This Was the Average Social Security Benefit in 1975, and Here’s What It Is Now
Ah, 1975. You may or may not remember much from that year, but it was when Gerald Ford was U.S. president, Saturday Night Live premiered on TV, and the Vietnam War ended. People were wearing bell-bottom pants and dancing to disco music, and a new home cost around $40,000, on average. The median family income […]
I Absolutely Prefer a Roth IRA to a 401k for Retirement Savings. Here’s Why.
I’d argue that there’s no such thing as a “bad” retirement account. Any account that helps you financially prepare for retirement and gives you a tax break while doing it is worthwhile. That said, different retirement accounts offer different benefits, so it’s OK to say that you prefer one over another. A 401(k) is the […]
This Strategy Can Help You Get Out of Credit Card Debt Without Paying Interest
Image source: Getty Images If you’re struggling with credit card debt, you’re not alone. With sky-high interest rates, paying off your balance can feel like a never-ending battle. But what if you could hit pause on interest and make real progress toward becoming debt free? Looking for a secure place to grow your savings? See […]
Here’s Why Retirees on Social Security Were Just Dealt a Major Blow
When the Social Security Administration (SSA) announced last October that benefits would only be rising by 2.5% in 2025, a lot of people were disappointed. And that’s understandable since that 2.5% cost-of-living adjustment, or COLA, is the smallest raise to arrive in years. Now the reality is that a smaller COLA is indicative of cooling […]
Does President Donald Trump Receive a Monthly Social Security Check? You Might Be Surprised…
For most retirees, Social Security income is indispensable. Although the average monthly retired-worker benefit to kick off 2025 was a modest $1,975.34, 88% of surveyed retirees in April 2024 told national pollster Gallup that their payout is needed, in some capacity, to cover their expenses. Furthermore, recently updated estimates from the Center on Budget and […]
