5 Surprising Benefits of Joining Costco You Didn’t Know About
Image source: Getty Images You probably know that a big reason to join Costco is to save money on things like groceries, cleaning supplies, and paper products. But if you don’t tend to do a lot of cooking, and you commonly buy your cleaning products from a competitor like Target at a fair price, then […]
The 401(k) Contribution Limits for 2025 Are Bigger Than Ever
If you’re looking to boost your retirement savings next year, the new 401(k) contribution limits can help make it easier. This month, the IRS announced 2025 inflation-adjusted limits for retirement accounts, and the 401(k) limits are higher than ever. If you’ve delayed making contributions in the past or only contributed minimally, you might want to […]
5 New Brands Are Coming to Kohl’s Stores
Image source: Getty Images Now that the holiday season is right around the corner, it’s time to start making your lists, checking them twice, and searching for deals on the products you want to scoop up this month. November is a great time to shop for holiday gifts, since retailers tend to run sales for […]
Starbucks Will No Longer Charge Extra for Non-Dairy Milk
Image source: Getty Images Do you have a dairy allergy or prefer to consume dairy-free alternatives? Depending on where you stop for coffee and specialty drinks, ordering a beverage with milk alternatives can be much more expensive. And every extra cent you pay impacts your checking account balance. Starbucks is one coffee chain that has […]
Coming Out of Retirement? 3 Hidden Costs You Might Encounter.
Retirement is a period of life many people look forward to. And some people save super aggressively to get there early. But frankly, retirement isn’t for everyone. A lot of people find themselves bored and unfulfilled once they’re no longer holding down a job. And so you may decide to go back to work after […]
3 Required Minimum Distribution (RMD) Mistakes Retirees Make All Too Often
Saving for retirement in a traditional IRA or 401(k) has its benefits. The fact that your contributions are tax-free could make them easier on you financially during the period when you’re trying to build up retirement wealth. But there’s a downside to saving in a traditional retirement plan. Not only will your withdrawal be taxed […]
Will Retirees on Social Security Do Better Financially in 2025 Once Their 2.5% COLA Takes Effect? Here’s What History Says
Last month, the Social Security Administration shared some news that millions of seniors have been waiting for — an official 2025 cost-of-living adjustment, or COLA. Benefits will be rising 2.5% at the start of the new year. And while that’s certainly not the smallest COLA seniors have ever gotten, it pales in comparison to recent […]
This Is the Average Social Security Benefit for Age 66
Social Security benefits can make retirement far more affordable, but the age at which you begin claiming will have a profound effect on the amount you receive. You can file for retirement benefits as early as age 62, but for every month you wait past that age, you’ll receive slightly larger payments. You’ll collect 100% […]
This Is the Average Social Security Benefit for Age 62
As you near retirement, one of the more important decisions you will make is when to claim Social Security benefits. It’s a decision that will affect how much you receive monthly, so you don’t want to just gloss over it, like people tend to do with terms and conditions. The earliest you can claim Social […]
Prepare Now: 3 Crucial Social Security Updates Effective January 2025
Social Security is one of the biggest topics of debate in politics these days. Without a substantial change to the program, the Social Security Administration will have to cut benefits for tens of millions of retirees. With just two months left in 2024, it’s unlikely Congress is capable of making any major overhauls to the […]
