Social Security’s 2025 COLA Took Effect in January, but It Comes With an Unpleasant Surprise for Retirees
Social Security’s 2025 cost-of-living adjustment (COLA) took effect in January. Benefits will increase 2.5% this year, the smallest pay bump for seniors since 2021. Indeed, more than half of retired workers surveyed by The Motley Fool in October said the COLA was insufficient. However, the situation has worsened since then because inflation has reaccelerated since […]
3 Required Minimum Distribution (RMD) Rule Changes Everyone Must Know In 2025
Contributing to a 401(k) or IRA is one of the best ways to save for retirement. The government will give you a tax deduction equal to your contribution every year you add money to one of those accounts. On top of that, the account won’t incur any taxes on dividends or capital gains while the […]
