Here’s What Experts Say It Will Take to Fix Social Security
The Social Security Board of Trustees expects the program to become insolvent in the next decade, which would result in a sizable cut to benefits. Those who count on Social Security to pay bills are naturally anxious. They want to know if someone is actively working on a solution, and if so, what that solution […]
These Social Security Beneficiaries Could Get 3 Checks in May 2025
While most retirees are grateful to have their Social Security checks, many often feel they’re not enough. It would be great to have more than one monthly benefit coming in, though that’s not possible for most people. A small group of seniors does get multiple checks each month, though. This month, they’ll actually receive three. […]
Retirees Should Have This Much Invested by Age 65
Saving for retirement has become increasingly challenging as the cost of living rises and life expectancy increases as well. There’s no one-size-fits-all approach to retirement. Some people like to live on less and are happy being able to afford the necessities, while others aspire to buy second homes and regularly travel. Regardless of your preference, […]
May 2025 Update: 3 Credit Score Perks Most People Don’t Know About
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The 170,000 Beneficiaries the Social Security Administration May Cut
A proposal floating around the Social Security Administration (SSA) would bar anyone without a Social Security number from collecting benefits on behalf of retired, disabled, widowed, and low-income individuals. Whether the beneficiary currently collects benefits after a lifetime of working or SSDI for a disability, the new proposal would require their representative payee to provide […]
Here’s What Shark Tank’s Kevin O’Leary Has to Say About Retiring With Debt
Kevin O’Leary, whose net worth is estimated at around $400 million, might have become a well-known name through his role on the popular show Shark Tank, but he made his fortune by selling his software company and making savvy business deals and investments thereafter. Given O’Leary’s success, it’s no surprise that people tend to listen […]
4 Reasons You Should Think Twice Before Dipping into Your Retirement Account to Buy a Home
What do you do when you want to buy a home but lack the money for a down payment? Dipping into your retirement savings by taking a withdrawal from a 401(k) or IRA may seem like an obvious answer, but doing so can come with serious drawbacks. Here, we cover four of the more serious […]
Social Security Needs Money. Here’s What Lawmakers Can Do to Get It.
A program as important and popular as Social Security is bound to find its way into the news from time to time. But that doesn’t mean everything you read about it is accurate. You may have read in various places that Social Security is on the brink of bankruptcy, and that the program is at […]
