Tag: retirement income
How Big Is the Average Social Security Check of a Lower-Class Retiree?
Income gaps in the working world continue once you start collecting Social Security retirement benefits, although on a smaller scale.Benefits are based on...
I’m a Wealthy Retiree: 6 Reasons Taking Social Security at Age 70 Was Right for Me
For most folks, the biggest decision around Social Security is when to start claiming those benefits. Take them at the earliest possible age...
I Used to Think Social Security Wouldn't Be There for Me in Retirement. Now I Know the Truth
As someone who's been writing about retirement planning for roughly the past decade, it's amusing to me to think back on the days...
Do you know the average income for retirees in America? How do you stack up?
Retirees may no longer have paychecks coming in, but of course they still need income.Social Security is the most common source of retirement...
Can I Use My RMDs to Transfer Money Into My Roth IRA?
If you're taking a required minimum distribution from an IRA, 401(k) or other tax-deferred account and don't need the money to cover living expenses,...