How to maximize Social Security benefits by delaying retirement claims

Americans who are planning for their retirement can get bigger Social Security benefit checks by delaying their application for benefits until after they reach full retirement age. The monthly benefit payments to Social Security beneficiaries are determined based on their full retirement age (FRA), which varies based on the year a worker…

401(k) balances hit second highest on record: Fidelity

Balances for 401(k) retirement accounts hit the “second-highest average on record” in the final quarter of 2024, according to new data from Fidelity Investments.  The financial services company found in its newly-released fourth-quarter retirement analysis that balances for that type of retirement plan averaged $131,700. That figure marked a jump of…

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45% of Generation X is not confident about their retirement

As Generation X continues getting closer to retirement, some have less than rosy views about their retirement prospects, according to a recently released nonprobability-based study from Fidelity Investments.  Fidelity Investments found in the latest edition of its annual “State of Retirement Planning” study that 45% of…

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Study reveals retirement costs without Social Security across states

Retirement remains top of mind for many Americans, whether they are approaching their so-called “golden years” or have many years to go before leaving the workforce.  How much money a person needs to have saved to retire without financial stress is an important consideration in the retirement preparation process, and…

FAA selects 8 proposals for eVTOL aircraft pilot program in 26 states

The Federal Aviation Administration (FAA) announced Monday that it selected eight proposals for a new pilot program testing new advanced air mobility and electric vertical takeoff and landing (eVTOL) aircraft in 26 states. Transportation Secretary Sean Duffy and the FAA unveiled the pilot program, known as the Advanced Air Mobility and…

Jobs market may determine if credit scores continue declining in 2026

A strong credit score can be the key to major financial purchases and affordable loans, but some states saw notable declines that created a “perfect storm” for Americans’ wallets, according to a credit repair expert. On Thursday, WalletHub released its list of the states with the largest credit score decreases,…

Oil prices ease after hitting highest level since 2022 amid Iran war

Oil prices briefly spiked to more than $100 a barrel on Monday amid the ongoing war in Iran, before falling sharply, underscoring how initial fears of supply disruptions eased as contingency plans emerged. Before the outbreak of war with Iran, oil was trading in the range of $60 to $70 a…

Tax-efficient Diversification Techniques | Fox Business

Investors are increasingly focused on not just how they invest their money but also how they can optimize their after-tax investment outcomes. Allspring Global Investments is dedicated to helping investors navigate the evolving tax and estate planning landscapes. Concentrated stock positions can create unwanted risk in investors’ portfolios. Despite the…

Oil and gas price shock from Iran war could impact grocery costs

High oil prices due to the Iran war are pushing gasoline prices higher and that could lead to grocery bills rising for American consumers. Oil prices surged in recent weeks after the outbreak of the Iran war, rising from the $60 to $70 a barrel range for most of February to…

Fed monitors Iran conflict impact on inflation as oil prices surge

Federal Reserve policymakers are monitoring the conflict with Iran for its potential impact on inflation and consumer prices, as energy prices have jumped since the outbreak of hostilities. Oil prices briefly surged over $100 a barrel amid fears of supply disruptions caused by the conflict with Iran, which threatens to stem…