Here’s the Average Social Security Benefit in Every State
Retirees across the U.S. lead very different lifestyles, but nearly all of them depend upon Social Security to pay for at least part of their monthly expenses. You may already know that the size of your benefit depends on several factors, including how much you earned throughout your career. But you may not have thought […]
4 Reasons to Buy Nearly Everything With Credit Cards
Image source: Getty Images When it comes to paying for everyday expenses, credit cards often get a bad rap. But if used responsibly, they can be a powerful tool to secure free flights and even grow your wealth. Beyond the convenience factor, credit cards offer perks and protections that cash and debit cards simply can’t […]
Living Off Social Security Alone Might Be Doable, but Here’s Why I Wouldn’t Try It
Social Security was once seen as one part of a “three-legged stool” of retirement funding, the other two sources being personal savings and a pension income. But if you’re like most Americans today, you don’t get a pension, and you find saving on your own to be increasingly difficult as costs continue to rise faster […]
President Trump’s Plan to End Social Security Benefit Taxes Could Save the Average Senior Household $3,000 in Annual Taxes — but There’s a Downside, Too
Retiring without Social Security today would be challenging, especially if you haven’t been able to save much during your career. But retiring on Social Security alone is also difficult. Though cost-of-living adjustments (COLAs) increase benefits in most years, expenses often rise faster. Some seniors find themselves losing a cut of their benefits to the IRS, […]
