What does it take to retire with a comfy $10,000/month in America? It's probably less than you think
Let’s not forget when you retire will have an impact on what it’ll take for you to comfortably take out $10,000 a month ...
Higher-earning spouses should wait to claim — but lower-earning spouses may not want to
Waiting makes sense if you are the higher-earning spouse — but if you're claiming spousal benefits, waiting may not be the right approach.
moneywise3d
Here are the 4 most worrisome things about the 2025 Social Security change to COLA — and how to prepare for what’s ahead
Social Security’s annual cost-of-living adjustment (COLA) helps keep retirees afloat as inflation erodes purchasing power. But this year, it’s sparking some anxiety. Millions of Americans are facing ...
moneywise3d
Looking for early freedom? Here’s what happens to your Social Security benefits in America when you retire at 55
Most people qualify for Social Security after 10 years of working and earning work credits. However, if you work for less than 35 years, you’ll shrink the benefits you get — which could easily happen ...
moneywise4d
I’m 45, have $2,500,000 in savings and want to quit my high-stress job in order to travel — how long can my money last?
Early retirement is a dream for many people, especially for those in high-stress positions. If you're 45 years old, have $2.5 million saved up and are not enjoying your work, it's absolutely ...
moneywise6d
I lost my $1,700,000 home in the LA wildfire — what happens to my mortgage?
Thousands of people have lost their homes in the Palisades and Eaton wildfires that ripped through Greater Los Angeles in early January, driven by the powerful Santa Ana winds. And sadly, more fires ...
moneywise6d
My spouse passed away at 59. I'm 63 and mostly worked odd jobs with little Social Security contributions. Can I claim their benefits?
The nice thing about Social Security is that it's designed to help take care of you for the rest of your life once you claim benefits. People typically become eligible for Social Security by working ...
moneywise6d
Here are the 3 top fears causing aging Americans to delay retirement — how many are holding you back?
The median retirement age for Americans is currently 62, with 7 in 10 retirees saying they left the workforce earlier than age 65, according to the Employee Benefit Research Institute. But because ...
moneywise6d
Bumble's CEO steps down after just 1 year
Lidiane Jones stepped into the role of CEO at Bumble, the popular online dating platform, in January 2024. However, just one year later on Jan. 17, Bumble announced that founder Whitney Wolfe Herd ...
moneywise6d
'The wealthiest middle class'
The top 1% of earners in America hold more wealth than the entire middle class combined. Grant Cardone believes it’s time to change that. In December, Cardone posted, “America should have the ...
moneywise7d
I’m 52, my portfolio just hit $2,000,000, and I want to spend $150,000/year comfortably — can I make the math work and retire now?
The good news is that a $2 million nest egg is not too shabby and can sustain you for the rest of your life as long as you don’t spend it irresponsibly. According to Vanguard's 2024 How America Saves ...
moneywise7d
Should I work one more year?
The average American household spends $6,440 a month (or $77,280 a year) on living expenses, including housing, transportation, food, insurance, health care and entertainment, according to the most ...