President Trump’s Social Security Plan Could Cost the Program $1.5 Trillion in Lost Revenue. Are the Benefits Worth It?
President Donald Trump has only been in office a few days, but he hit the ground running. He’s already made good on some of his campaign trail promises via executive orders. But so far, there hasn’t been any movement on his pledge to eliminate the Social Security benefit taxes that many seniors pay. He’ll need […]
How Many Credit Cards Should You Have?
Image source: Getty Images There’s no magic number of credit cards that works for everyone. How many cards someone should have depends on their spending habits, financial goals, and ability to manage multiple accounts responsibly. Looking for a secure place to grow your savings? See our expert picks for the best FDIC-insured high-yield savings accounts […]
The One Mistake Far Too Many Retirees Make
I’m at an age where most of my peers aren’t retiring. But in recent years, I’ve seen a lot of my friends’ parents retire, as well as older relatives of mine. And I’ve noticed a common trend — diving headfirst into retirement without really thinking things through. Put bluntly, that’s a mistake. And it’s one […]
What We Know About the Federal Funding Freeze’s Effects on Social Security and Medicare So Far
Will the federal government freeze financial assistance or not? Who will be affected if it does? Those questions have been asked many times this week after Matthew Vaeth, the Trump administration’s acting director of the Office of Management and Budget (OMB), issued a memorandum on Jan. 27, mandating a “temporary pause of agency grant, loan, […]
2 Big Changes to IRA Contribution and Deduction Limits for 2025
The Internal Revenue Service (IRS) recently updated its rules concerning individual retirement accounts (IRAs) for 2025. The annual contribution limits will remain the same this year, as detailed below: Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. See the 10 […]
Is the 2025 Social Security Cost-of-Living Adjustment (COLA) Really Enough for Retirees to Keep Up With Inflation?
The Social Security cost-of-living adjustment, or COLA, added 2.5% to Social Security benefits in 2025. However, as Certified Financial Planner® Matt Frankel explains in this video, this might not be quite enough to help American retirees keep up with the rising cost of the goods and services they need the most. *Stock prices used were […]
3 Positive Social Security Changes That Arrived in 2025
When you see the name “Social Security” in the news, the context isn’t always positive. For example, a lot of people are worried about Social Security cuts, so you may come across warnings that the program is on the verge of going bankrupt (and it’s not). Along these lines, Social Security sometimes undergoes changes that […]
