2 Big Social Security Changes Are Coming in 2025. Here’s What to Expect.
Social Security has been around for nearly nine decades, but the program has had a major overhaul since then. And now its gearing up for some big changes in 2025 that could affect millions of people. Whether you’re already collecting benefits or planning for retirement, it’s important to keep tabs on these changes so you […]
5 Products Every Kohl’s Shopper Should Try
Image source: Getty Images Kohl’s may have started as a grocery store nearly a century ago, but the department store of today doesn’t carry a lot of foodstuffs. Instead, Kohl’s has a plethora of clothing and homegoods to rival any mall foundation store. The brands carried by Kohl’s cover a lot of popular and big […]
Here’s the Biggest Problem With Social Security Cuts
Social Security is in financial trouble. No, the program is not going bankrupt. That’s virtually impossible based on the way Social Security is funded. Rather, in the coming years, Social Security expects to owe more in benefits than it collects in revenue as baby boomers retire in droves. Social Security can tap its trust funds […]
The Harsh Reality of President-Elect Donald Trump’s Social Security Plan Can’t Be Ignored
In October, more than 51 million retired workers took home a benefit check that averaged $1,924.35. While this is a relatively modest amount of money, it’s nevertheless foundational for most retirees. Since 2002, national pollster Gallup has been surveying retirees annually to gauge how important their Social Security income is to making ends meet. For […]
3 Things All Retirees Need to Know About Medigap Plans
There’s a big misconception about Medicare that tends to throw retirees for a loop. Many people go into retirement thinking their healthcare needs under Medicare will be covered at no cost to them. But there’s a world of expenses you might incur as a Medicare enrollee outside of your premiums. As a Part A enrollee, […]
2 Important IRA Changes Coming in 2025 That Investors Must Know
In November, the Internal Revenue Service (IRS) published its updated 2025 rules for individual retirement accounts (IRAs). Importantly, the annual contribution limits will remain the same: $7,000 for taxpayers under 50, and $8,000 for taxpayers 50 and older. However, the IRS did announce two important changes that are coming next year. The income limits for […]
2 Social Security Cost-of-Living Adjustment (COLA) Changes Retirees Really Want to See
The 2025 Social Security cost-of-living adjustment (COLA) came in at just 2.5%. That’s well under the 3.2% retirees got last year and far less than what many were hoping for. The high inflation over the last few years has made it difficult for retirees to afford their basic expenses, and many fear this will only […]
