Tip of the Month

Traditional IRAs, 401(k)s, and other retirement accounts enable you to save money tax-deferred. But, eventually, the IRS requires you to begin withdrawing a portion of your savings each year. These withdrawals are known as required minimum distributions, or RMDs, and the amount you take out is taxed at your regular tax rate. Understanding the 2025 […]

By the middle of the twenty-first century, one in every six people worldwide will be over the age of sixty-five. In the United States, the Social Security Administration program will most likely be unable to pay full benefits beginning in 2034. These demographic and financial pressures are frequently cited as the underlying causes of a

Losing a job is never easy—but it can be particularly overwhelming in your 50s or 60s. At that stage, many individuals are juggling significant financial commitments such as mortgage payments, supporting children in college, or assisting aging relatives. And landing a new role with comparable pay and benefits can be tough. As layoffs continue to

Most Americans said they were more afraid of running out of money in retirement than of dying. This is an eye-opening finding from a new study conducted by Allianz Life, which discovered that economic uncertainty is causing widespread concern among people approaching or in retirement. According to the study, 64% of respondents are more concerned

People\’s goals tend to align as they get older. They want to stay in their own homes for as long as possible, maintain their independence, and only seek assistance from family and friends when absolutely necessary. Aging in place refers to the practice of remaining in one\’s own home throughout the aging process. However, successful

Medicare benefits start at age is 65, but you can begin receiving benefits years before that. You can benefit from senior discounts if you sign up for an AARP or AMAC membership when you turn 50. The minimum age requirements for other discounts vary by company or locale and may be between 50 and 65