New Year, New Rules: 5 Major Social Security Changes for 2025
Social Security will turn 90 years old in 2025, and a lot has changed during that time. Every year, the government makes adjustments to the program that help it take in greater tax revenue and increase benefits available to retirees, among other things. Next year is no different. There are five major changes coming your […]
Have $100,000? Here Are 7 Ways to Grow That Money Into $1 Million for Retirement Savings
Many of us have saved some money for retirement, but much less than we will need. If, for example, you’ve got $100,000, you might be aiming to have $1 million by retirement. That’s a decent goal, though many people might actually need more than a million-dollar nest egg — especially if retirement is a decade […]
401(k)s Will Do 2 Things They’ve Never Done Before in 2025, and They Could Be Just What Some Savers Need
A lot has changed since the 401(k) first came onto the scene in 1978. Contribution limits have risen significantly, adults 50 and older can now make catch-up contributions, and an increasing number of employers now offer Roth 401(k)s for employees who want to enjoy tax-free withdrawals in retirement. In 2025, there will be two new […]
Business Class vs. Economy: Tips to Make the Best Decision
Image source: Getty Images Have you ever been scrunched up in an economy-class seat, wondering why you didn’t look into the cost of business class? After all, you had to pass by those very comfy-looking business-class seats as you made your way toward the back of the plane. Although a business-class ticket typically costs three […]
Want a Better Credit Score in 2025? 5 Moves to Make
Image source: Getty Images A great credit score is one of the best gifts you can give yourself. You won’t have to worry whether you’re likely to be approved for a new credit card, auto loan, or even to finance a living room couch. You’ll also qualify for lower interest rates when you borrow — […]
2 Big Social Security Changes You Need to Know Before January 2025
Social Security has been a lifeline for millions of people for nearly nine decades and continues to evolve. In 2025, several big changes are on the horizon that you need to watch. Some of these updates could pad your wallet, while others might take a bigger bite out of your income. Whether you’re collecting benefits […]
Aiming for the Max Social Security Benefit? Here’s What You’ll Need to Do in 2025
Social Security plays a major role in millions of Americans’ retirement finances. After years of paying Social Security payroll taxes, it’s a nice financial safety net in retirement when income sources could be more limited than in your working years. Considering how important Social Security is for many, it makes sense that you’d want to […]
Retirees in These 9 States Risk Losing Out on Some of Their Social Security Benefits
The title of this article clued you in to some bad news: Some Americans may have to fork over a portion of their Social Security benefits due to taxation. There’s a lot of good news despite that, though. For one thing, obviously, most states these days do not tax Social Security benefits. Here’s a closer […]
Want to Buy a Home in 2025? 4 Crucial Moves to Make Now
Image source: Getty Images The housing market has become a bit like the Wild West these last few years. I bought a house this year, but during the two years before that I spent paying off debt and saving money, I watched mortgage rates almost double between spring 2022 and spring 2024. Are you set […]
Here Are the Maximum Possible Social Security Benefits at Ages 62, 67, and 70 in 2025
A good motto to follow heading into retirement is, “It’s always better to be overprepared than underprepared.” There are many other situations that this applies to, but it’s especially important regarding retirement finances because chances to earn money generally lessen in those years. That’s part of the beauty of Social Security, though. It provides a […]
