President Donald Trump Is Saving Social Security Hundreds of Millions of Dollars per Year. But Is It Enough to Prevent Benefit Cuts?
President Donald Trump promised seniors he would protect Social Security during his campaign in 2024. And since taking office in January, he’s set to work authorizing the Department of Government Efficiency (DOGE) to cut what it deems as unnecessary administrative expenses and work on reducing fraud. Cuts in staffing, building leases, IT contracts, and other […]
3 Little-Known Social Security Rules All Married Couples Should Know
Marriage changes the game when it comes to retirement planning. You now have to accommodate two people’s visions of the future, and that can require some compromise. But you may also have another person to help you save for those goals. You’ll likely have the benefit of two Social Security checks, too. If you want […]
Pros and Cons of Rolling Over Your 401(k) to an IRA
Changing jobs and deciding what to do with the money in your current 401(k) plan can feel tricky. Your current employer may allow you to leave it where it is, or you can roll it over into your new company’s employer-sponsored 401(k). Or you can skip employer-sponsored plans altogether and roll over the money into […]
Planning to Claim Social Security at 70? 3 Reasons to Change Your Mind.
One of the biggest financial decisions you might have to make in the context of your retirement is figuring out when to claim Social Security. Although the monthly benefit you’re entitled to is based on your personal wage history, your filing age also helps determine how much monthly income you get. You’re allowed to sign […]
Tariffs Aren’t the Only Thing Changing Under President Trump. Here Are 2 Social Security Changes to Know as Well
There has been no shortage of shakeups since President Donald Trump took office, including a historic overhaul of the U.S.’s foreign trade and tariffs policy that included new agreements and tariffs on over 180 countries. However, newly introduced tariffs haven’t been the only thing that’s changed. There have also been some Social Security changes that […]
Late to Retirement Planning? 9 Strategies to Help You Catch Up to Your Peers
If you think or are sure that you’re behind in your retirement savings, know that you’re not alone. Per a 2024 AARP survey, fully 20% of Americans aged 50 and above have no retirement savings. Jeepers. Whether you have some money or no money socked away, take heart, because there are multiple things you can […]
The Only 3 Credit Cards You Really Need
Image source: Getty Images You don’t need a wallet full of credit cards to win the rewards game. In fact, Americans only carry about 3.9 cards on average, according to Experian — and you can do a lot with even fewer. Looking for a secure place to grow your savings? See our expert picks for […]
What We Know About Medicaid Fraud
In his role leading the initiative known as the Department of Government Efficiency (DOGE), Elon Musk has suggested that cuts must be made to Medicaid. According to Musk, the program produces billions of dollars in waste each year, with fraud being a major contributor. Here, I take a look at potential Medicaid fraud and learn […]
Do Retirees Now Need to Visit a Social Security Office to Apply for Benefits?
The Trump administration’s policy agenda extends to most government agencies, including Social Security. The administration is focused on rooting out potential fraud in the program as part of a broader effort to reduce the United States’ bloated budget, which resulted in a deficit of over $1.8 trillion in fiscal year 2024. This has spurred the […]
Social Security’s Newest 2026 Cost-of-Living Adjustment (COLA) Forecast Points to Promise and Peril for Retirees
For most retirees, Social Security provides an indispensable source of income. Even though the average retired-worker benefit check was a modest $1,980.86 in February, this payout has been necessary to help beneficiaries make ends meet. Since 2002, pollster Gallup has been conducting annual surveys to gauge how reliant retirees are on the income they receive […]
