The average retiree will receive enough from Social Security to keep ahead of the poverty level but not much beyond that.
By contributing to your traditional 401(k) plan, you can save on taxes today and build a nest egg for your future at the same time.
At this point, energy pipeline giant Kinder Morgan does not expect to boost its dividend in 2017, but it is setting itself up for a likely increase to the payout in 2018.
Kinder Morgan, Prudential Financial, and Kroger are three very solid companies that have earned their slots among our household's top holdings.
Because of the way bonds react to interest rate changes, some high-quality bonds can fall around 15%-20% from a single percentage point increase in interest rates.
According to the most recent Social Security Trustees Report, 2020 is the year that the program will start becoming a net drag on the Treasury.
You know there are big changes coming for you. These moves will help you build a solid foundation for a financial plan for the next stage of your life.
If you haven't started saving yet, there's no time like the present.
Your employer might have money it wants to hand you that you're passing up. The catch? To get that cash, you first need to contribute to your 401(k) plan.
401(k), 403(b), and Thrift Savings Plan contributions must be made by Dec. 31 to count as 2016 contributions to your retirement plan.
It will likely take you around 15 minutes to sign up for your 401(k) at work, and those 15 minutes may be the most important of your financial life.
Social Security's wage base is increasing in 2017, raising taxes on people earning more than $118,500. Social Security beneficiaries may also see their taxes increase, depending on their combined income.
Once you're on the government's health insurance plan, your health care costs will be subsidized, but you can still expect to pay a substantial amount on your own.
Medicare premium increases will likely eat through most Social Security recipients' very modest inflation adjustment in 2017.
Owning stocks to cover your longer-term retirement needs can help improve your odds of assuring your investments last as long as your retirement does.
Your Social Security benefit check is based on your or your spouse's earnings history. The Social Security Administration is happy to share with you its best estimate of what you'll receive.
If you want a successful retirement, the last few years just before you call it quits through the first few years after you've retired are critical to your ultimate financial success.
The typical Social Security retirement payment is barely enough to keep a person above the poverty level. If you want your golden years to be financially comfortable, you'll need more than what Social Security can provide on its own.
It could be a great company to work for. It might even turn out to be a decent investment. And there's a decent chance you'll end up owning shares anyway. But the risks of relying too heavily on this particular company's stock to carry you through your golden years outweigh the potential benefits of ownership.
Once you're in your 50s, time may no longer be your ally when it comes to building your retirement nest egg, but you still have a handful of tools at your disposal to build a comfortable retirement.