For Gen X and Millennials, Social Security is both a foundation and a question mark. While it has long been a reliable component of retirement income, changing demographics and fiscal pressures are casting a shadow over its long-term stability. As of May 2025, projections show that without legislative reform, the Social Security Trust Fund could…

As you approach retirement, the decision of when to claim Social Security benefits becomes increasingly crucial. While many retirees choose to start collecting benefits as soon as they are eligible, there is a growing trend toward waiting until age 70. This strategy promises a higher monthly check, but it’s essential to weigh both the advantages…

The 2024 report from the Social Security and Medicare Board of Trustees has brought to the forefront a reality that many Americans have feared for years: the Social Security trust fund for retirement benefits is expected to deplete its reserves by 2033. This revelation has sent shockwaves through the financial planning community and among individuals…

Social Security plays a vital role in the financial lives of millions of Americans, especially as they transition into retirement. Created in 1935, the program was initially designed to provide economic security for the elderly, disabled, and survivors of deceased workers. Today, it continues to be a cornerstone of retirement planning for many, offering a…

Retirement is a time of life that should be filled with enjoyment, relaxation, and the freedom to pursue passions and interests. However, it’s also a time when your financial decisions become more critical than ever. Life is full of ups and downs – good days and bad, gains and losses – and the same holds…

Planning for retirement is a cornerstone of financial wellness. Each year, the Internal Revenue Service adjusts contribution limits for various retirement accounts to reflect inflation and ensure individuals have ample opportunities to save for their future. In 2025, significant changes to contribution limits and income restrictions offer new opportunities for savers, especially for those utilizing…