3 Surprising Benefits of a Sam’s Club Membership
Image source: Getty Images If you’re tired of spending a boatload of money on groceries and household essentials, then it could pay to join a warehouse club like Sam’s Club. A basic Club membership at Sam’s Club costs $50 a year, while an upgraded Plus membership offering 2% cash back on purchases costs $110. Plus, […]
3 Important Social Security Changes Coming in 2025 That Retirees Must Know
The Social Security program undergoes several important changes every year to keep benefit payments aligned with inflation and wages. Given that benefits are often the largest source of income for Americans aged 65 and older, it is crucial that retired workers and other recipients stay informed. Doing so can help prevent costly financial mistakes. Read […]
1 Social Security Move Absolutely Everyone Should Make Before 2025
Millions of retirees would struggle to live without Social Security, as the majority of older adults rely on their benefits to make ends meet. Sixty percent of current retirees say they depend on Social Security as a major source of income, a 2024 poll from Gallup found, while an additional 28% say it’s a minor […]
Some Retirees Will Pay More for Medicare in 2024. Here’s How to Know if You’re One of Them.
Millions of older Americans rely on Medicare for healthcare coverage in retirement. But unfortunately, the cost of Medicare is by no means set in stone. Each year, Medicare costs have the potential to rise, and 2025 will be no exception. Here’s what retirees are in for. Image source: Getty Images. Part B is going up […]
Some Workers Will Pay Up to $930 More in Social Security Taxes in 2025. Here’s Why You Shouldn’t Worry.
Social Security beneficiaries will get a 2.5% cost-of-living adjustment (COLA) in January, raising the average monthly check from $1.927 per month to $1,976. But that’s not the only change coming in 2025. Social Security increases several other numbers annually, based on inflation data, and they don’t just affect retirees. Workers may notice some changes next […]
Are the Fed’s Rate Cuts Over Now That Inflation Is Rising Again?
Image source: The Motley Fool/Upsplash Inflation wreaked havoc on Americans’ finances for much of 2022 and 2023. But thankfully, things have been better this year, with annual inflation rising at a much slower pace. Since annual inflation had been steadily creeping downward toward the 2% mark, which is the Federal Reserve’s ideal inflation target, the […]
What the Latest Fed Rate Cut Means for Mortgage Interest Rates
Image source: Getty Images When the Federal Reserve lowered its benchmark interest rate by half a percentage point in September, it wasn’t a particularly surprising move. At that point, the Fed was expected to make its first rate cut of the year in response to cooling inflation. The fact that the Fed then lowered its […]
Here’s What Happens When You Cancel Your Costco Membership After 364 Days
Image source: Getty Images If you’re not used to spending money just to enter a store, then you may not love the idea of paying for access to Costco. A basic membership will cost you $65 a year following a recent fee hike, while an Executive membership that gives you 2% cash back on your […]
3 Reasons Retirees Should Not Enroll in Medicare Advantage for 2025
At this point, there are only a few weeks left before Medicare’s fall open enrollment period comes to an end. If you haven’t put your coverage in place for 2025, now’s the time to get moving. During open enrollment, you can switch from your current Medicare Advantage plan to a new one. Or you can […]
Have $100,000? Here Are 3 Ways to Grow That Money Into $1 Million for Retirement Savings.
Hitting that first $100,000 is a remarkable milestone — and it’s probably the toughest. But once you reach it, the heavy lifting eases up as your money starts working for you. If you’re ready to take your portfolio to the million-dollar mark and let the power of compounding work in your favor, here are a […]
