Should You Still Be Saving for Retirement While the Stock Market Is Plunging?
The stock market has many Americans feeling rattled about the future, as prices continue to sink. The Nasdaq Composite fell into correction territory this week, while the S&P 500 inches closer by the day. Amid all of this uncertainty, many workers may be wondering where their financial priorities should lie. Is it really safe to […]
Social Security Just Sent $7.5 Billion in Catch-Up Payments to Over 1 Million People. And There’s More to Come.
The Social Security Fairness Act was passed last year and included a retroactive Social Security benefit increase for over 3 million beneficiaries. The SSA recently gave an update and revealed that more than 1 million people have already received $7.5 billion in catch-up payments, with much more on the way. *Stock prices used were the […]
Retired? Here’s How Much You Actually Need in Your Emergency Fund
Stop me if you’ve heard this before: You should keep enough money in an emergency savings account to cover three to six months’ worth of expenses. (Anyone who’s ever written about personal finance probably feels like they have that little ditty tattooed on their brain. We certainly dole it out often enough.) But what if […]
The Big Social Security Change President Donald Trump Wants to Make and Why It’s Unlikely
President Trump during his recent campaign proposed eliminating taxes on Social Security benefits. “Seniors should not pay taxes on Social Security,” he wrote on his social media platform in July. Trump then reiterated the point during a Fox & Friends interview in August. The president has seemingly doubled down on his proposal since his returning […]
Claiming Social Security While Working? Don’t Fall Into This Trap.
For many people, retirement doesn’t mean leaving a job behind completely. There are numerous benefits to working in retirement, whether on a regular basis or by taking on the occasional gig. Working can serve as a reason to get out of the house. It can also expand your social network at a time when you […]
Social Security’s April Payment Could Look Really Different for 3.2 Million Seniors
Social Security benefits usually only change en masse in January when the new cost-of-living adjustment (COLA) takes effect. But if you’re one of the 3.2 million Americans affected by the Social Security Fairness Act’s recent passage, next month’s benefit check could look different than you’re used to. You may get more than $1,000 additional per […]
