What does it take to retire with a comfy $10,000/month in America? It's probably less than you think
Let’s not forget when you retire will have an impact on what it’ll take for you to comfortably take out $10,000 a month ...
Is a fully paid-off home in retirement really worth it? Not for all US retirees — here’s why
Carrying a mortgage into retirement means seniors need more money as their housing expenses are higher when they must send a payment to a lender. This may make it seem like all seniors should focus on ...
Higher-earning spouses should wait to claim — but lower-earning spouses may not want to
Waiting makes sense if you are the higher-earning spouse — but if you're claiming spousal benefits, waiting may not be the right approach.
moneywise15d
The US made major Social Security changes for 3 groups of older Americans — here’s how it could impact you in 2025 (and beyond)
Several changes to Social Security have gone into effect this year, impacting the nearly 68 million people who receive Social Security payments. Some of these changes are great news for beneficiaries ...
moneywise14h
Preparing for Social Security’s uncertain future
With the help of a qualified professional, like those found through WiserAdvisor, you can easily plan when, where, and how you want to retire — and look at your Social Security benefits as an added ...
moneywise16d
What is the safe withdrawal rate for 2025?
A safe withdrawal rate is the percentage of your retirement savings you should be able to withdraw annually without risk of your money running out too soon. For decades, the 4% rule was the de facto ...
moneywise7d
My spouse passed away at 59. I'm 63 and mostly worked odd jobs with little Social Security contributions. Can I claim their benefits?
The nice thing about Social Security is that it's designed to help take care of you for the rest of your life once you claim benefits. People typically become eligible for Social Security by working ...
moneywise10d
Is there a ‘right’ age to take benefits?
The earliest age a taxpayer can tap into their Social Security benefits is 62. However, full benefits can only be accessed once you hit your full retirement age. This system has sparked passionate ...
moneywise3d
I’m 65, single and just inherited $420,000 from my mom who recently passed away. How do I make sure this money lasts?
Preparing for retirement isn’t always about stashing a portion of your paychecks for your golden years. For some, it’s about accepting a windfall late in life and trying to make the money stretch. Let ...
moneywise4d
Here are 3 major Medicare updates happening in 2025 — will you end up spending less?
Typically, retirees — just like everyone else — get just one chance a year to make modifications to their Medicare coverage so it's critical older adults stay on top of changes to the program ...
moneywise8d
I’m 52, my portfolio just hit $2,000,000, and I want to spend $150,000/year comfortably — can I make the math work and retire now?
The good news is that a $2 million nest egg is not too shabby and can sustain you for the rest of your life as long as you don’t spend it irresponsibly. According to Vanguard's 2024 How America Saves ...