The Social Security Administration calculates what's known as your primary insurance amount (PIA) first. This is the benefit ...

When you've spent four decades or more in the workforce, it's understandable to be drawn to the idea of claiming those ...

Utilize the Registered Retirement Savings Plan (RRSP) and the Tax-Free Savings Account (TFSA) if finances allow. You have a ...

Older Americans spent an average of $64,326 in 2023, but 68% of retirees spend less than $40,000 per year. Social Security represents almost a third of the income received by people older than age 65.

South Africans are needing to work for longer to retire comfortably, with many no longer able to hang up their boots at 60.

The perceived net worth required for financial comfort was $329,000 for Gen Z respondents, while millennials put it at $847,000, members of Gen X said $783,000 and baby boomers said $943,000.

Both of those numbers are above recent forecasts from the Senior Citizen's League and independent analyst Mary Johnson. Both ...

Key Takeaways The average 401 (k) balance for 50-year-olds provides a helpful benchmark for retirement planning, but the numbers vary by plan provider.

Putting 6% of your income toward retirement could still leave you coming up short. Here’s what to do instead. ‘About 40% of America is going to run out of money before they die’ ...