Are the Fed’s Rate Cuts Over Now That Inflation Is Rising Again?
Image source: The Motley Fool/Upsplash Inflation wreaked havoc on Americans’ finances for much of 2022 and 2023. But thankfully, things have been better this year, with annual inflation rising at a much slower pace. Since annual inflation had been steadily creeping downward toward the 2% mark, which is the Federal Reserve’s ideal inflation target, the […]
What the Latest Fed Rate Cut Means for Mortgage Interest Rates
Image source: Getty Images When the Federal Reserve lowered its benchmark interest rate by half a percentage point in September, it wasn’t a particularly surprising move. At that point, the Fed was expected to make its first rate cut of the year in response to cooling inflation. The fact that the Fed then lowered its […]
Here’s What Happens When You Cancel Your Costco Membership After 364 Days
Image source: Getty Images If you’re not used to spending money just to enter a store, then you may not love the idea of paying for access to Costco. A basic membership will cost you $65 a year following a recent fee hike, while an Executive membership that gives you 2% cash back on your […]
3 Reasons Retirees Should Not Enroll in Medicare Advantage for 2025
At this point, there are only a few weeks left before Medicare’s fall open enrollment period comes to an end. If you haven’t put your coverage in place for 2025, now’s the time to get moving. During open enrollment, you can switch from your current Medicare Advantage plan to a new one. Or you can […]
Have $100,000? Here Are 3 Ways to Grow That Money Into $1 Million for Retirement Savings.
Hitting that first $100,000 is a remarkable milestone — and it’s probably the toughest. But once you reach it, the heavy lifting eases up as your money starts working for you. If you’re ready to take your portfolio to the million-dollar mark and let the power of compounding work in your favor, here are a […]
3 Simple Steps I Took To Reach an 800 Credit Score
Image source: Getty Images Your credit score might seem like a complicated subject. Several factors go into it, and they’re not the most self-explanatory. As confusing as credit scores can be, building credit is fairly simple. It also has huge financial benefits. You’ll be able to get the best credit cards, you’ll pay lower interest […]
Here’s Why Claiming Social Security at 70 May Not Work Out for Some Retirees
It’s an unfortunate but known fact that many older Americans kick off retirement with little to no savings. The Federal Reserve reports that as of 2022, the median retirement plan balance among seniors aged 65 to 74 was only $200,000. And while a strong stock market may have raised that number since that data was […]
