The current 12.4% Social Security payroll tax is equally split between employees and employers, but it would have to be increased substantially in order to keep Social Security funded.
Target-date funds offer a lot of diversification, which means you will have less to worry about if a single asset within the fund doesn’t perform as well over time.
Social Security divorce benefits are very similar to spousal benefits, but one thing to keep in mind is, like regular Social Security benefits, your full retirement age will determine the amount you get.
O’Dell: “Pick any asset class … all the average investor has to do to earn that asset class’ passive return is buy the asset and hold it. Yet most investors can’t do that.”
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