This Personal Loan Mistake Could Cost You Thousands in 2025
Right now, the average personal loan interest rate is 12.65%, according to Bankrate. But what if there was a way to get a 0% interest rate for almost two full years instead? Looking for a secure place to grow your savings? See our expert picks for the best FDIC-insured high-yield savings accounts available today – […]
14 Million Retirees Are About to See Lower Social Security Taxes Under Trump’s “Big, Beautiful Bill”
Key Points President Donald Trump signed his landmark legislation, the “Big, Beautiful Bill,” into law on July 4. The bill includes a temporary new senior tax deduction intended for retirees that pay Social Security taxes. Not all Social Security recipients would be eligible for the deduction, but millions will be. The $23,760 Social Security bonus […]
Are You Really Ready to Start Collecting Social Security? 3 Signs It Might Be the Perfect Time
Key Points Your Social Security benefit is based on your average monthly earnings over your 35 highest-earning years, adjusted for inflation. When you choose to claim affects the size of your benefit checks for the rest of your life. Married couples should choose their claiming ages together to maximize their household benefits. The $23,760 Social […]
Married? 3 Retirement Planning Mistakes You Might Make
Key Points Retirement is something you and your spouse should work toward together. Have a shared vision for what you want your senior years to look like. Get comfortable with each other’s investing preferences and coordinate your Social Security claims. The $23,760 Social Security bonus most retirees completely overlook › Being married isn’t always easy. […]
Social Security Benefits Will Be Cut 50% for Some Retirees in Late July. Here’s What You Need to Know.
Key Points The Social Security Administration under President Trump has raised the overpayment recovery rate to 50%, and the first wave of notices were mailed out in late April. Affected individuals have 90 days to request a reconsideration, lower withholding rate, or waiver, after which time their benefits will be reduced by 50% until the […]
Claimed Social Security Early? You Can Go Back to Work — but You May Have This Hiccup
Key Points You’re allowed to collect Social Security and a paycheck from a job at the same time. If you earn too much as a early Social Security claimant, you risk having benefits withheld. Given that an early claim reduces your benefits permanently, it’s a situation you’ll want to think through carefully. The $23,760 Social […]
