Most retirees don’t realize it, but they’re likely overpaying in taxes on their Social Security benefits. The good news? With the right strategy, you can dramatically reduce—or even eliminate—the taxes on your Social Security income. In this post, we’ll walk through a real-life case study to show how one couple legally kept more of their retirement income and slashed their tax bill.
As the financial landscape continues to evolve, staying ahead of common money mistakes is so important to maintaining financial stability. In 2025, several pitfalls could impact your financial health if you’re not careful. Here are five money traps to avoid and practical strategies to navigate them effectively.
If you have a pension and have been blocked from receiving your full Social Security benefits, you're in for a significant financial boost. Thanks to new legislation, your full Social Security benefit is now yours—potentially adding thousands, or even hundreds of thousands, of dollars to your lifetime earnings.
As retirement approaches, one of the most overlooked yet financially significant aspects is the cost of aging. With longer life expectancies and rising healthcare costs, your medical expenses can be one of the largest costs you will face in retirement (next to taxes). A private room in a nursing home can exceed $100,000 per year, while in-home care services quickly add up as well.
2025 is here and so is this handy checklist to help you focus on key financial aspects this year.
Smart Year-End Money Moves to Make in December As the year winds down, December offers a unique window of opportunity to make strategic financial moves. These actions can optimize your tax situation, bolster your savings, and set you up for a financially healthy new year. Here are eight smart money moves to consider before the clock strikes midnight on December 31.