Money, Wealth & Power—A Daily Look at the Financial World
President Donald Trump has issued an executive order that significantly expands the investment options available in 401(k) retirement plans. This order allows for the inclusion of cryptocurrencies, private equity, and other alternative assets like real estate. The move aims to redefine retirement investing for American workers by introducing high-risk assets into employer-sponsored plans. Key GOP…
Retirement is a significant life transition that offers the opportunity to redefine what it means to live a rich and meaningful life. By adopting certain habits, retirees can maintain their health, stay socially connected, and find purpose in their daily activities. This article explores 14 habits that can help retirees achieve a fulfilling lifestyle, drawing…
As we navigate 2025, traditional retirement rules are being reevaluated and, in some cases, abandoned. Economic shifts and policy changes are prompting individuals to rethink how they plan for their golden years. This article explores three key retirement rules that are being left behind as people adapt to new realities. 1) Abandoning the “One-Size-Fits-All” Retirement…
Medicare Open Enrollment is rapidly approaching, beginning on October 15, 2025, and running through December 7. This period is crucial for retirees to reassess their health coverage options and make necessary adjustments. For those eligible for CHAMPVA, understanding the intersection of Medicare benefits and CHAMPVA eligibility is essential, as outlined by the VA’s guidance from…
America’s retirement system has recently been evaluated with a ‘D’ grade, underscoring significant systemic shortcomings in preparing workers for life after their careers. This evaluation, reported on October 15, 2025, highlights the ongoing challenges faced by the U.S. in ensuring financial security for retirees. A previous assessment from April 14, 2025, also highlighted a specific…
Surviving spouses in the United States have the option to claim Social Security survivor benefits based on their deceased partner’s earnings record. This financial support can equal up to the full amount of the deceased’s retirement benefit if claimed after reaching full retirement age. These benefits are distinct from spousal benefits for living partners and…
As retirement approaches, many individuals are reassessing their spending habits to ensure financial security in their golden years. By identifying and cutting unnecessary expenses, retirees can significantly boost their savings. Here are eight common expenses that people are trimming to make retirement more feasible. Daily Coffee Runs One of the simplest ways to save money…
The Social Security Administration has announced a 2.7% cost-of-living adjustment (COLA) for benefits starting in 2026, which will provide an average monthly increase of about $48 for retired workers. However, this adjustment is being outpaced by rising costs in key areas such as health care. Looking ahead, the projected COLA increase will be further eroded…
Nursing home care can pose significant risks to personal assets, as illustrated by a couple concerned about whether a facility could claim their $500,000 IRA and assets held in a trust. For instance, a 74-year-old husband facing likely entry into a nursing home within the near future highlights the urgency of protection strategies amid rising…
In today’s challenging economic landscape, many Americans struggle to build substantial 401(k) savings amid rising costs and market volatility. However, a simple strategy can harness principles of momentum to steadily grow retirement funds over time. This approach draws on the idea of inertia, encouraging consistent, incremental contributions that compound without requiring drastic lifestyle changes. By…