The coronavirus pandemic has put tens of millions of Americans out of work, strained people's finances, and even among those whose situations haven't changed, many are more fearful about the future. As a result, investing strategies have been altered, and retirement plans are evolving to accommodate these crazy times. Among those changes in plans, one shift in particular that's being considered by a majority of us is actually a positive one: According [...]

Being married means learning how to compromise, and sometimes, it means doing things that benefit your life partner more so than they benefit you. That philosophy applies not just to life in general, but to Social Security, and if you're married, it's important that you avoid the one mistake that may not hurt you so badly, but that leaves your spouse cash-strapped for life. Filing early can hurt your spouse You're [...]

Autumn is making its way into State College, Pa. home to Penn State University. The days are shorter, the nights are cooler and trees are beginning to burst with color. But for local retiree Greg Guise, 67, fall’s arrival is falling a bit short this year. Due to the coronavirus, the football season for his beloved Nittany Lions has been delayed nearly two months and once the team does start [...]

When you’re doing your retirement planning, it’s easy to ignore one vital topic: How much taxes will I owe on my retirement income? Frankly, it’s a hornet’s nest. But the topic of taxes and your retirement income is vitally important for your retirement planning. Anqi Chen and Alicia H. Munnell of the Center for Retirement Research at Boston College analyzed data from the federal Health and Retirement Study, on 3,419 [...]

Though Social Security serves as a steady source of income for millions of seniors, many can't live on those benefits alone. Rather, they need additional income to cover their expenses, whether it comes in the form of retirement plan withdrawals or earnings from a part-time job. In fact, the latter option is becoming increasingly popular, with 73% of workers today saying they intend to hold down a job after claiming Social Security, according to [...]

FOR THOSE WHO HAVE PAID off their home or only have a small mortgage, a reverse mortgage may be a way to help cover retirement expenses. A reverse mortgage allows you to borrow against the equity you’ve built up in your home. By doing so, you can supplement your income and remain in your current home. What Is a Reverse Mortgage? RELATED CONTENT The Best Reverse Mortgage Lender A reverse mortgage works differently than [...]