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.

Working longer may introduce non-financial risks.

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 ...

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.

Learn how much the average person receives in Social Security at age 65 and explore strategies to maximize benefits and manage financial challenges.

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

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 ...

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 ...

Add Yahoo as a preferred source to see more of our stories on Google. Olded woman looking upset as she checks her phone - PeopleImages/Shutterstock There are some ...

WASHINGTON — Karen Atchison and Tracy Hinnant are more than longtime friends — they are also former colleagues who spent decades working at the Internal Revenue Service. Atchison dedicated 41 years to ...

If you have a target retirement age circled on your calendar, you might be planning around the wrong metric. According to ...