The Unfortunate Truth About Claiming Social Security at Age 70
If you want to get the biggest possible Social Security benefit, you have to wait until age 70, and personal finance experts do often recommend waiting until that age to claim. Several studies suggest that’s the age when the average retiree will maximize their lifetime benefit from the program. However, delaying until age 70 comes […]
Just How Worried About Social Security Should You Be Right Now?
If you’re feeling uneasy about the future of Social Security right now, you’re not alone. A whopping 87% of U.S. adults say they’re concerned about the program, according to a 2024 poll from Gallup, with 43% of that group saying they worry “a great deal” about it. Furthermore, 43% of retirees believe their benefits will […]
Is Upgrading to Business Class Worth It? Here’s How to Decide
Image source: Getty Images Travel can be exciting, but getting to your destination isn’t always fun, especially if you’re flying. Dealing with busy airports, long layovers, and cramped plane seats is not ideal. You may wonder if upgrading your airfare to business class is worthwhile for some trips. Not having to sit in economy could […]
Going Back to Work After Taking Social Security? Watch Out for This Sneaky Rule That Could Slash Your Benefits.
“Unretiring” is becoming a popular trend in the retirement community, as many older adults go back to work after leaving their careers. Around 20% of retirees are working either full- or part-time, according to a 2024 survey from investment management firm T. Rowe Price, while 7% say they’re currently looking for employment. While 45% of […]
3 Underrated Perks of Your Costco Membership
Image source: Getty Images If you’ve ever read anything I’ve written for Motley Fool Money, you’ll know I am a Costco superfan. I love all the discounts and exploring the new things that appear in my local warehouse like magic. It’s super awesome! But, did you know that there are perks to your Costco membership […]
5 Reasons to Buy an Item From Costco — Even if the Price Is Higher There
Image source: Getty Images Is it ever a good idea to purchase an item from a retailer charging more for something you want to buy? Honestly, yes — especially if that retailer is Costco. I’m not talking about instances where the Costco price for a laptop or stove is significantly higher than that of Best […]
Have a Health Savings Account? Most Participants Aren’t Taking Advantage of a Key Feature That Could Help Set Them Up for a Financially Secure Retirement
Healthcare expenses are almost unavoidable — we all have to grapple with them at times. But thankfully, there are ways to set money aside for those bills in a tax-advantaged manner. One account it pays to use, if you can, is a health savings account, or HSA. Eligibility to participate hinges on your health insurance […]
3 Great Reasons to Work at Costco
Image source: Getty Images Of the various places I buy groceries, Costco happens to be my favorite. And it’s not just because of the savings I get to enjoy on everything from produce to pantry staples. I happen to be a fan of the way Costco runs its business, as evidenced by how well it […]
I Always Buy Gas With a Credit Card — Here’s Why You Should Too
Image source: Getty Images Gassing up your vehicle is the great equalizer — no matter the weather, when you pull into a gas station, you’re likely to see folks of all kinds standing next to their cars, nozzle in hand. There’s one way to make your gas purchases safer, more rewarding, and more convenient: paying […]
4 Benefits of Adding Your Spouse to Your Credit Card
Image source: Getty Images Finances aren’t always the first topic of discussion when you get married. But it’s important to decide how you’ll manage money, including which accounts you’ll use. Many couples decide to share a credit card by having one spouse add the other as an authorized user. One of you is still the […]
