Strategies

At Least 18% of Workers Over 65 Are Still in the Workforce — the Highest Rate in 50 Years

Yes, at least 18% of workers over 65 are still in the workforce—and we've now surpassed that threshold.

$2,200 vs. $3,822 — The Monthly Gap Between Average and Maximum Social Security Benefits Explained

The gap between the average Social Security benefit and the maximum benefit is significant: the difference lies not just in dollars—roughly $1,100 per...

Social Security Benefit Reduction in 2033: The Numbers Are Worse Than You Think

In 2033, Social Security will only be able to pay 77% of scheduled benefits—meaning a 23% automatic cut will hit retirees unless Congress acts.

He Retired at 65 With No Debt and $280,000 — His Plan Ran Dry Before His 80th Birthday

A retirement that lasts 15 years when you're planning for 30 is a financial disaster. This story—retiring at 65 with $280,000 and no debt,...

New Study Found That Retirees Consistently Underestimate Out-of-Pocket Medical Costs by 40%

A significant gap exists between what retirees expect to pay for healthcare and what they actually spend.

Fact Check: Does the Government Insure Your Pension? The PBGC Covers Only Up to $7,362 Per Month

Yes, the government does insure your pension—but with a significant catch. The Pension Benefit Guaranty Corporation (PBGC), a federal agency, protects...

Early Withdrawal Penalties: What Most Americans Don’t Know Could Cost Them Thousands

Most Americans don't realize that withdrawing money from their retirement accounts before age 59½ can cost them nearly 40% of the amount they actually...

She Thought Her Social Security Benefit Would Be $2,100 — Windfall Elimination Provision Cut It to $1,430

Yes, under the Windfall Elimination Provision (WEP), someone expecting a $2,100 monthly Social Security benefit could have seen it reduced to $1,430—a cut...

$1,000 Per Month Withdrawn at 62 vs. 70 — The $220,000 Lifetime Difference Most People Don’t Calculate

If you start withdrawing $1,000 per month at age 62 instead of waiting until age 70, you'll collect $96,000 over those eight years before...

Fact Check: Is Social Security Income Really Taxable? Up to 85% of Benefits Can Be — Here’s the Threshold

Yes, Social Security income is taxable, and the extent of taxation depends on your total income.

Pension Promise vs. Reality: What Most Americans Don’t Know Could Cost Them Thousands

Most Americans believe their pensions are secure promises that will be paid in full during retirement. The reality is far more complicated.

At Least 22% of Americans Over 65 Live in or Near Poverty

At least 22% of Americans over age 65 live in poverty or near-poverty conditions, meaning roughly one in five seniors struggles to cover basic...

He Assumed His Pension Was Guaranteed — His Company Filed for Bankruptcy and Benefits Were Cut 30%

Your pension can be cut, even if your employer promised it was guaranteed. When a company files for bankruptcy, the Pension Benefit Guaranty Corporation...

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.

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%...

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