This post was last updated on 16 February, 2026, to reflect all updated information and best serve your needs.

Planning for your retirement is the key to fully enjoying the fruits of your labor. Whether you have an IRA (individual retirement account), a 401(k), or other retirement account, you'll want to get the most out of it by maximizing your contributions. Understanding the IRS contribution limits will help you maximize your savings.

This post was last updated on February 04, 2026, to reflect all updated information and best serve your needs.

Make the most of your retirement planning in 2026! No matter how much time there is between now and these deadlines, mark your calendar so you don't miss anything. Now is the time to prepare for retirement account contributions (or withdrawals). 

There’s no easy way to say it: getting a divorce is terrible. Not only is there the emotional toll that you have to deal with; a divorce also brings with it a measure of financial stress as well. Instead of living on multiple incomes and sharing expenses, you are now forced to make – and pay for – everything on your own, making all financial decisions along the way. 

This burden doesn’t get any easier as you approach your retirement years either. A reduced income can make it harder for a single individual to live and thrive during what are supposed to be the golden years of life. Thankfully, there are programs out there that can provide some measure of help, and Social Security is one of them. 

For the recently widowed, there are many painful questions that have to be answered. Unfortunately, many of those questions are about money. When you should be focusing on family and saying goodbye, you instead have to deal with questions about loss of income and the decisions that need to be made. 

For widows and widowers approaching retirement, many of the money-related questions have to deal with Social Security. Because a spouse has spent his or her entire life working and paying into the system, it doesn’t seem right for it all to go to waste. Shouldn’t the widow be entitled to the Social Security benefits of the deceased?

For married couples, filing for Social Security comes with several options. Depending on the situation of the couple, there are different strategies that couples can employ to maximize their life-time benefits. We’ll cover each of these in more detail below but, for now, here is a brief overview to get you started. 

First, for couples that have a long life expectancy, the best strategy is to wait as long as possible before filing. Because waiting to file (up until age 70) increases the monthly size of your Social Security payments, a couple that expects to live a long time can earn more over the course of their retirement by waiting to file.

There are many perks to retirement, such as freedom, traveling, spending more time with friends and family, and for most, becoming Medicare eligible. Most seniors become eligible for Medicare when they reach age 65. Though, some seniors believe they do not need Medicare due to retiree or Veterans Affairs (VA) coverage. 

That is not always the case, so it’s important to know the facts when you approach your Golden Years. Here’s why you should have Medicare in retirement.

If you want to save money for retirement, you need to start doing it right now, no matter how old (or young) you are. While there are multiple methods for building a nest egg, one of the most reliable is contributing to an individual retirement account (IRA). 

There are two primary types of IRAs available - traditional and Roth. Both options have benefits and downsides, so it’s crucial to understand the differences between them. Here is what you need to know. 

According to a recent study, over two-thirds of Americans (69 percent) have less than $1,000 saved in a bank account. This statistic is troubling for many reasons, particularly when it comes to having an emergency fund or saving for retirement. 

If you’re one of these individuals, you may be struggling with the idea of saving money. However, what if you could stash up to $5,000 within a year? It might seem far-fetched right now, but it is possible. We’re going to show you how. 

As you get older, there’s a possibility that your health will decline to the point where you need assistance. This assistance can range from part-time help all the way to full-time assisted living. 

This long-term care is expensive, and without proper planning can financially devastate a person or couple. Paying for care with your own dollars will erode your nest egg and, depending on how big it is, it might even dwindle it all down before Medicaid swoops in.

As you get closer to retirement, it’s crucial to plan for every detail. While your primary concern will be whether you’ve saved enough, one element that can come into play is life insurance. 

Typically, most individuals believe that life insurance coverage is only necessary when they have dependents. However, it can be a valuable asset at any stage of life, including retirement. In this article, we’re going to outline the steps you should take to determine whether you need life insurance in retirement or not.