#retirement

Key Points A whopping 33% of Americans claim to be unprepared for retirement. Compound interest is one tool you can use to catch up on retirement savings. Take advantage of any employer match on a portion of your retirement contributions. The $23,760 Social Security bonus most

Key Points The COLA for 2025 was 2.5%, enough to be helpful without being life-changing. It’s possible to plan your annual budget with and without a COLA. Once a COLA has kicked in, you’re free to use it however you’d like. The $23,760 Social Security bonus most retirees completely

Key Points Vanguard recently released its “How America Saves 2025” report. The data reveals that 401(k) hardship withdrawals have been on the rise since 2020. It’s best to avoid withdrawing money early from your 401(k), but if you must, consider a loan instead. The $23,760 Social

Key Points Social Security beneficiaries will likely receive a “raise” in 2026. The Social Security full retirement age will officially be higher beginning next year. Workers could have to pay more Social Security taxes on their earnings in 2026, too. The $23,760 Social Security bonus

Key Points President Donald Trump has been the catalyst for a number of changes to America’s leading retirement program during his second term. His administration has overseen the reversal of a Biden-era policy on Social Security overpayments, resulting in a more aggressive 50% clawback rate.