Can I Use My Spouse’s Costco Membership? The Answer May Surprise You
Image source: Getty Images The people that we live with, have relationships with, and legally bind ourselves to, all have certain benefits for a lot of programs. You can share your streaming account with household members, for instance, or file taxes with a spouse. Unfortunately, Costco isn’t quite as blasé about sharing as the U.S. […]
How to Use Medicare’s Plan Ratings System During Open Enrollment
Medicare’s fall open enrollment has been underway since Oct. 15. At this point, you only have a short amount of time to make changes to your Medicare coverage for 2025, since open enrollment wraps up on Dec. 7. There are several good reasons to consider a new Medicare Advantage or Part D drug plan. First […]
Watch Out: This 1 Mistake Could Get Your Credit Card Instantly Canceled
Image source: Getty Images No one wants to get a notification that their credit card has been canceled. This isn’t a common occurrence — credit card companies normally want to add customers, not get rid of them. But they can close your card at any time, and there’s one payment mistake that could put your […]
Is Your Net Worth Higher or Lower Than the Average American’s?
Image source: Getty Images You may be aware of how much money you have in your savings account. But do you know what your net worth amounts to? That’s a harder number to come by. Your net worth is the difference between your assets and liabilities. As a very simple example, if you have $10,000 […]
The Average Retirement Savings Balance by Age Might Surprise You
Have you ever wondered how your IRA or 401(k) balance might compare to what other people your aged have saved? If so, you’re surely not alone. It can be argued that comparing your savings to other people’s isn’t helpful, since everyone’s expenses are unique. But there can be some value in seeing what the typical […]
Social Security Retirees Just Got Bad News About the 2025 Cost-of-Living Adjustment (COLA)
Social Security benefits are adjusted annually to account for inflation in the previous year. For instance, retirees and other beneficiaries will receive a 2.5% cost-of-living adjustment (COLA) in 2025 to account for rising prices in 2024. Unfortunately, that will be the smallest increase in payments since 2021 and falls below the 10-year average of 2.75%. […]
3 Questions All Retirees Should Ask Before Claiming Social Security
There’s a good chance Social Security will play an important role in your retirement. After all, once you start getting benefits, you’re entitled to them for the rest of your life. That’s why it’s important to sign up for benefits at the right time. Your Social Security filing age will play a role in determining […]
