Warning: Some Financial Advisors Charge 2% AUM Fees That Cost $60,000 Over 10 Years
Yes—a 2% annual asset-under-management fee can easily cost you $60,000 or more over 10 years, and often significantly more depending on your starting...
Category Strategies
New Study Found That Federal Retirees Who Max Out TSP at Catch-Up Save $87,000 More
A recent analysis examining federal employee retirement savings suggests that workers who maximize Thrift Savings Plan catch-up contributions can...
At Least 52% of Retirees Underestimate How Long Their Savings Need to Last
More than half of retirees are making a critical mathematical error that puts their financial security at serious risk: they're underestimating how many...
$18,756 Per Year Is the Average Cost of Adult Day Care Services in High-Cost States
The cost of adult day care services has become a significant line item in retirement budgets for older Americans managing chronic conditions, cognitive...
QDRO Filing Crisis Explained in One Statistic That Will Shock You
The most shocking reality about QDRO filings isn't a single statistic—it's that the typical processing timeline stretches from six to eight months, a...
Warning: Some Annuity Surrender Charges Lock Up Your Money for 10 Years or More
Yes, some annuity surrender charges can lock your money away for 10 years or longer. If you withdraw funds from a deferred annuity during the surrender...
He Missed Two RMDs and Received a $14,700 IRS Penalty He Couldn’t Afford
Missed Required Minimum Distributions can trigger severe IRS penalties that devastate retirees already living on fixed incomes.
At Least 1 in 4 Retirees Will Be Targeted by a Phone Scam This Year
While the precise statistic of "1 in 4 retirees" may vary by source, the data is undeniably alarming: four out of every ten older Americans—40...
$2,300 Average Monthly FERS Pension Is Not Enough to Cover Basic Living Costs in 23 States
A monthly FERS pension of approximately $2,300 is inadequate to cover basic living costs in at least 23 states, according to affordability analysis...
Reverse Mortgage Risk: What Most Americans Don’t Know Could Cost Them Thousands
Most Americans believe that a reverse mortgage offers a safe way to tap into their home's equity without monthly payments.