Social Security is a crucial part of retirement planning for many Americans, but there are several common mistakes recipients can make that might impact their benefits. Here are ten common mistakes: Claiming Benefits Too Early: Claiming Social Security benefits before your full retirement age (FRA) results in a reduced monthly benefit. For many people, waiting … Read more
As of recent data, the average 401(k) balance for individuals aged 55 to 60 is approximately $140,000 to $180,000. However, this figure can vary significantly depending on factors such as income level, employment history, and contribution rates. For a more precise and personalized understanding, it’s a good idea to consult the latest reports from sources … Read more
Ranking the best hitters in MLB history can be subjective, but many experts agree on a few key names based on career achievements, statistics, and impact on the game. Here’s a widely accepted list of some of the greatest hitters in MLB history, though the exact ranking can vary depending on the criteria used (e.g., … Read more
In 2025, there will be significant changes to the rules governing Required Minimum Distributions (RMDs) from retirement accounts due to provisions in recent legislation. Here’s a summary of what to expect: Increase in RMD Age: The age at which you are required to start taking RMDs will rise from 73 to 75. This change will … Read more
Predicting the exact Social Security Cost-of-Living Adjustment (COLA) for 2025 can be challenging as it depends on various economic factors, primarily changes in inflation. The COLA is adjusted annually based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which measures inflation. Historically, the Social Security Administration (SSA) announces the COLA … Read more