How much is a spouse’s benefit from social security actually worth? | personal finance

(Kailey Hagen) When you think of Social Security, you probably think of retirees, but there are many people who claim benefits even though they’ve never worked in their lives. As long as you are married to a qualified worker, you may receive Spousal Social Security Benefit. But it might not go as far as you … Read more

These 2 dividend ETFs are a retiree’s best friend personal finance

(Rekha Khandelwal) If you’re a retiree looking to increase your retirement income but don’t like researching individual stocks, don’t be discouraged. You can still earn some decent extra income by investing in exchange-traded dividend funds (ETFs). There are several dividend ETFs available in the market that collect dividends from the stocks they own on behalf … Read more

These 2 dividend ETFs are a retiree’s best friend Smart Change: Personal Finance

(Rekha Khandelwal) If you’re a retiree looking to increase your retirement income but don’t like researching individual stocks, don’t be discouraged. You can still earn some decent extra income by investing in exchange-traded dividend funds (ETFs). There are several dividend ETFs available in the market that collect dividends from the stocks they own on behalf … Read more

3 must-read quotes from Nobel laureate Richard Thaler personal finance

(Adam Levy) Richard Thaler’s work in behavioral economics earned him the 2017 Nobel Prize. His 2008 book push was extremely influential and helped shape public policy, which in turn helps people save more and make better decisions in finance, health and many other areas. In a short interview with morning star Earlier this month he … Read more

How much is a spouse’s benefit from social security actually worth? | Smart Change: Personal Finance

(Kailey Hagen) When you think of Social Security, you probably think of retirees, but there are many people who claim benefits even though they’ve never worked in their lives. As long as you are married to a qualified worker, you may receive Spousal Social Security Benefit. But it might not go as far as you … Read more

3 reasons not to sell stocks in a downturn | Smart Change: Personal Finance

(Sam Swenson, CFA, Chartered Accountant) At the time of this writing, it looks like this S&P500 Stocks have finally entered a bear market or have reached levels 20% below their previous highs. While this is unnerving for even the most stoic investor — and especially so when you’re retiring or about to retire — there … Read more

3 Simple Reasons Why Your 401(k) May Be Overrated | personal finance

(Stefon Walters) Every time you save and invest for retirement, it’s a good thing. A 401(k) plan is the most popular type of retirement account, and it offers great benefits — like pre-tax contributions — that you should definitely take advantage of. However, like most things, there are pros and cons to a 401(k) plan. … Read more

3 ways to prepare for future Social Security cuts | personal finance

(Katie Brockman) A new report by the Social Security Administration Board of Trustees shows that benefit cuts could be looming in the relatively near future. In recent years, income from employees’ payroll taxes has not been sufficient to fully cover pension benefits. As a result, the Social Security Administration had to tap into its trust … Read more

Unhappy with your 401(k)? Make these changes as soon as possible | Smart Change: Personal Finance

(Maurie Backmann) If you have access to a 401(k) plan at work, it often pays to contribute funds. The reason? Many employers who sponsor 401(k)s also match employee contributions to some degree. So if you deposit some money of your own you might get free money in return. But what if you’ve been saving on … Read more

Unhappy with your 401(k)? Make these changes as soon as possible | Smart Change: Personal Finance

(Maurie Backmann) If you have access to a 401(k) plan at work, it often pays to contribute funds. The reason? Many employers who sponsor 401(k)s also match employee contributions to some degree. So if you deposit some money of your own you might get free money in return. But what if you’ve been saving on … Read more