If You’re on This List, You Can Retire Before 65 – Major Changes Coming in 2025

Donald Trump

New research from the Transamerica Center for Retirement Studies reveals a surprising trend: many Americans retire earlier than anticipated, often due to circumstances beyond their control. Early retirement can have significant financial repercussions, especially for those unprepared for the transition. Addressing the reasons behind early retirement and strategies to mitigate its impact can help individuals … Read more

Why 2.6 Million Americans Will Never Get Social Security

Social Security is a crucial part of retirement planning for many Americans. Yet, not everyone can count on receiving these payments. Around 2.6 million Americans aged 60 and above are classified as “never beneficiaries,” meaning they don’t qualify for Social Security retirement benefits. Let’s explore why this happens, who is affected, and what steps you … Read more

SECURE 2.0: Key IRA Changes You Need to Know About in 2025

The SECURE 2.0 Act has introduced several changes to retirement accounts, which aim to help people save more for their future. These changes affect both standard and Roth Individual Retirement Accounts (IRAs). The key to making the most of these changes is understanding the rules for contributing and withdrawing money. Some of the most important … Read more

What the SECURE 2.0 Act Means for Your 401(k) Savings

Saving for retirement can feel complicated, but changes to the law in 2023 aim to make it easier, especially through the SECURE 2.0 Act. This law introduces several updates to 401(k) plans, which are one of the most common ways to save for the future. These changes will help people save more, start saving earlier, … Read more

Is the 2025 Social Security COLA Enough to Keep Up with Inflation?

One of the most awaited events for retirees and Social Security beneficiaries is the annual cost-of-living adjustment (COLA) announcement. This adjustment helps people on a fixed income keep up with inflation, ensuring they don’t struggle to make ends meet. Without COLA, retirees would face a significant challenge in managing the rising cost of living. However, … Read more

How RMDs Affect Your Taxes: 4 Key Facts Retirees Should Know

When it comes to your retirement savings, it’s important to understand Required Minimum Distributions (RMDs). These are the amounts retirees must withdraw from their retirement accounts every year once they reach a certain age. Knowing about RMDs can help avoid unnecessary taxes and penalties. Here are four key things seniors need to know about RMDs … Read more

Larger IRA Contributions Coming Soon! Key Changes in 2025

The Secure Act 2.0, enacted in 2022, introduces several changes aimed at improving how Americans can save for retirement. Though the changes are being phased in gradually, some significant adjustments will affect Individual Retirement Accounts (IRAs) starting in 2025. These updates are essential for workers who want to maximize their retirement funds, especially since the … Read more

2025 is Almost Here: Increase Your 401(k) Contributions and Save More

Saving for retirement can be tough, especially if you’re starting late or don’t have a lot of savings. But there’s some good news ahead: starting in 2025, the Internal Revenue Service (IRS) will allow you to contribute more money to your 401(k) and other retirement accounts. This could help workers save more, especially those who … Read more

IRS 2025 Changes: Save More for Retirement with These New Rules

Saving for retirement is important, but many people find it difficult to save enough. The two main ways to save are starting early or saving more as you get closer to retirement. For older adults, the Internal Revenue Service (IRS) has introduced new rules to make saving easier. These changes aim to help people over … Read more