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 living...
$108 Billion — The Estimated Annual Cost of Elder Financial Fraud That Drains Retirement Accounts
The figure of $108 billion may circulate in discussions about elder financial fraud, but current federal data tells a more nuanced story.
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...
New Study Found That Gen X Workers Are Facing a $700 Billion Collective Retirement Savings Shortfall
A new study has confirmed what financial advisors have been warning for years: Generation X faces a staggering retirement readiness crisis.
Warning: 7 in 10 Americans Underestimate How Long They’ll Live in Retirement
Seven out of ten Americans are miscalculating one of retirement's most consequential variables: how long they'll actually live.
Fact Check: Will Working One Extra Year Really Make a Big Difference in Retirement? Here’s the $47,000 Answer
Working one extra year can indeed make a substantial difference in retirement—potentially worth around $47,000 or more in total retirement income,...
At Least 30% of Americans Have Cashed Out a 401k Early and Paid the 10% Penalty
Yes, millions of Americans have cashed out their 401(k) plans early and absorbed the 10% penalty.
$3,600 — The Annual Difference Between Retiring at Full Retirement Age vs. 70 for the Average Beneficiary
For the average Social Security beneficiary, waiting to claim at age 70 instead of at full retirement age (typically 66 or 67, depending on birth year)...