5 Perks of Buying Christmas Decorations at Costco
Image source: Upsplash/The Motley Fool With the holiday season fast approaching, and decorations already flying off the shelves at other retailers, it’s time to start thinking about Christmas. I know, I know, we’ve not even had our turkey dinners yet, but that doesn’t really matter much these days. If you wait too much longer, the […]
Here’s What Happens to Your Credit Score When You Apply for a New Credit Card
Image source: Getty Images What will happen to your credit score if you open a new credit card today? The short answer is that you’re likely to see a minor drop in your credit score when you apply for and open a new credit card. According to several reports, opening a new credit card can […]
3 Tried-and-True Ways to Get Out of Credit Card Debt
Image source: The Motley Fool/Upsplash Americans are having a tough time with credit cards right now. The average annual percentage rate (APR) for credit cards is 21.7%. At the same time, more than half of consumers use cards to make ends meet. The combination of increasing reliance on credit cards and high interest rates pushed […]
401(k) Contribution Limits Are Going Up in 2025
This is a big month for retirement savers. On Nov. 1, the IRS announced cost-of-living adjustments for 401(k) plans, and the contribution limits are going up for 2025. If you’re planning ahead before 2025 rolls around, now’s the perfect time to set up a strategy. With these higher limits, you can crush your retirement savings […]
4 Reasons Not to Worry When Your Retirement Investments Take a Hit
Image source: Getty Images Worrying about the ups and downs of your investments is like worrying about summer turning to fall. Changes to the market are like changes to the seasons — they’re both natural. If you’re a worrier like I am, I’m sorry. But I also want to share with you these four reasons […]
4 Signs You Should Cancel Your Costco Membership Before the End of the Year
Image source: Getty Images There’s a reason so many loyal Costco customers renew their memberships year after year. Where else can you buy a whole rotisserie chicken for under $5, or fill up your car with the cheapest gas in town? But while a Costco membership has the potential to offer plenty of value, that […]
Social Security Benefits Get a 2.5% COLA in 2025. Here’s Exactly When to Expect Your Extra Money.
For much of the summer, there was a lot of speculation about 2025’s Social Security cost-of-living adjustment (COLA). Seniors on Social Security were hoping for a large raise to follow the 3.2% COLA that arrived at the start of 2024. But unfortunately, next year’s COLA won’t be quite as substantial. Because of cooling inflation, Social […]
2 Big 401(k) Changes Coming in 2025
On Nov. 1, the IRS rolled out some updates to retirement plans, including 401(k)s, that kick in next year. If you have access to a 401(k), now’s the time to roll up your sleeves and dive into the details to help you plan ahead. Here’s a look at two key 401(k) changes to keep on […]
Are You One of the 67 Million Americans Eligible for Medicare? Why You Should Review Your Benefits Before It’s Too Late.
When you sign up for Medicare, you get to customize your coverage to a degree by choosing your own Part D drug plan. You might also decide to sign up for a Medicare Advantage plan to take the place of original Medicare. And if so, that Advantage plan will generally offer coverage for prescriptions as […]
Here’s the Average Social Security Benefit at Ages 62, 65, and 70
For an overwhelming majority of retirees, Social Security provides more than just a check. America’s top retirement program represents the financial foundation that helps those who can no longer provide for themselves to make ends meet. Over the last 23 years, Gallup has conducted annual surveys to gauge the reliance of retirees on the Social […]
