Social Security’s Tax Rules Should Change Next Year. Here’s Why They Won’t.
Many changes are happening to Social Security in 2025. Retirees are getting a cost-of-living adjustment and those who are under full retirement age are allowed to earn a little more money from work without losing benefits. Higher earners will also pay Social Security taxes on a little more of their income, while earning a work […]
How Much More Money Will the Average Social Security Retiree Get in 2025?
In 2025, Social Security retirees are going to see more money in their monthly benefit checks. That’s because seniors get a cost-of-living adjustment (COLA), or benefits increase, in most years — including 2025. So, just how much extra money will the typical senior have to spend in 2025 and beyond? Image source: Getty Images. This […]
38% of Americans Have Bought Into This Social Security Myth. Are You 1 of Them?
Social Security is one of the most important entitlement programs in America as it’s kept millions of seniors out of poverty. Unfortunately, many people have bought into a dangerous myth about Social Security that could affect their decisions in adverse ways. Here’s what you need to know about this common misconception, as well as the […]
Is Five Below the Discount Retailer You’re Missing Out On?
Image source: Getty Images Many people prioritize shopping at discount retailers to honor their budget. Some join warehouse clubs like Costco to score members-only deals, while others get what they need from low-cost retailers like Dollar Tree and Five Below. If you’re sick of overspending, it may be time to explore new retailers with great […]
5 Smart Ways to Never Pay Credit Card Interest Again
Image source: The Motley Fool/Getty Images Credit cards offer lots of useful features. With the top credit cards, you can find sign-up bonuses worth hundreds of dollars, earn cash back or travel rewards, and get complimentary purchase protections, to name a few common benefits. The tradeoff is that credit cards also have extremely high interest […]
3 Numbers Every Social Security Retiree Needs to Know Before 2025
Some important changes are coming to Social Security in 2025, and there are a few key numbers that you must know in order to understand and prepare for them. Here are three key numbers every retiree needs to be aware of so they’ll be ready when the new year rolls around. Image source: Getty Images. […]
A Lawyer Shows You How to Negotiate Down Your Debts With Creditors
Image source: Getty Images I spent many years as a bankruptcy attorney. It was a satisfying profession because my clients had gotten in over their heads for one reason or another (lost a job, illness, or something else) and my job was to help them get out of debt and breathe a little easier. Sometimes […]
Americans’ Average Monthly Housing Expenses Are Up 5%
Image source: Upsplash/The Motley Fool Of the various monthly bills Americans face, housing is easily the largest. Recent research amassed by The Motley Fool Ascent found that as of 2023, Americans spent an average of $2,120 per month on housing, or $25,436 per year. That’s a 5% increase from 2022. If you’re having a hard […]
Social Security Retirees Are Getting a Raise in 2025. Here’s When Your Checks Will Get Bigger.
In 2025, seniors who receive Social Security will see more money coming in their checks. That’s because automatic benefit increases are built into Social Security. Each year, third-quarter data from the Consumer Price Index for Urban Wage Earners and Clerical Workers is assessed to see if prices are up year over year. If costs have […]
Congress Could Soon Vote on a Bipartisan Social Security Bill to Expand Benefits for Nearly 2.8 Million Americans
The Social Security program faces many challenges in the coming years to solve financial issues, and address other issues that stakeholders say badly need change. While this won’t happen overnight, there is now a bipartisan effort to get rid of two provisions that limit — and in some cases eliminate — Social Security benefits for […]
