You can only claim the new senior tax deduction if you were 65 or older at the end of 2025. You must also provide your Social ...

OBBBA has introduced a ‘Seniors Deduction’ for retirees over 65, of up to $6,000 for individuals ($12,000 for couples), in 2026 tax filings.

We break down the average Social Security payment and 401(k) balance for a 65-year-old. See what the typical monthly ...

Data from the Fed shows how common retirement savings are among older Americans and the average amounts they report.

In 2023, the average retiree age 65 or older spent just over $5,000 per month. The largest portion of that went toward housing. See how your spending compares.

After a long career, many people can't wait for the day they finally cash in on their Social Security benefits — and waiting ...

Anyone who receives Social Security retirement benefits before their full retirement age and continues to work needs to know ...

After years of working, there comes a time when you can finally hang up your hat and retire — and hopefully, get back some of the earnings you’ve contributed to Social Security. For years, Americans ...

Make sure you can afford the health insurance you need to stay healthy; it will help save you money and prevent unpleasant ...

The years leading up to retirement can be tense. The prospect of no more paychecks and living off savings makes many soon-to-be retirees wonder what they can safely spend in that first year. According ...