Tag: social security
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The 10 Most Expensive Retirement Mistakes (And How to Avoid Them)
The 10 Most Expensive Retirement Mistakes—and How to Dodge Them Retirement is a time to enjoy peace, but costly missteps can turn it into financial stress. Here are the 10 most expensive mistakes retirees make, with dollar values and solutions. Mistake Estimated Cost Solution Claiming Social Security Early $100,000+ Delay benefits to age 70 if…
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Women and Retirement: Why the Gap is $100,000 Wider
Why Women Face a $100,000 Retirement Savings Gap Women are living longer but retiring with significantly less savings. The gender retirement gap averages $100,000 or more—and the reasons are complex and systemic. AVERAGE WOMEN’S 401(k) BALANCE VS. MEN’S $120,000 vs. $170,000 Sources: Vanguard, 2025 Key Factors Behind The Gap Longer life expectancy (women live 5…
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The 7 Sources of Retirement Income: Building Your Financial Foundation
Don’t Put All Your Retirement Eggs in One Basket The biggest mistake most Americans make in retirement isn’t about how much they save—it’s about where that money comes from. Financial security in retirement doesn’t come from a single income source. It comes from diversification across seven distinct income streams, each with different characteristics, tax implications,…
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America’s Social Security Crisis: Why 40% of Seniors Depend on It
24 Million Americans Rely on Social Security for Survival More than 40% of Social Security recipients rely on benefits for at least half their income. For 15% of women and 12% of men, it’s literally their only source of income. But here’s the terrifying part: without action from Congress, Social Security benefits will be cut…
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