1 Major 401(k) Contribution-Limit Change Coming in 2025
A Northwestern Mutual survey revealed that American adults believe they need about $1.46 million saved to retire comfortably. In reality, many people fall far short of that goal. According to Vanguard’s “How America Saves 2024” report, the average 401(k) savings for those over age 54 still falls short of $300,000. The IRS recently released the […]
Love to Travel? Don’t Miss These 4 Costco Deals
Image source: Upsplash/The Motley Fool If you like to travel the world like me, you understand how quickly travel costs can add up. I always look for great deals on flights, hotels, and other experiences. I also do what I can to save money when buying travel essentials for my adventures. One easy way busy […]
Here’s the Average Social Security Benefit for Retirees in all 50 States
Social Security is an important source of income for most retired Americans, but benefits vary greatly across the 50 states. For instance, the median-monthly payout for New Jersey residents exceeds the median-monthly payout for Mississippi residents by more than $420, and the annual discrepancy tops $5,100. However, the Social Security Administration (SSA) does not consider […]
Social Security Benefits Are Only Rising 2.5% in 2025, but Here’s Why That May Not Hurt Retirees
Millions of seniors today rely on Social Security to make ends meet. For some people, those monthly benefits are their primary source of income. Others have only those benefits to turn to for money in retirement, so it stands to reason that Social Security’s annual cost-of-living adjustments, or COLAs, are important to beneficiaries. The purpose […]
5 of the Items Costco Members Return the Most
Image source: Getty Images There are undoubtedly some things Costco could do better. For one thing, the online shopping experience isn’t the best. I’d also really like to use something other than a Visa credit card, even if there are some great rewards cards to use at Costco. But there’s one place that Costco objectively […]
Want the Max Social Security Benefit? Here’s How Much You’ll Need to Earn in 2025.
Social Security retirement benefits are something millions of Americans look forward to as they go through their careers. Sure, most people pay Social Security taxes for decades to fund their eventual payout, but there’s something about knowing you have somewhat of a financial safety net in retirement that’s a little comforting. Considering how important Social […]
4 of the Best Kohl’s Deals for November 2024
Image source: Getty Images November is the perfect month to finalize your holiday shopping. Checking every item off your list before the last few busy weeks of the year can help you reduce stress. Many popular retailers, including Kohl’s, have fantastic deals that can be a win for your wallet. Ready to tackle your holiday […]
Save Up to $25 on Family Fun With These Gift Card Deals From Costco
Image source: Getty Images Believe it or not, having a good time with your family doesn’t have to cost a fortune. If you’re feeling financial stress, you may seek ways to save money on family entertainment. Here’s an easy way: You can purchase discounted gift cards for popular retailers at Costco. By taking advantage of […]
It’s Official: The 2025 Roth IRA Contribution Limits Are Here
The suspense is finally over. On Nov. 1, the IRS released the 2025 contribution limits for retirement accounts, including Roth IRAs. Now is the perfect time to plan ahead and set yourself up to crush your Roth IRA goals in 2025 and beyond. Image source: Getty Images. 2025 Roth IRA contribution limits For 2025, the […]
1 in 5 Americans of Retirement Age Still Works. Should You Be Working, Too?
When an older relative of mine turned 65 last year, he threw a party to celebrate not just that milestone birthday, but what he thought was his permanent escape from the workforce. After a long career in financial services, he was burned out and ready to stop working for good. And since he was eligible […]
