Social Security Benefits Get a 2.5% COLA in 2025. Will 2026’s COLA Be Higher or Lower?
Because so many people rely on Social Security to make ends meet in retirement, the program’s annual cost-of-living adjustments (COLAs) are an important piece of the puzzle. The purpose of Social Security COLAs is to help ensure that seniors don’t lose buying power over time as inflation leads to higher living costs. In recent years, […]
What Is Coast FIRE? The Early Retirement Strategy, Explained
Image source: Getty Images The financial independence, retire early (FIRE) movement has been around since the 1990s. But it had a resurgence since the onset of the COVID-19 pandemic, offering a path to early retirement. So it makes sense that there have since been offshoots that appeal to different types of people. Enter: Coast FIRE. […]
5 Little-Known Ways to Save Money Shopping at Kohl’s
Image source: Getty Images Kohl’s remains a retail powerhouse with more than 1,100 stores in 49 states. It’s also a go-to for millions of families when it’s time for the kids to head back to school or when holiday shopping begins. We thought now would be a good time to review some lesser-known ways to […]
You Can Join Costco for $20 With This Membership Deal
Image source: Upsplash/The Motley Fool Have you been thinking about joining a warehouse club like Costco to access members-only deals that could save you money? Many shoppers are able to keep more money in their checking accounts by shopping at the popular retailer. But to shop here, you must pay a yearly membership fee. Now […]
Worried You Won’t Get Value From a Costco Membership? Here’s Why You Should Join Anyway
Image source: Getty Images Many shoppers join warehouse clubs like Costco to access members-only deals. Getting a discount when buying groceries, clothes, household goods, and electronics can be a win for your wallet. But you have to pay to join Costco. If you’re on the fence about joining, I suggest you become a member to […]
Here Are Two Major Social Security Changes Retirees Need to Know Heading Into 2025
October is the start of the fourth quarter of the year. It’s also when the Social Security Administration begins releasing key changes for the following year. Retirees may get annoyed at the constant changes around the program, but some changes work out in their favor. The two most important figures that the Social Security Administration […]
Top 20 Costco Buys from My 20 Years of Costco Membership
Image source: Getty Images I was recently shocked to discover that, as of 2024, I’ve been a Costco member for 20 years. Costco has helped furnish my home, supply my small business, feed my children, and equip my everyday life. Here are 20 of my best Costco buys from the past 20 years. (All deals […]
3 Reasons You Should Never Buy a House When You Retire
Image source: Getty Images Planning for your future retirement is going to require you to look at your finances in a holistic way. Not only do you have to consider if you have enough money to get through the day-to-day, you have to figure out what that day-to-day even looks like once you’re the captain […]
3 New Required Minimum Distribution (RMD) Rules Everyone Must Know Before the End of 2024
One of the biggest benefits of saving in traditional retirement accounts like a 401(k) or IRA is the upfront tax break you receive. You won’t owe any income taxes on contributions in the year you make them. That can give you extra cash now, enabling you to save more for retirement. But you can’t defer […]
The Fed Will Probably Cut Interest Rates This Week. Do These 3 Things Before That Happens
Image source: The Motley Fool/Upsplash Have you noticed that the cost of groceries and other expenses aren’t rising as quickly as they were at this time last year, or the year before? Thankfully, inflation has been cooling, which is a great thing for our budgets. The Federal Reserve is clearly happy with the way inflation […]
