The problem with overreliance on Social Security.

If your FRA monthly benefit is $2,778, for example, waiting until 70 would boost that to $3,575. Starting at 62, though, will result in a monthly payment of just $1,822. The Social Security Quick Calculator can give you a good idea of what claiming benefits early versus waiting until full retirement age (or later) will look like.

Too many retirement plans are built around a single savings target. In reality, longevity, healthcare costs, market volatility, and evolving personal goals demand a far more flexible approach. A durable retirement strategy is not about hitting a number.

This straightforward guide breaks down the details on what exactly your 401(k) retirement account can and can't do for you in retirement.

Wealthy retirees often diversify beyond traditional retirement accounts by building passive income streams. This might include dividends, rental income, royalties, or income from small businesses that continue to generate cash flow without constant involvement.

Hitting the $500,000 portfolio milestone is a big deal that deserves a nice pat on the back. That said, if you’re gearing up for an earlier retirement (let’s say in your 50s), things could get a bit more challenging if you’re not expecting social security benefits to be coming your way any time soon.

Traditional retirement allocation formulas are outdated; equity exposure should be based on income, risk tolerance, and net worth, not just age. Read more here.

Believe it or not, seniors fear running out of cash more than they fear dying. And retirees have good reason to be worried about making their assets last. People are living longer, so that money has to cover a longer period.