 401(k). Though there can be drawbacks, a 401(k) loan is often a better financial option, as you'll be paying yourself back.
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Retirees Need To Check These Figures Before The End Of 2024
Before the new year, it's a good idea for every person to go through a year-end financial checklist, and especially retirees living on a fixed income.
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What Does A Housing Market Crash Mean For Homeowners?
We spoke with real estate expert Betsy Pepine about the ways a housing market crash affects homeowners and who among this group risks losing the most.
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Little-Known Reasons Not To Max Out 401(k) Retirement Savings Contributions
While adding to a 401(k) is important, there are reasons why trying to max out yearly contributions may not be in your best financial interest today.
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'Ridiculous Expectations': Dave Ramsey Warns Parents To Avoid A Costly Mistake
Dave Ramsey is a proponent of teaching young people financial responsibility early on, and he's against parents giving their kids one particular gift.
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Social Security's Payment Timetable For November 2024
For November 2024, here are key dates for Social Security beneficiaries and SSI recipients to know, including an "extra" SSI payment at the end of the month.
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You Might Want To Consider Retiring In This Overlooked Midwest City
This city offers a cost of living that's 9% lower than the national average, and per Redfin, median home values 71% lower than the U.S. average.
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Rick Steves Warns Travelers To Avoid These ATMs When Traveling In Europe
Rick Steves has been traveling around Europe for over 50 years, and he knows how to travel on a budget. Per Steves, using the wrong ATM could cut into yours.
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How Repaying Student Loans Can Actually Help You With Your Retirement Goals
People paying back their student loans now have another option -- a two-for-one benefit -- that will reduce their debt, while saving for the future.
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The Upside Of Receiving A Spousal Benefit Versus Your Own Social Security
The Social Security Administration determines which benefit is the greater amount. In some cases, though, you may want to delay one of your benefits.
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Is It Worth It: This Utah City Is One Of The Most Expensive Places To Visit
This Utah city reported a 3% increase in visitors for the 2023-24 winter season, but forecast a slower summer. One factor might be the high cost.
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National Social Security Advisors: Can You Trust Them With Your Finances?
NSSA is a designation for financial planners who pass certification. The certification program is not endorsed by the Social Security Administration.
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The Alarming Reasons Young Adults Aren't Doing As Well As Their Parents Financially
We spoke with certified money coach Alaina Fingal about the financial challenges young people face today, from higher education to pricey commutes.
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Actions You Need To Take If You Retire Early To Bridge The Income Gap
According to MassMutual, the average retirement age in the U.S. is 62. That's considered early, as the full retirement age is currently 66 or 67.
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9 AI-Powered Financial Scams To Look Out For In 2024
AI-powered financial scams are an increasing threat as the technology progresses, and therefore, consumers should remain on the lookout.
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Is It Smart To Have Multiple Savings Accounts?
As you focus on building your savings account, have you ever considered maintaining more than one? There's actually no limit to how many you can open.
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The Potential Risk Family Members May Bring To Your Finances In Your 40s
Your highest-earning years are typically between your late 40s and late 50s, which is around the age you may have new (family-related) expenses, too.
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