She Counted on Her Late Husband’s Pension — It Paid $0 After He Died Because of the Survivor Benefit Election
A widow received $0 in pension payments after her husband's death because he had elected a single-life benefit option before he died.
Category Strategies
New Study Found Inflation-Adjusted Social Security Benefits Have Lost 36% of Their Purchasing Power Since 2000
A groundbreaking study from The Senior Citizens League has confirmed what many retirees already suspect: Social Security benefits have lost a staggering...
Fact Check: Does Working Past 70 Increase Your Social Security Benefit? No — Here’s Why It Stops
No, working past age 70 does not increase your delayed retirement credits or your primary Social Security benefit amount.
Warning: Medicare Doesn’t Cover Long-Term Care — And the Average Nursing Home Costs $108,000 a Year
Medicare does not cover long-term custodial care in nursing homes, despite what many retirees assume when they reach retirement age.
New Study Found Retirees Who Claim Social Security at 62 Receive $182,000 Less Lifetime Than Those Who Wait
A new study has confirmed what financial advisors have long advocated: workers who claim Social Security at age 62 forfeit approximately $182,000 in...
$1.3 Trillion — How Much State and Local Pension Funds Are Short Nationwide
State and local pension funds are short approximately $1.3 trillion nationally, a figure that represents a critical funding gap between what governments...
Fact Check: Is a 10% Savings Rate Really Enough to Retire Comfortably? The Numbers Tell a Different Story
No, a 10% savings rate is not enough to retire comfortably. Financial experts and current research make this clear: you need to save 15% of your annual...
She Paid $0.89 in Fees Per $100 Invested and Lost $74,000 Over Her Career
A 0.89% annual fee might seem trivial—89 cents per hundred dollars invested—but compounded over decades of retirement saving, this seemingly small...
Social Security Solvency Crisis Explained in One Statistic That Will Shock You
Social Security's Old-Age and Survivors Insurance (OASI) trust fund will be depleted by 2032—just six years away.
Warning: Underfunded Corporate Pensions Could Affect 1.5 Million American Workers
Approximately 1.5 million American workers and retirees face a genuine threat: the pension plans that were supposed to support their retirement could run...