50% of pre-retirees think Social Security will be a major source of senior income, and that's a problem
However, 50% of pre-retirees may be in for a huge financial shock for one big reason: They expect the same out of Social Security at a time when future benefit cuts are very much on the table.
Americans' retirement plans are improving, but here's how to make yours even better
A recent survey found that two thirds of American workers are saying they are at least somewhat confident that they are doing a good job preparing financially for retirement.
7 states where Social Security benefits are $100 (or more) above the national average
Retirement benefit tends to vary pretty significantly from state to state.
4 ways to maximize your Social Security checks
Do you want the largest Social Security check possible? Here's what you can do.
You won't believe how many Americans saved nothing for retirement last year
Independent savings are crucial to enjoying a decent standard of living when you're older and you no longer collect a paycheck from work.
65% of pre-retirees worry they won't manage to pay for this major expense
Long-term care can be an exorbitant expense -- one that many people don't plan for properly. Here's what the costs involved look like today.
20% of Americans plan to make this dangerous move during COVID-19
Taking an early retirement plan withdrawal is a bad idea for three big reasons.
3 ways your Social Security checks could be reduced by COVID-19
Many retirees head into their senior years expecting Social Security to help them make ends meet, but there are a few ways COVID-19 could reduce your future monthly checks.
Coronavirus puts full Social Security benefits at risk years earlier than expected, researchers say
Depending on the shape of the economic recovery, the program's trust fund could run dry even sooner.
How to hold on to your wealth-building dreams (even if you've been laid off)
Don't obsess about the stock market. Focus on the money choices you can control today.
On the fence about starting Social Security early? Consider this
Are you worried that the coronavirus pandemic has upended your retirement portfolio and hurt your chances of postponing retirement? There is one way you can start your benefits now, claim your checks and grow them too.
This percentage of Americans may be postponing retirement due to COVID-19
Do you really need to go to the extreme of delaying retirement? Or is there a way to salvage your original plans?
How rich are you? Richer than you think
When surveyed last year, people cited an average net worth of $2.3 million as the point at which they'd consider themselves "rich," per the folks at Schwab. That's just an average, though; plenty of people would feel rather rich with a lot less.
Americans tapping retirement savings after coronavirus-led job loss, study finds
The coronavirus pandemic has caused 38.6 million job losses
Where Americans are spending and saving money in coronavirus pandemic
Americans spent more on essential goods and home entertainment and spent less on travel and eating out, according to a new survey.
Coronavirus drives retirees to spend ‘much more’ on this expense than anticipated
40 percent of retirees said they’re spending more on health and dental care than they thought would.
48% of workers retire earlier than planned -- and that figure could rise due to COVID-19
Unemployment levels in the U.S. have reached a high because of the pandemic, and older workers are hurting for it. Here's how you can start building your financial security to ensure your later years.
How to retire on time in spite of COVID-19
If you're worried that COVID-19 will force you to delay retirement, you're not alone. But here are a few things you can do to avoid that fate.
Hawaii public pension fund suffers worst loss in 17 years
Hawaii's largest public pension fund, which provides retirement, disability and survivor benefits suffered its worst quarterly loss in more than 17 years due to the economic impact of the coronavirus.
4 financial milestones you must reach before retirement
Reach these four milestones, and you'll know you have the right skills and mindset to live on a fixed income.