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Do You Know All 4 of These Social Security Secrets?

(Dan Caplinger) If you want to get bigger Social Security checks when you retire, it’s important to know everything you can about the federal-government program. Unfortunately, it can be tough to get the information you need, and many people are still in the dark when it comes to key aspects of Social Security that determine …

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3 Retirement Savings Plans We Should All Be Thankful For

(Maurie Backman) Thanksgiving is a time to express gratitude — for great food, good health, and the important people in our lives. But this Thanksgiving, it certainly wouldn’t hurt to take a little time to acknowledge the many terrific financial products that make saving for the future easier. Sure, you could opt to house your …

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2 Painless Ways to Boost Your Retirement Savings Before the End of the Year

(Maurie Backman) Now that we’re nearing the end of 2022, a lot of people are starting to take stock of their finances. That means assessing emergency funds, reviewing brokerage accounts, and seeing how well they’re doing with retirement-plan contributions. If you’re not particularly happy with your retirement-savings rate this year, it may be that you …

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Want to Leave Part of Your Nest Egg to Your Heirs? This Account Is the Right One for You

(Maurie Backman) You may end up in a situation come retirement where you need all of your savings to cover your living expenses. After all, many people do. But what if you end up in a different position? It may be that you’ve managed to amass such a large amount of retirement savings that there’s …

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Good News — Fewer Savers Made This Dangerous 401(k) Move Last Quarter

(Maurie Backman) Inflation has created a financial crunch for a lot of people this year. So if you’ve had a harder time covering your living costs, you’re in good company. In fact, you may have reached the point where you needed a loan this year. And if so, rather than dealing with applications at various …

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Not Knowing These Social Security Rules Could Shrink Your Benefits for Life

(Maurie Backman) The monthly benefit you collect from Social Security could be just the thing that helps you manage well financially during retirement. Granted, you’ll need additional income on top of your Social Security checks to maintain a nice standard of living. But those monthly payments will no doubt be important, so it’s essential that …

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Want to Boost Your Retirement Savings in 2023? Here Are 3 Tips to Make That Happen.

(Maurie Backman) If you want to enjoy a comfortable retirement devoid of financial worries, you’ll need income outside of Social Security. And that’s where your personal savings come in. Of course, building a nest egg is no easy feat — especially not these days seeing as how inflation is forcing so many people to spend …

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Should You Claim Social Security Before 2022 Wraps Up?

(Maurie Backman) Once you reach the age of 62, you’re entitled to sign up to start receiving Social Security benefits. And many people purposely rush to claim benefits as soon as they’re eligible to get their money quickly. If you’re already 62 years of age, you may be thinking about filing for Social Security before …

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Retirement Plan Balance Down? Here’s What to Do.

(Maurie Backman) It’s important to contribute steadily to a retirement savings plan throughout your career. That way, you’ll have money to tap in addition to the monthly benefits you’re able to collect from Social Security. Now you’ll generally hear that it’s wise to invest your retirement savings rather than leave your IRA or 401(k) plan …

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