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Why building credit is essential for stay-at-home spouses

Why building credit is essential for stay-at-home spouses

Sara Ratner Spouses share a lot, but no matter what your relationship status is, your credit score is yours and yours alone. Even if you are 100% financially supported by your spouse or partner, establishing and building your own credit score is essential. This can benefit both of you when you make financial decisions together. …

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Can you really retire with Social Security alone?

Can you really retire with Social Security alone?

(Katie Brockman) According to a recent survey by The Motley Fool, about 40% of retired Americans say they are “completely” dependent on Social Security in retirement. Many workers are also heading into retirement expecting to rely heavily on Social Security. In fact, about a quarter of workers say their benefits will be their main source …

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3 Ways Saving for Retirement Could Help Your Finances Today

3 Ways Saving for Retirement Could Help Your Finances Today

(Kailey Hagen) Saving for retirement is generally considered a form of deferred gratification. You choose not to spend some of your money now in exchange for more money when you retire. But that’s too simplistic a way of looking at it. Although you won’t realize the full benefits of saving for retirement until you withdraw …

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Are term funds good for your retirement?  Yes and no.

Are term funds good for your retirement? Yes and no.

(Adam Levy) Target date funds are a common choice for employees in their 401(k) and other retirement accounts. The set-it-and-forget-it approach makes investment decisions simple and removes the need for any portfolio management. Everything is done for you. Although they are a very common choice among retirement savers, they are not always the best choice. …

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Social Security's Record 2023 Increase Isn't All It's Supposed To Be

Social Security’s Record 2023 Increase Isn’t All It’s Supposed To Be

(Justin Pope) Retirees feeling crushed by the highest inflation in decades are getting some relief. The Social Security Administration announced that benefits will receive an 8.7% Cost of Living Adjustment (COLA), the largest increase since 1982. In pure dollar terms for the average Social Security recipient, it will be the biggest COLA ever recorded. Don’t …

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3 retirement savings plans we should all be grateful for

3 retirement savings plans we should all be grateful for

(Maurie Backman) Thanksgiving is a time to express gratitude – for good food, good health, and the important people in our lives. But this Thanksgiving, it certainly wouldn’t hurt to take a little time to recognize the many great financial products that make saving for the future easier. Of course, you can choose to put …

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