5 Amazing Costco Buys for Under $100
Image source: Upsplash/The Motley Fool Costco is basically a treasure hunt for grown-ups — where else can you buy enough toilet paper to last through an apocalypse and find luxury goods at bargain prices? The key to saving big at Costco is shopping strategically, timing those instant savings events, and stacking rewards through your membership […]
Social Security COLA Update: Here’s How Much the Average Benefit Will Increase in 2025
The wait is over. On Thursday, the Social Security Administration (SSA) announced the cost-of-living adjustment (COLA) for 2025. Beginning in January, more than 72.5 million Americans will receive a 2.5% increase in their benefits. What will this adjustment mean in dollars and cents? Here’s how much the average benefit will increase in 2025. Image source: […]
Retirees in These 9 States Risk Losing Some of Their Social Security Checks
Here’s an eye-opening fact: The bottom 40% of lifetime earners get more than 80% of their retirement income from Social Security. Without Social Security benefits, many millions of retirees would slip below the poverty level. Thus, it’s rather important to try to make your benefits as big as possible. There are multiple ways to do […]
It’s Official: Social Security Benefits Get a 2.5% COLA in 2025, but It Comes With Bad News for Retirees
The Social Security Administration released news on Thursday, Oct. 10, explaining that beneficiaries will receive a 2.5% cost-of-living adjustment (COLA) in 2025. That means the average monthly retired worker benefit will increase from $1,920 in August 2024 to $1,968 in January 2025. Retired workers haven’t received a smaller raise since 2021. Unfortunately, there is more […]
9 Amazing Costco Buys for Under $55
Image source: Upsplash/The Motley Fool Costco always has amazing deals for anyone who is willing to spend a little time tooling around the warehouse or the website. But now it’s October, and according to a Bankrate survey, nearly half of holiday shoppers plan to start their shopping by Halloween, so it’s even more important to […]
It’s Official: Here’s Your Social Security Raise for 2025
In the wake of the pandemic, inflation soared to a degree not seen in decades, wreaking havoc on consumers’ finances and putting pressure on retirees with fixed incomes. But thankfully, inflation has cooled nicely in 2024, leading to some relief in the context of everyday expenses. At the start of 2024, seniors on Social Security […]
5 Travel Card Mistakes That Could Cost You Over $1,000
Image source: Upsplash/The Motley Fool Lots of credit cards can save you money with the perks they offer. But if you go on trips often, travel cards offer the most value. The right one could help you save thousands on airfare, hotel stays, and other travel expenses. Because travel cards have so much potential value, […]
Here’s How Much You Should Have Invested for Retirement at Age 40
It’s never too early to start planning for retirement, but realistically speaking, it’s not something everyone takes seriously in their 20s or even their 30s. But life starts changing by the time you’re 40. Hopefully, things are falling into place, whether that’s your career, starting a family, or anything else you’re striving for. But most […]
Here’s What the Fed’s 0.50% Rate Cut Means for People Carrying a Credit Card Balance
Image source: Getty Images The Federal Reserve initiated its first federal funds rate cut in four years on Sept. 18, 2024. It opted for a more aggressive half-percentage-point cut, and people are already feeling the effects. The federal funds rate doesn’t directly influence consumer products, but banks often use it as a benchmark when setting […]
3 Reasons Social Security Is Struggling and 6 Things That Might Fix It
It’s no secret that Social Security isn’t doing well, but most people tend to overestimate the severity of the situation. They think Social Security’s going to disappear in a few years, leaving them to fund their retirements completely on their own. Thankfully, that’s not going to happen. But the reality is still pretty concerning. Social […]
