Retiring at 55 might seem too young. You can easily work another decade. Plus, you can’t collect Social Security until 62 at the earliest. Even then, you’re losing money by receiving benefits before ...

Key Points With a 401(k), you could face an early withdrawal penalty for removing funds before turning 59 1/2. Under certain ...

Choosing the right age to retire is crucial, since once you leave the workforce, you may not be able to return. If you decide to go back to work, you'll likely have to find a new job, possibly at a ...

If you plan to dip into your 401(k) at 55, you can do so without a hefty tax penalty in certain circumstances. But should you? A recent MassMutual survey found that the average age for Americans to ...

Although many of us enjoy our chosen careers, even those who feel genuinely happy as they set off for work every day secretly dream of retiring, trading in meetings and memos for gardening and ...

The Social Security Administration's 2.8% cost-of-living adjustment (COLA) for 2026 will raise benefit amounts for retirees, increasing both the average monthly payment and the max ...

A few weeks ago, I wrote about the potential changes to federal retirement benefits that are included in proposed legislation that is moving through Congress. The key word is “proposed” because since ...

Retiring early can result in a reduced Social Security claim. Most people know that early filing penalties reduce the amount they receive. Your Social Security benefits could also be smaller for ...

You could increase your benefits by waiting until 67 or later to claim Social Security. Regardless of your benefit at age 65, it's probably not going to be enough to enjoy a comfortable retirement.

For many Americans, Social Security is the cornerstone of retirement income. Nearly 90% of people over age 65 receive benefits from the program, according to the latest data from the Social Security ...

While Social Security is an important source of income in retirement, most Americans lack basic knowledge of the program and ...

Qualifying workers who are retiring at 62 in 2025 can get a maximum of $2,910 per month, or $34,920 per year. Those who wait ...