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...
At Least 60% of Americans Have Not Calculated How Much Money They Actually Need to Retire
Most Americans haven't done the math. A significant portion of the working population—roughly one in four—has never calculated how much money they...
$150,000 in Medicare Premiums — What the Average Couple Will Pay Over a 20-Year Retirement
A retired couple at age 65 can expect to pay approximately $150,000 in Medicare premiums over 20 years of retirement, with premiums rising steadily as...
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...
Warning: The Average American Spends 20 Years in Retirement — Most Plans Don’t Account for That Length
The average American spends approximately 20 years in retirement—a reality that most people planning their exit from the workforce fail to adequately...
New Study Found That 401k Participants Pay an Average of $1,700 in Fees Per Year Without Knowing It
Yes, 401(k) participants are paying significant fees each year, and most have no idea how much money is leaving their accounts.
At Least 35% of Workers Plan to Keep Working in Retirement Because They Have No Choice
Over one in three American workers—at least 35 percent—plan to continue working well into what should be their retirement years, not because they want to...
$1,000 Per Month Withdrawn at 62 vs. 70 — The $220,000 Lifetime Difference Most People Don’t Calculate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 your full...