This Important Tax Deadline Arrives in October. Don’t Be Late
Image source: The Motley Fool/Upsplash It’s not exactly a secret that tax returns are due every year on April 15. But sometimes, a situation arises where you need more time to file your return. Perhaps you waited a bit too long to find an accountant and couldn’t get one by mid-April to complete your return. […]
Gen Z Is Getting Scammed Online More Than Their Grandparents. Here’s How to Stay Safe
Image source: Getty Images Social media scams — they’re not just for your grandma anymore. While the age of elder fraud and identity theft is alive and well, scam artists are increasingly targeting younger social media users and their bank accounts. In this new age of fraud schemes, here’s what to look out for and […]
Here’s Exactly When the Next Fed Rate Cut Might Happen — and What to Do in the Meantime
Image source: Getty Images When inflation surged in the wake of the pandemic, it created a tough financial situation for a lot of people. Many Americans had to raid their savings accounts simply to keep up with expenses like gas and groceries. In response to rampant inflation, the Federal Reserve raised its benchmark interest rate […]
The Fed Just Cut Rates. Here’s What You Should Do if You’re in Your 30s
Image source: Getty Images The Federal Reserve just gave us a jumbo-sized rate cut, and while it might not sound as exciting as a sale at your favorite store, it’s a big deal for your finances. The Fed’s decision to lower its benchmark rate by 0.50 percentage points now trickles down to the rest of […]
Got a Notice of Change From Your Medicare Plan? 3 Things to Pay Attention To
Millions of older Americans get health benefits through Medicare. But coverage under Medicare isn’t a one-size-fits-all sort of deal. As an enrollee in original Medicare, you have the option to choose your own drug coverage. Or, you could sign up for a Medicare Advantage plan for added benefits on top of what original Medicare entails. […]
Social Security’s 2025 COLA Announcement Is 2 Days Away. Here’s What Your Increase Will Probably Be.
Over 51 million retirees receive Social Security. The popular federal program provides monthly benefits to nearly nine out of every 10 Americans age 65 or older. And this week is a big one for every single one of them. Social Security’s 2025 cost-of-living adjustment (COLA) is only two days away. If you’re one of those […]
Why Millennials Are Struggling Where Boomers Thrived
Image source: Getty Images If you’re a millennial, you’ve likely heard your boomer parents (or even silent generation grandparents) tell stories about how they bought a house in their 20s, paid off their education, and still had enough left over in their checking account to vacation, send the kids to college, and even buy a […]
Avoid These 3 Common Required Minimum Distribution (RMD) Mistakes
Retirement accounts, like IRAs and 401(k)s, come with several advantages for investors. One of the most important is you can defer the taxes on your contributions. Instead of paying taxes on your income during the year in which you earn it, you can wait until you withdraw your savings in retirement to pay taxes, giving […]
Here’s What the Fed Rate Cut Means for the Average House Price Right Now
Image source: Getty Images The Federal Reserve hiked its benchmark interest rate 11 times over the past few years to tamp down rampant inflation. The result has been a massive cooldown in inflation (the good news) but a significant increase in how much we all have to pay for mortgages, personal loans, and credit card […]
1 Reason I’ll Be Taking Social Security Long Before Age 70
Retirement is an exciting chapter in life, but it requires loads of planning. While there are countless decisions to make leading into your senior years, one of the most critical is your Social Security claiming age. You can begin taking benefits as early as age 62, but it comes at a steep price in the […]
