The reality is sobering: The average 401 (k) balance of a Gen Xer is about $190,000, while the average balance for Boomers ...

When a person becomes eligible for Social Security Disability Insurance, it's often seen as a financial lifeline. But in some ...

While the two studies above indicate that waiting longer results in a higher lifetime benefit, actual data shows more people ...

Differences in affordability and costs of living mean retirees can rely less on personal savings in certain parts of the ...

It's easier than ever to track down lost 401(k) retirement accounts. And here's an incentive: The average balance is $56,000.

Importantly, the average Social Security benefit tends to increase over time because of inflation and changes in average wages. For instance, the average monthly retired-worker benefit at age 70 is ...

When you don’t have 35 years’ worth of earnings, Social Security assigns a $0 value for each non-earning year. The $0 years lower your benefit amount so it’s in your favor to have earnings in as many ...

The current full retirement age (FRA) for Social Security benefits in the United States is not 65 or 67 for everyone. It depends on the year you were born. For those born in 1960 or later, the FRA ...

As 2025 approaches, the Social Security Administration (SSA) has updated the age requirements to qualify for 100% of ...

While it's best to have retirement income available outside of Social Security, such as an individual retirement account (IRA) or 401 (k) plan to tap, larger monthly benefits could do your senior ...

Yes, you can retire with less than $1 million. But it takes some planning, maximizing Social Security and sticking to a reasonable monthly retirement budget.