Retirees will lose an average of $111,000 in income per household because they took Social Security benefits too early into their retirement, rather than draw down on their own savings first, according to a new study released Friday from United Income, a technology wealth management company. At the end of their lives, they will have $68,000 less in estimated wealth because they claimed at the wrong age.
401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000
WASHINGTON — The Internal Revenue Service announced today that the