Retirement News

Retirees should aim to have other sources of income to supplement Social Security.

Larger benefits are coming, but that extra money may not lead to a higher standard of living.

IRAs are one of the most popular ways to save for retirement, but simple mistakes can cost you.

You should be prepared to withdraw at least $18,000.

The program is looking at cuts, but they're not a given.

Preparing for retirement may involve making a few mistakes along the way. Here are four common mistakes you can easily avoid.

It's not a large sum, but it could keep you out of poverty. Social Security benefits can be increased, too.

COLAs are designed to help retirees keep pace with inflation, but they're not guaranteed. Rather than count on money that may never come, here's what I'm doing instead.

Hardship withdrawals are like medicine: It's best not to need it, but if you have to take it, be prepared for some discomfort and side effects.

There's also another key change on the way that will affect many retirees but isn't a Social Security change per se.

An up-to-50% monthly payout reduction may be a reality for more than 1,000,000 Social Security recipients.

Social Security COLAs are crucial to retirees' financial security.

The best return you'll ever achieve on any investment is the free money you'll get just for saving for retirement.

It's an aspect of the program that's often misunderstood.

Your retirement account balance should get bigger as you get older. But how do you compare to other people within your age range?

Not even a potentially history-making moment will be enough to prevent retirees from getting the short end of the stick, yet again.

It's a valid fear, but there are ways to mitigate the risk.

A larger Social Security boost may not be the best thing for you.

While 401(k)s have their benefits, maxing out isn't right for everyone.

Claiming as early as possible will give you the most checks, but you have to prepare yourself for drawbacks too.