3 Must-Know Facts About Social Security Survivor Benefits | Personal Finance

3 Must-Know Facts About Social Security Survivor Benefits |  Personal Finance

(Christy Bieber) If your spouse has passed away, you may be entitled to Social Security survivors. These can be a crucial income source once you no longer have a partner to help you make ends meet. Unfortunately, not everyone is aware of the rules surrounding spousal benefits — and a lack of knowledge could cost … Read more

Is Social Security Doomed to Benefit Cuts? | Smart Change: Personal Finance

Is Social Security Doomed to Benefit Cuts?  |  Smart Change: Personal Finance

(Maurie Backman) Millions of seniors today get much or all of their retirement income from Social Security. If you’re still working but planning for retirement, you’re probably factoring those benefits into your calculations. Unfortunately, those benefits may end up being stingier than expected. That’s because Social Security may be forced to cut benefits as early … Read more

Should You Invest in Revlon Stock Right Now? | Smart Change: Personal Finance

Should You Invest in Revlon Stock Right Now?  |  Smart Change: Personal Finance

(Robin Hartill, CFP®) Revlon (NYSE: REV) is the latest company to file for Chapter 11 bankruptcy protection, only to see its stock price spike. Though shares have tanked this week, they’re still up nearly 400% since June 13. The same phenomenon occurred in 2020 when retail investors rushed to invest in big names like Hertz … Read more

Why the $4,194 Max Social Security Benefit Is a Fantasy | Personal Finance

Why the ,194 Max Social Security Benefit Is a Fantasy |  Personal Finance

(Christy Bieber) The maximum monthly Social Security check in 2022 is $4,194. Obviously, since this is the highest possible benefit, not everyone gets this much money — and most people receive much less. In fact, getting a monthly payment anywhere near $4,194 is a fantasy for the majority of Americans. There are two things you’d … Read more

3 Ways to Keep Your Cool in a Bear Market | Personal Finance

3 Ways to Keep Your Cool in a Bear Market |  Personal Finance

(Mark Blank) With the pundits, talking heads, and finance influencers producing a constant stream of stock market “analysis,” it can be difficult to keep your cool when the market is nose-diving. Ironically, the decisions you make during periods like this can have some of the biggest implications on your long-term success as an investor. With … Read more

2 Pitfalls of Only Investing in Index Funds | Personal-finance

2 Pitfalls of Only Investing in Index Funds |  Personal-finance

(Maurie Backman) Some people consider themselves hands-on investors. They like to spend time researching stocks, comparing companies within the same industry, and reviewing financial data to determine which businesses should have a place in their portfolios. Then there are those investors who prefer to take the easy way out by putting their money into index … Read more

Tesla CEO Predicts Recession: How Retirement Savers Should Prepare | Personal Finance

Tesla CEO Predicts Recession: How Retirement Savers Should Prepare |  Personal Finance

(Catherine Brock) Tesla CEO Elon Musk recently predicted that the US economy would dip into a recession soon. Speaking at the Qatar Economic Forum, Musk said characterized as “more likely than not” in the near term. Say Musk turns out to be right: How would that affect your ability to save for retirement? Recessions can … Read more

Future Retirees Are at Risk of a $361,000 Mistake | Personal Finance

Future Retirees Are at Risk of a 1,000 Mistake |  Personal Finance

(Christy Bieber) If you haven’t retired yet, you’re hopefully making financial plans for the day you leave the workforce for good. Investing for retirement is a lifelong endeavor, and it’s crucial to ensure you have a clear idea of ​​how much money you’ll require. Unfortunately, many current workers are making a big mistake when planning … Read more

Why I Love the Idea of ​​a Partial Retirement | Personal Finance

Why I Love the Idea of ​​a Partial Retirement |  Personal Finance

(Maurie Backman) Retirement can be a big change for a lot of people. And it’s not always a positive one. It’s not uncommon to eagerly anticipate retirement, only to wind up bored and stressed about money once that milestone rolls around. That’s why a partial retirement could be a good bet. Here’s why I love … Read more

3 Ways Your Social Security Could Increase in 2023 | Personal-finance

3 Ways Your Social Security Could Increase in 2023 |  Personal-finance

(Katie Brockman) Millions of older Americans rely on Social Security to pay the bills in retirement. While your benefits were never designed to be your sole source of income, they can go a long way toward making ends meet. In 2022, the average retiree collects around $1,657 per month in benefits, according to the Social … Read more