Want to Save Money on Holiday Flights? Book Now for Thanksgiving 2024
Image source: Upsplash/The Motley Fool It may only be early October, but the winter holidays will be here before we know it! Now is an ideal time to start thinking about your plans. If you’re traveling for Thanksgiving, that means booking your flights. Since so many people travel during that time of year, it’s common […]
Yes, You Can Buy a Guest House at Costco. But Should You?
Image source: Getty Images Costco’s catalog of odd and delightful finds just keeps growing. Somewhere between the giant tubs of mayo and high-end massage chairs, you may find something you didn’t expect: a 10’x12′ studio shed for $16,999.99. Yes, you read that right — Costco is selling a guest house. But before you start picturing […]
Baby Boomers Still Have the Highest Credit Limits. See How You Compare
Image source: Getty Images A high credit limit can be handy if you need to put a large unexpected expense on your credit card, like a major car repair. High credit limits can also signal to other lenders that you’re responsible with your available credit. Even if you think you’re doing pretty well with your […]
I Used to Think a Delayed Retirement Was the Best Way to Make Up for a Small IRA or 401(k) Balance. But Here’s a Better Solution
When I read that the median retirement savings balance among Americans aged 65 to 74 was just $200,000 as of 2022 (the latest year for which this data is available from the Federal Reserve), I was disappointed but not particularly shocked. It’s not a secret that many people struggle with retirement savings. The problem, though, […]
Social Security’s 2025 COLA Is Almost Official: Here’s Everything We Know So Far
The Social Security program undergoes several important changes each year to ensure benefit payments keep pace with inflation and wages. The most anticipated of those changes is the annual cost-of-living adjustment (COLA). That’s especially true in 2025 given that inflation has been a serious burden for many Americans in recent years. The Social Security Administration […]
Don’t Have a Costco Card? 3 Retailers With Great Deals
Image source: Getty Images Many shoppers seek more ways to save money to combat rising living costs. For some, one solution is to join Costco to shop members-only deals. However, since Costco membership costs $65 to $130 a year, it’s not an expense that fits everyone’s budget. That’s understandable. But I have some good news. […]
Here’s How Much the Estimated 2025 Social Security Cost-of-Living Adjustment (COLA) Could Increase Today’s Maximum Benefit
Today’s wealthiest Social Security beneficiaries rake in a whopping $4,873 per month. That’s more than $58,000 per year, and they’ll get even more in 2025. These seniors will get the same cost-of-living adjustment (COLA) as everyone else starting in January. COLAs are percentages, so everyone’s checks will increase by a certain percentage of their current […]
This Is the Average 401(k) Balance for Ages 45 to 54
If you have access to a 401(k) through your employer, it’s wise to take full advantage of it. The 401(k) offers a higher contribution limit, allowing up to $23,000 per year, compared to $7,000 per year for both traditional and Roth IRAs. Many plans also offer employer matching contributions, which can effortlessly double your savings. […]
Hate the Idea of Worrying About a 2025 Social Security COLA? Here’s What to Do.
How much will Social Security benefits rise in the new year? That’s a big question on a lot of people’s minds as we get closed to nailing down an official 2025 cost-of-living adjustment (COLA). The purpose of Social Security COLAs is to help ensure that beneficiaries don’t lose buying power as inflation drives the cost […]
