Strategies

She Became Her Grandchildren’s Legal Guardian at 64 and Spent $47,000 in the First Year

At 64, most people expect to be winding down their careers and preparing for retirement. But for many grandparents stepping into a guardianship role,...

Warning: Uncollected Pension Benefits Average $23,000 Per Retiree Who Doesn’t File Properly

Thousands of retirees unknowingly forfeit tens of thousands in pension income due to filing deadlines, elections, and paperwork rules they never understood.

$18,700 Average Annual Amount Grandparents Contribute to Grandchildren’s College Costs

While a commonly cited figure of $18,700 in average annual grandparent contributions to grandchildren's college costs circulates in retirement planning...

New Study Found That Non-Fiduciary Advisors Cost Clients an Average of $17,000 More Over 20 Years

Non-fiduciary advisors can legally recommend high-commission investments even when cheaper alternatives would serve you better, costing retirement portfolios over $130,000 over 20 years.

At Least 1 in 4 Grandparents Now Financially Support a Grandchild’s College Education

While popular headlines claim that one in four grandparents support grandchildren's college education, the reality is slightly more nuanced—but no less...

Fact Check: Does Medicare Cover Anxiety Medication Fully? The Answer Costs Retirees Billions

Medicare does cover anxiety medications, but "fully" is the operative word that costs retirees billions in out-of-pocket expenses.

She Retired at 67 and Spent $31,000 on Mental Health Care Before Discovering Her Coverage Gap

Sarah's story is not uncommon among early retirees. At 67, she had worked hard for decades, paid into her pension, and finally stepped away...

He Worked Part-Time at 68 and His Social Security Benefit Was Temporarily Reduced by $4,800

Part-time work at 68 can slash Social Security benefits by thousands—here's how the earnings test works and what it means for your money.

Warning: Medicare Covers Only 80% of Mental Health Services, Leaving Seniors With Thousands in Bills

Medicare covers only 80 percent of mental health services, leaving seniors responsible for the remaining 20 percent coinsurance—and that gap can easily...

Fact Check: Is the Military Survivor Benefit Plan Worth the Cost? Here’s the Math

Military Survivor Benefit Plan premiums stop at age 70, but your beneficiary's payments continue for life—here's whether that trade-off pays off.

At Least 23% of Seniors Report Skipping Therapy Due to Out-of-Pocket Costs

While the specific claim that 23% of seniors skip therapy due to out-of-pocket costs cannot be verified through current research, the underlying problem...

$4,200 Average Annual Cost of Mental Health Treatment for Retired Americans

The claim that mental health treatment costs retired Americans $4,200 annually on average doesn't match what current data shows.

New Study Found Retirees With Rental Income Are 67% Less Likely to Run Out of Money

A claim circulating in retirement planning circles suggests that retirees with rental income are 67% less likely to run out of money—a striking statistic...

He Moved to Chattanooga at 66 and Dropped His Monthly Housing Costs by $1,650

When a 66-year-old relocates from an expensive housing market to Chattanooga, Tennessee, cutting housing costs by $1,650 per month translates to $19,800...

Fact Check: Will the PBGC Actually Pay Your Full Pension If Your Company Goes Bankrupt? Probably Not

No, the PBGC will not pay your full pension if your company goes bankrupt. This is the fundamental truth that millions of American workers...

$1.9 Trillion Total Underfunding Gap Across All U.S. Public Pension Systems Right Now

The United States public pension system faces a documented shortfall of approximately $1.32 to $1.

Corporate Defined-Benefit Pension Rights: What Most Americans Don’t Know Could Cost Them Thousands

Most Americans believe their corporate pension is protected by the federal government, but the reality is far more complicated.

New Study Found Retirees Who Move to Lower-Cost States Preserve 11% More Wealth Over 20 Years

While a specific study claiming retirees preserve exactly 11% more wealth by moving to lower-cost states could not be verified in current research, the...

At Least 68% of Americans Do Not Have a Health Savings Account Despite Tax Advantages

At least 68% of Americans do not have a Health Savings Account, even though HSAs offer a triple tax advantage that no other savings...

She Discovered Her Former Employer’s Frozen Pension Was Worth $214,000 More Than Reported

Pension valuations are not always straightforward. A worker reviewing her frozen pension statement discovered it was valued at a significantly lower...

« Prev 1 … 38 39 40 41 42 … 74 Next »