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vvululrakpacil42
11 hours ago
College-town states like Ohio (93) and Tennessee (92) beat Florida's (103) cost-of-living index, cutting a retired couple's required savings by over $205,000.
Pennsylvania exempts 401(k) and IRA withdrawals from its 3.07% flat income tax for qualifying retirees, while Ohio taxes non-Social Security income above $26,050.
Ohio residents 60 and older can audit Ohio State courses tuition-free and access a major academic medical center, though game days and student rents add real trade-offs.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Most people who talk about where to retire end up on the coast. Florida ranked first in net adjusted gross income gained through state-to-state moves in IRS migration data for 2022-2023, at $20.6 billion. The less talked-about option is a town built around a university.

#college #Social #security
zohg3h
11 hours ago
A Michigan retiree couple needs roughly $927,000 invested at a 4% withdrawal rate, versus $1.07 million in Florida.
Florida homeowners pay $8,471 yearly for insurance versus $2,415 in Michigan, a $6,000 gap that requires $151,000 in extra savings.
Michigan exempts Social Security and offers married couples a $128,080 retirement deduction, potentially zeroing state tax on a $37,000 IRA withdrawal.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Retiring to a lake town in Michigan or Wisconsin often raises questions about snow and winter conditions compared with a move to Florida. Winter is one factor in that comparison, but the rest of the picture gets mentioned less often: insurance, taxes, housing, and summers. This piece runs the numbers for a couple at full retirement age.

#often
EHYnMH
6 days ago
In a housing market where affordability is increasingly out of reach for many buyers, Vic Bulbon is looking at a type of property that's becoming less expensive: condominiums.
With national home prices near record highs and mortgage rates topping 7% in recent weeks, buying a home remains out of reach for many Americans. Condos appear to offer a rare bright spot, with prices falling across the country.
But even with cheaper sales prices, rising homeowners' **** ociation (HOA) fees and one-time special **** sments are driving up ownership costs.
Now, guidelines released this year by Fannie Mae and Freddie Mac, the government-sponsored agencies that back nearly half of all US home purchases, aim to reduce the financial and structural risks of condo buildings. Real estate agents told CNN that the changes could add pressure to the condo market by further driving up HOA fees, increasing the total monthly bill for condo owners, and potentially eroding the savings of a lower purchase price.
As of mid-October, condo sales prices lagged behind single-family home prices in 99 of the 100 largest markets in the United States, according to data from financial services company Intercontinental Exchange provided to CNN. Nationally, single-family home prices rose 1.5% from a year earlier, while condo prices fell 1.1%.

#prices #home #sales #year
prism
6 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
By most traditional measures, having a net worth of $1 million should put someone firmly in the "wealthy" category. Yet a growing number of millionaires don't see it that way.
Just one third (36%) of the nation's wealthiest citizens — those with at least $1 million in investable ***** ets — consider themselves wealthy, according to Northwestern Mutual's 2025 Planning and Progress study.
Further, nearly half (49%) of American millionaires say their financial planning needs improvement, citing the possibility of outliving their savings, the impact of taxes in retirement, and potential long-term care needs as their top financial concerns.
This gap may be surprising, but it highlights how rising costs, longer lifespans, and shifting expectations have redefined what it means to feel rich in modern America.

#Planning #financial #disclosure #progress
mix_0157
6 days ago
I'm 67, my husband is 69, and we've been married 38 years. We've lived in the same four-bedroom colonial for 32 of those years. It's paid off and worth $1.5 million. We have another $1.8 million in retirement accounts and savings, plus Social Security and a small pension from his old job. No debt, and our kids are on their own.
So this isn't a money problem, but we can't talk about retirement anymore without it turning into a fight. He wants to buy something for $600,000 now that we are empty-nesters, and invest the rest. He has a spreadsheet. I've seen it open on the laptop at the kitchen table at 11 p.m., with property taxes, insurance and the lawn guy all in little columns.
My spouse was awarded $90,000 from my 401(k) in our divorce. How is that fair?
'She's living the dream': My stepmother said I can buy my childhood home for $850,000. Is she taking advantage of me?
Musk says ***** eX landed a $40 billion debt deal — and forecasts doom for some AI rivals

#years #Retirement
wjx9z4tcsv5m00k
24 days ago
SCHD yields 3.82% with principal at risk daily, while VIG targets dividend growers built to outpace inflation over a long horizon.
Qualified dividends face tax rates between 0% and 20%, compared to up to 37% for savings interest, a gap that can exceed the difference in yields.
High-yield savings protect dollars with FDIC coverage up to $250,000, but rates float and can drop the moment the Fed cuts.
Just released. Our ****** ysts combed the entire stock market and named the ten best stocks to buy right now. The report is free. Enter your email and see if any of your stocks made the cut.
High-yield savings rates were holding steady on Oct. 8, 2026, according to Forbes. They are holding at a higher level than a month ago because the Federal Reserve raised its target range in September. Online banks use the federal funds rate's upper bound to price their accounts, and it moved from 3.75% to 4.00% on Sept. 16, 2026 and was unchanged as of Oct. 7. On that date the 4-week Treasury bill, the closest market benchmark for overnight cash, yielded 3.95%. Typical banks pay much less. The FDIC national average 12-month CD rate was 1.73% as of Sept. 1, 2026, and top online banks routinely pay a multiple of that average. Rates differ from bank to bank, so the posted APY at your own bank is the number that applies to you.

#savings #sept
codez
24 days ago
For a subset of young workers, the name of the game is to squirrel away enough savings and investments so retirement can come early, substituting strategic personal finance for a lifetime of labor. (FIRE!)
It turns out that the post-pandemic boom and explosion of stock prices has already gifted many older Americans with a version of that lifestyle, according to Bank of America — and it's affecting the economy.
Labor force participation — which measures the share of people employed or seeking work among the total population — never recovered after the shock of the pandemic.
According to BofA's economics team, led by Aditya Bhave, the biggest driver behind the decline in overall labor force participation has been workers over age 55 leaving the workforce.
"This debunks a popular bearish narrative on the labor market: 'the u-rate would have been higher if participation hadn't fallen,'" Bhave wrote.

#according #workers #FIRE #americans
vcTlD
24 days ago
My husband, who is 59 and an only child, recently inherited $3 million from his father. I'm 57, and we've been married since we were in our 20s. We've always kept most of our money separate, although we split the household bills and own our house together.
He grew up wealthy. His family had a big house, belonged to a country club and paid for his college and graduate school. He's always been comfortable spending money on things I think of as luxuries. My parents were middle-class and worked hard, but they never had much saved.
My brother-in-law convinced his parents to sign over their home and life savings to buy a $3 million compound. Do I intervene?
America's favorite index is misleading investors about the state of the stock market
We both still work. He's a partner at a consulting firm and makes $350,000 a year. I work in healthcare administration and earn $145,000. We have $1.6 million in retirement accounts, a little more than half of which belongs to my husband. We owe $280,000 on our $1.1 million house.

#we 've #husband #only
stomp
24 days ago
Kohl's is rolling out steep discounts for customers as it struggles to turn around its sales.
The department store chain revealed in its most recent earnings report that its comparable sales decreased 0.9% year over year in the second quarter of 2026, while recent Placer.ai data showed overall visits to Kohl's stores declined 1.4%.
Kohl's CEO Michael Bender said on the August earnings call that the company is "operating in a challenging macroeconomic environment" where customers are "experiencing persistent financial pressures from inflation in their everyday expenses, like gas and food."
Against this backdrop, Kohl's has taken several steps to make its merchandise more affordable. It introduced Deal Bar and Toy Towers in stores earlier this year, featuring products priced below $10. It also priced thousands of back-to-school items under $25 in July.
In its latest effort to win over price-conscious customers, Kohl's has made its annual Kohl's Deal Days savings event more generous this year.

#year #deal #recent #placer
ox13qixn1eyx83us
24 days ago
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A 65-year-old retiree has $1.2 million saved and plans to start withdrawals next year. His 27-year-old son has been following a group of social media accounts touting AI stocks, and he's urging his dad to move $300,000, a quarter of his savings, into a handful of them.
When the father hesitated, his son said he was scared of making money. The father isn't necessarily scared; he's cautious, and at his stage of life, that's a reasonable instinct. But he also doesn't want to dismiss his son or miss out on growth entirely.
Don't Miss:
40% Of Americans Aren't Invested In The Stock Market. And Money Isn't The Only Reason.

#isn 't #father #finance #don 't
clickwidget
24 days ago
A Medicaid divorce lets the at-home spouse keep the house and up to $162,660 while Medicaid covers the nursing home's $9,277 monthly bill.
The strategy requires a real court-ordered divorce, since Medicaid's five-year look-back treats uneven transfers as gifts and penalizes them.
Before filing, families should exhaust spousal refusal, Medicaid-compliant annuities, and exempt-asset conversions, since a divorce strips survivor benefits and medical decision rights.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now. The report is free. Enter your email and see if any of your stocks made the cut.
A Medicaid divorce, involves a long-married couple legally ending their marriage as part of a long-term care strategy. He enters a nursing home that Medicaid may cover, while she keeps the house and a larger share of their savings to protect her retirement. It's a real but uncommon strategy. State laws may vary, and many attorneys consider it a last resort.

#medicaid #real #since #stocks
coxemdo
24 days ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
A married couple, ages 45 and 43, got spooked during a steep market selloff and sold their entire $600,000 brokerage portfolio. Eight months later, stocks have climbed back, their money is still sitting in a savings account, and each spouse blames the other for pushing the sale.
The argument misses the real problem. They're not stuck because of one bad decision; they're stuck because they never had a plan for what to do when markets fell. Getting back in the right way matters more than figuring out who panicked first.
Don't Miss:
Think Your IRA Can Only Hold Stocks And Funds? Think Again. Here's What A Self-Directed IRA Can Actually Invest In.

#benzinga
flyrp
24 days ago
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Some might think $4 million guarantees a life of luxury, but with market volatility and inflation, it makes sense to ask how far that money will actually go.
One of the trickiest elements of retirement planning is figuring out a savings target. It's virtually impossible to estimate what retirement will cost because there are too many unknowns, from inflation to longevity to healthcare costs.
When it comes to setting a savings target, the best thing many of us can do is estimate a number and run with it.
Some data shows how much money it might take to afford a comfortable retirement. Northwestern Mutual found that $1.46 million was the magic number. There's also guidance that you can adjust for your personal situation. Fidelity, for example, recommends having 10 times your ending salary saved by age 67.

#savings #many
7mcAWALSUxunE
24 days ago
Retirement isn't supposed to be a financial obstacle course. But for many retirees, it becomes one — not because they didn't save enough, but because they're avoiding the very decisions that could protect what they've already built. Small postponements and wishful thinking can quietly spiral into serious money problems.
Financial advisors see it happen again and again: retirees who put off critical decisions until the damage is done. Here are five avoidance moves that consistently undermine retirement security.
Without a realistic retirement plan, it's easy to spend more than your savings can actually support.
"What makes this especially difficult is that the conversation goes beyond just the numbers," explained Linda Grizely, financial wellness and behavioral finance speaker. "It can feel like a judgment about lifestyle, independence and past financial choices."
Most retirees keep doing what feels comfortable and hope it works out. Instead, Grizely recommended mapping your cash flow, spending, income, investments, taxes and account withdrawal strategy. Revisit this at least annually and whenever spending, markets, taxes, health or life circumstances shift.

#retirees #grizely #spending
Hnn9Nx
24 days ago
Social Security acts as a financial safety net for many retirees, but it's not enough for most. These government checks were never designed to cover all living expenses. Social Security is a supplemental income source that can keep up with expenses if you combine it with savings.
That's why many people are encouraged to save up before retirement, and the math proves it. Your life in retirement will be very different if you just live on Social Security compared to having $500,000 in savings alongside your government checks. Let's break it all down below.
The average monthly Social Security benefit for retired workers as of mid-2026 was $2,085.98, according to the Social Security Administration (SSA). At that rate, you will not pay any taxes on Social Security, ******* uming you do not have any other income sources. You won't even have to worry about state income taxes.
However, that's where the advantages end if you rely exclusively on Social Security. Per Apartment List data, the national median rent was $1,390 in August. That median rent leaves you with less than $700 for groceries, transportation, healthcare, utilities, insurance, debt and miscellaneous purchases.
For most people, the average Social Security is not enough. High-earners can max out their benefits at $5,181 per month if they earned a high salary for most or all of their 35 highest-earning years and wait until 70 to tap into Social Security, per the SSA. That monthly amount offers more room for financial flexibility, but the average is insufficient for most people unless their spouse earns a similar check or they live very frugally.

#income #financial
slowly_lyl
24 days ago
SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Deciding how much to withdraw from your retirement accounts means finding a balance between enjoying life and making your money last. Taking too little leaves you with unused savings, while taking too much risks running out of money later. Taxes also affect how much you can actually spend. To help you create a retirement budget, let's break down the example of a 67-year-old with $870,000 in a 401(k), $120,000 in an IRA and $26,400 annually from Social Security. Here's what a withdrawal plan could look based on two rates.
A financial advisor can help you create a withdrawal strategy that balances your lifestyle needs, tax impacts and long-term retirement goals.
A 401(k) and a traditional IRA are both retirement accounts funded with pre-tax dollars. Contributions are deducted from your taxable income, allowing you to grow savings faster because the money enters the account before taxes. In retirement, however, all withdrawals are taxed as ordinary income. This includes both the money you contributed and the investment earnings.
This is different from a Roth IRA, which is funded with after-tax dollars. You do not receive an upfront tax deduction for contributions. The benefit comes later: withdrawals in retirement are tax-free, including both contributions and earnings.

#taking #taxes #later #Help
bIBztlzbDYeZ
25 days ago
Where should you put your extra cash -- into a savings account, or invest it in the stock market? It depends on how much money you have and how long you can leave that money alone. It depends on when you need that money, if you want to keep your money safe, or make your money grow.
The stock market is not the same as a savings account. Savings accounts are mostly risk-free: Your money in the bank is typically protected by FDIC insurance. You're guaranteed to get paid a certain rate of interest on your savings.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
So what is the stock market? It might be the best wealth-builder the world has ever seen. And it's easier than ever before to invest in stocks. You can participate in the stock market with just a few dollars at a time.
Let's look at why the stock market could be a better place for your money than a savings account, and which low-cost index fund I recommend to most investors who want to build wealth in 2026 and beyond.

#savings
have1fly
25 days ago
She's done everything right: raised four kids, largely as a single mother, has no debt and a fully funded emergency savings account. Her retirement savings are about $1 million split between a "Roth and 401(k)," and her paid-off home in Illinois is worth around $350,000.
By almost any measure, this woman has won. So why does she want to give it all up and rent?
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 reasons why retirees can't afford to waste time
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one

#savings #illinois #americans #asap
DHXwyyKsR2Z
25 days ago
Social Security is the only income that automatically beats inflation, making it the anchor of any retirement plan built on $540,000 in savings.
Delaying Social Security past 64 and bridging expenses with Treasury bills yielding above 4% produces a larger lifetime benefit and a smaller tax bill.
The 4% withdrawal rule applied to $540,000 yields about $21,600 annually, and claiming Social Security early permanently cuts that check by roughly 20%.
Building a portfolio and living off one are two completely different skills, and almost ***** ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
A 64-year-old with $540,000 saved and a $2,600 monthly Social Security estimate has two very different kinds of money. One is a government check that rises with prices for life, while the other is a portfolio that has to survive market drops, inflation and possibly 30 years of withdrawals. The income you can count on depends almost entirely on how you connect those two pieces over the next three years.

#security #income #almost #years
tR0LY
26 days ago
A typical single retiree needs about $898,000 invested for a comfortable retirement, but $1,000 a month in annuity income can reduce that to about $598,000.
Because part of your savings would be used to buy the annuity, these figures show what must remain invested, not your total savings target.
With $2,000 a month in annuity income, the remaining nest egg ranges from about $44,000 in North Dakota to about $418,000 in New Jersey.
For retirees, an annuity can meaningfully shrink the nest egg needed for a comfortable retirement—but only after you spend down some savings to buy the annuity.
A typical single retiree age 65 or older needs about $898,000 saved to fund a comfortable retirement after accounting for roughly $23,700 a year in Social Security, according to an Investopedia ***** ysis of federal data. Across the 50 states and Washington, D.C., that figure ranges from about $644,000 to nearly $1.02 million.

#Retirement #invested
hypeRfix
26 days ago
A $100,000 split equally across KO, ABBV, and CVX plus two others yields a blended 3.72%, generating $3,715 in annual passive income.
Realty Income (O) leads the group at a 6.04% yield, paying monthly dividends raised for 115 consecutive quarters on 98.8% occupancy.
Five industries fund the income stream, so a weak year in oil, pharma, or ****** et management hits only a fraction of total payouts.
Building a portfolio and living off one are two completely different skills, and almost ****** ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
Retirement changes how income works on the day the paychecks stop. Social Security covers part of the monthly bill, and the rest has to come from savings, an annuity, or a portfolio that pays cash on a schedule. Selling shares to cover groceries works fine until a bear market forces those sales at bad prices. Dividends let a retiree collect income and keep the same number of shares.

#income #works #five
014_zt
26 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
With so many guidelines around saving for retirement — best practices, where to put your savings, and how much to save — it can be difficult to know which path to take.
The advice usually goes something like this: Save a certain percentage of your income throughout your career, and your retirement fund could be somewhere in the millions. T. Rowe Price and Fidelity both recommend that retirement savers put away at least 15% of their income, while Vanguard recommends 12% to 15%.
This all sounds great in theory, but if you're earning an average salary, it could feel like a reach. However, experts say it may not be.
Last year on Instagram, multimillionaire investor and entrepreneur Kevin O'Leary shared the advice he gives his children to keep them on track toward a healthy nest egg.

#Retirement #rowe
hayaz0479
26 days ago
The bond-market rout of 2026 may be jolting markets, but it's also gaining a important following among savers and the risk-averse.
Wall Street has been gripped by the volatile moves in bond yields over the past few weeks. The all-important 10-year Treasury yield BX:TMUBMUSD10Y was up another 3.4 basis points on Monday to 5.35%, it highest level since April 2002, according to Dow Jones Market Data.
My wife never went back to work after raising our kids. Do I have to share my retirement savings 50/50?
Go ahead and get that poetry degree. Republican law won't prevent people with humanities majors from getting student loans.
That's raised the costs of new mortgages, corporate borrowing and financing the $40 trillion national debt. It also has many bond portfolios sitting in a sea of red ink for 2026, with the bond market's equivalent of the S&P 500 SPX — the Bloomberg U.S. Aggregate Index's — total return having turned negative. Bond yields and prices move in the opposite direction.

#bond #treasury #tmubmusd10y
deltablinkbarely
26 days ago
This is one of the best letters that I have read in my lifetime ("We lived within our means: I earned $30,000 as a pastor and still retired comfortably"). I used to be a mortgage-loan officer; I would get a couple that each made six figures, but would have difficulty qualifying them for a loan amount they wanted because of their consumer-debt load.
Conversely, I would have a blue-collar "Joe Sixpack" that made substantially less but saved and saved and saved, and who got the loan he needed for a house. People in the U.S. need to wake up and not be compulsive: Quit buying things you really don't need. It's that way with the federal government as well, and based on that.
My wife never went back to work after raising our kids. Do I have to share my retirement savings 50/50?
Go ahead and get that poetry degree. Republican law won't prevent people with humanities majors from getting student loans.
We'd better get real quick or we're going to have a financial crisis that makes the Great Recession of 2008 look like a picnic.

#conversely
glide427
26 days ago
What is the stock market? It's one of the most-discussed topics in the news media. It's responsible for the life savings and future retirements of millions of Americans. It's a big reason why many of us go to work every day. But what is it, really?
The stock market is a public worldwide trading network where investors can buy and sell stocks in publicly traded companies. Every day, millions of investors around the world use the stock market to make decisions about how to put trillions of dollars to work.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
As of September 2026, the total market cap of the world's stock markets was about $164.5 trillion, with about 59,500 listed companies. Investing in the stock market can help build the economy by deploying capital to productive companies, innovative entrepreneurs, and growing industries.
When you buy stock in a company, you own a share of that company's future earnings. Investing in the stock market is a way of making a long-term, win-win bet on a brighter future. It's a way of participating in human creativity, collaboration, and prosperity. And most of the time, it's one of the best ways to make money and grow your wealth.

#NVIDIA #every
ultra
26 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Deposit account rates have started to tick back up after the Federal Reserve's recent rate increase. That means you can lock in a competitive return on a certificate of deposit (CD) today and preserve your earning power. In fact, the best CDs pay as much as 4% APY or higher in some cases. Read on for a snapshot of CD rates today and where to find the best offers.
CDs today typically offer rates significantly higher than traditional savings accounts. Currently, the best short-term CDs (six to 12 months) generally offer rates around 4% APY.
Today, Tuesday, October 6, 2026, the highest CD rate is 4.50%, and it's offered by Northwestern Federal Credit Union on its 15-month CD
The 's a look at some of the best CD rates available today, Tuesday, October 6, 2026, from our verified partners.

#rates #best
06prismlynx
26 days ago
Treasury Secretary Scott Bessent said the child savings accounts known as Trump Accounts will complement Social Security, improving retirement security for the youngest Americans.
"Depending on which age a beneficiary decides to take Social Security — 62, 65, 70 — on the other side of the ledger, if they have maintained their Trump accounts into retirement age, then they will also have a substantial nest egg that they can grow upon for their retirement needs," Bessent said at an event on Monday, highlighting the Trump Accounts in Harrisburg, Pa.
As of Oct. 1, the Treasury Department shifted the accounts from a voluntary index-fund investment to automatic enrollment to ensure broader access to the child savings accounts.
Read more: How to open a Trump Account for your child: A step-by-step guide
Nearly 70 million children under 18 with a valid Social Security number now have Trump accounts established in their names. That's up from 7 million signups last week. It's now up to parents and guardians to claim their child's account.

#accounts #security #Retirement #account
meGaslowlY
26 days ago
Clark Howard calls Medicare Advantage plans "disadvantage plans," warning the new SCAN Costco HMO prioritizes cost savings over patient care through prior authorization denials.
In a serious illness year, a $0-premium Advantage plan can cost $6,807 more than Original Medicare plus Medigap Plan G, which caps costs at $283 annually.
Choosing Advantage at 65 may permanently lock you out of Medigap coverage if you get sick later, since most states allow insurers to deny or upcharge applicants.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
"Costco. Do you know what you're doing here? You know who you're messing around with?" Consumer advocate Clark Howard, usually one of the warehouse club's biggest fans, said that on his show on October 5.

#clark #plan #plans
vcTlD
26 days ago
The size of your Social Security check changes the nest egg you need more than any differences between states.
Under the 4% rule, each additional $100 a month in benefits cuts the savings a single retiree needs by about $30,000, regardless of state.
A maximum earner who delays to 70 can cover the average comfortable budget on Social Security alone, with essentially nothing saved—but very few qualify for the maximum benefit.
For a single retiree, your monthly Social Security benefit shapes the savings you need more than your address does—there's no second check to fall back on.
But regional costs of living matter, too. An Investopedia ******* ysis of federal cost and benefit data found that the savings a typical single American age 65 or older needs for a comfortable retirement is about $898,000. The least expensive state, North Dakota, runs about $644,000, while the priciest, New Jersey, costs about $1.02 million—a spread of about $375,000.

#security #check #retiree
driftfg
1 month ago
On the Sept. 3, 2026 episode of The Ramsey Show, a Houston caller named Nathan asked whether he should use his savings to clear a mortgage he described as a "whatever, 2% mortgage or something." He had about $280,000 left on it and roughly $346,000 in liquid ******* ets, most of it cash and the rest in a taxable brokerage account. Dave Ramsey told him to do it, and to do it that night.
Five months earlier, Ramsey had told a caller in almost the same position the opposite. On April 1, 2026, a web engineer earning around $600,000 a year called in about three weeks after being laid off, sitting on enough cash to clear a San Francisco, California mortgage. "When you're in the middle of a storm, you do temporary things," Ramsey said. "Hold on to the cash. We're not gonna pay off the house because we may not be staying in the house."
Here's Another Little-Known Firm Jensen Huang's Nvidia Is Quietly Backing
MediaTek Is Stepping Up Competition Against Qualcomm With a New 2-Nanometer Chip. What This Means for QCOM Stock.
1 Year Into the Microsoft Deal, IREN Is Delivering and a Rally May Follow Soon

#mortgage #told

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