5 Gifts You Can Buy at Costco for Under $50
Image source: Upsplash/ The Motley Fool ‘Tis the season to get great presents for the people you love most. Shopping at a warehouse club like Costco can help you stretch your dollars further while you check off items on your holiday shopping list. The retailer has great deals that are worth your money, and with […]
Aiming to Max Out Your 401(k) in 2025? Here’s Why You May Need a New Plan
Maxing out a 401(k) plan is a tall order. This year, that requires you to contribute $23,000 if you’re under the age of 50, or $30,500 if you’re 50 or older. In 2025, 401(k) limits are going up. The maximum allowable contribution for workers under 50 is rising by $500 to $23,500. And those 50 […]
Social Security Benefits Get a COLA in 2025, but Some Retirees Can Expect an Above-Average Raise
Last month, the Social Security Administration announced that beneficiaries will receive a 2.5% cost-of-living adjustment (COLA) in 2025. That revelation disappointed many Social Security recipients. In fact, a recent survey conducted by The Motley Fool found that 54% of retired workers believe the 2025 COLA is insufficient. However, it may help Social Security recipients to […]
Save $50 or More With These 5 Kohl’s Black Friday Deals
Image source: Getty Images If you still have gifts left to buy, Black Friday is the perfect opportunity to shop. Many retailers offer fantastic deals in-store and online. Kohl’s released a Black Friday sales flier in advance of its multi-day sale event. Many of the best deals offer savings of $50 or more. Most of […]
Federal Taxes on Social Security Benefits Could Be Eliminated If Trump Has His Way. But There’s a Dark Cloud With This Silver Lining.
“I will govern by a simple motto: Promises made, promises kept.” President-elect Donald Trump said those words during his victory speech on Nov. 6, 2024. He made multiple promises during the presidential campaign. One pledge was especially important for America’s senior citizens. Federal taxes on Social Security benefits could be eliminated if Trump has his […]
Will You Benefit From the Major 401(k) Updates Coming in 2025?
It’s easy to see why 401(k)s are one of the most popular retirement accounts: They offer high annual contribution limits and the possibility of an employer match. Some companies even let you choose whether you want to fund your account with pre-tax or after-tax dollars. These accounts are set to look even better next year, […]
3 Social Security Rules That Are Changing in 2025 — and 1 Age-Old Rule That Sorely Needs an Update
Oct.10 was a big day for Social Security this year. That morning, the Social Security Administration announced a number of key changes to the program. But while the program’s rules are shifting in 2025, one specific Social Security rule is staying the same. And it’s a rule that’s been hurting retirees for years. Meanwhile, here […]
