Established in 1935 to provide a federal safety net for elderly Americans, the disabled, children, and survivors of a deceased spouse/parent. Social Security benefits havehas become the primary source of income to many elderly Americans and will provide $1.2 trillion in benefits to 70 million people in 2021. For about half of seniors in the United States, Social Security benefits provideprovides at least 50% of their income and provideprovides at least 90% of income for about a quarter of all seniors. As of 2021, the maximum monthly retirement benefit a person can receive from Social Security is $3,895.
As you near retirement, it’s incredibly important to have a wise investment strategy in place to ensure financial security during your golden years. During retirement, you’ll rely on your investments…
The idea of building passive income has become a popular wealth-building strategy in recent years, though the concept has been around for generations. As you prepare for retirement or if…
Planning for retirement is like getting ready for a long road trip. You meticulously plan out the routes you’ll take, the cash you’ll need for your adventures, and, if you’re…
As the golden years approach, many seniors find themselves reviewing their financial standings and wondering if they’ve saved enough to retire comfortably. One important factor when evaluating personal finances is…
As seniors approach retirement, one of their most common concerns is ensuring their hard-earned savings last throughout their golden years. Maximizing savings requires careful planning, smart retirement money management, and…
Passing on an inheritance to your children can be a complex planning journey. There are many considerations to take when determining if, how, and when to leave money for your…
Historically, retirement evoked dreams of moving to a sunshine state, regularly playing golf, and relaxing. While some of those dreams may still apply to today’s seniors, the concept of retirement…
As you approach retirement, have you thought about how to maximize Social Security benefits? Having a solid Social Security strategy in place during retirement can help you get the most…
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