Clayton Jarvis

1 month ago | moneywise.com | Maurie Backman |Clayton Jarvis

Attaining the right risk profile When you’re young and in the process of building retirement wealth, it can be disheartening to see your portfolio value take a hit. However, you can take comfort in the fact that you’re not going to be using that money for many years. At 67, though, you can’t afford to take on the same amount of risk since you might be on the verge of tapping into your retirement savings for income, if you’re not already in the process of doing so.

1 month ago | moneywise.com | Sarah Li-Cain |Clayton Jarvis

What to do before you retire The final months before retirement are a crucial time to determine how much money you have and finalize a withdrawal strategy to ensure it lasts. Budgeting for current and future expenses will help you come up with an effective withdrawal plan. For many, the 4% rule is a decent guideline. This entails withdrawing 4% of your retirement savings in the first year, then adjusting the amount for inflation in subsequent years.

2 months ago | moneywise.com | Christy Bieber |Clayton Jarvis

Here's what lawmakers are proposing The Social Security Expansion Act was introduced by Sanders and Democratic Senator Elizabeth Warren, as well as Democratic Representatives Jan Schakowsky and Val Hoyle. Nine other Democratic senators and 17 house members have also co-sponsored the bill. The new bill aims to ensure that Social Security is replete with funding through a tax on American households that earn $250,000 or more per year.

Feb 11, 2025 | moneywise.com | Sarah Li-Cain |Clayton Jarvis

Who has their payments suspended? Over 700,000 of those who receive Social Security benefits live abroad. A number of them may be surprised to find they haven’t received a payment in February, prompting embassy websites to put up notices explaining why. It’s to do with confirming one’s eligibility to receive payments.

Jan 18, 2025 | msn.com | Clayton Jarvis

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