Social Security will have to cut benefits by 2034 if Congress does not address the program’s impending funding shortfall. You should prepare by creating a retirement plan and seeing how a benefits cut would impact you.

There are a few key mistakes to look out for when planning for your retirement. If you can avoid these mistakes you can help set yourself up for a wonderful retirement free from financial anxiety.

There are many interesting part-time jobs that can be enjoyable and provide great extra income in retirement. A part-time job can also help reduce the anxiety that comes with lower income in retirement.

We're into March already (how did that happen?), but that doesn't mean it's too late to adjust your retirement plan based on new laws and regulations that have recently been enacted for 2023.

The average income in retirement in the U.S. is probably lower than most people think. It is extremely important to know how much income you will need in order to meet all of your financial goals.

If you're in a position to do so, waiting to take your benefits--certainly beyond age 62, and at least as long as your Full Retirement Age (FRA)--makes the most sense.

Regardless of whether a recession is imminent or not, it's fair to say that the fixed income landscape has changed, and that past assumptions about what bonds will return might need some modification.

Planning for retirement is one of those things that many people put off. Usually these are the same people that put off going to the doctor hoping that everything will be just fine. But this is a bad strategy, especially since planning for retirement is easier than ever!

Is $4 million enough to retire? It depends on many factors that we will discuss. No two retirement plans are alike, but case studies can still be very powerful.

In today's low interest rate world it is not possible for most people to live off interest in retirement. But there are other ways to ensure you don't run out of money.

Getting ready for retirement can be stressful, but it doesn't have to be. Read on for helpful tips on how to transition to retirement more easily and securely.

Several factors come into play when making the decision to take a lump sum pension payment, such as risk tolerance, life expectancy, how the lump sum would be invested, and whether or not the payments pass on to a spouse if you pass away before him or her.

Hopefully that's not a news flash to you, but it is for some people once they get to their 50s or so and start thinking about retirement. They might have had some idea that Social Security wouldn't cover everything, but they believed it would cover more than it actually does. (And, relatedly, they also might think Medicare covers 100% of their medical expenses once they get to Medicare age. Not true.

Retirement planning with a partner requires both of you to be on the same page. Make sure you have a retirement plan in place.

Accounting for long-term care is one of the trickiest parts of putting together a retirement plan. The uncertainty regarding long-term care is partly due to mispricing of long-term care insurance policies, which are a relatively new invention.

Inflation can be detrimental--even destructive--to a retirement plan. You don't have to look too far these days for signs of inflation. Beef prices are up more than 12% over the last year, while pork and chicken are up in the high single digits.

Should you rent a home in retirement? Renting is not necessarily just throwing money down the drain. There's more to the decision than financial concerns, but those should be considered carefully.

Very few people wait to take Social Security at age 70 or later. But, retirees with a decent amount of investments probably should wait until that age.

Seemingly small decisions can lead to huge changes in wealth over time. Paying high fees, contributing to the wrong types of accounts, or not getting the full company match can mean the difference between retiring early with enough money or working well into your 70s.

When you're early in your working years, or even not so early, it can be tough to conceptualize how retirement might happen. Let's try to sharpen that focus a bit. Here's a list of things to do if you anticipate retiring five years out or less.