Do I have enough money to retire? 3 questions to ask yourself

Do I have enough money to retire? 3 questions to ask yourself

Panama is one of the most affordable places to retire abroad. Helovi | E+ | Getty Images Today’s investors face one looming question: Will I have enough money when I retire? Surveys... Read more »
How 2024 presidential race may influence Social Security

How 2024 presidential race may influence Social Security

Former President Donald Trump and Vice President Kamala Harris are shown on screen during a debate watch party at the Cameo Art House Theatre in Fayetteville, North Carolina, Sept. 10, 2024. Allison... Read more »
Maximum Social Security retirement benefit: Here’s who qualifies

Maximum Social Security retirement benefit: Here’s who qualifies

Twenty47studio | Moment | Getty Images Millions of Social Security beneficiaries will benefit from the 2.5% cost-of-living adjustment for 2025, set to take effect in January. With that increase, the maximum Social... Read more »
Here’s why the Social Security COLA is smaller for 2025

Here’s why the Social Security COLA is smaller for 2025

Lordhenrivoton | E+ | Getty Images The Social Security Administration on Thursday announced that the cost-of-living adjustment will be 2.5% in 2025. When that increase goes into effect, it will be the... Read more »
How to avoid being a victim of post-storm scams

How to avoid being a victim of post-storm scams

A van flows in floodwaters in the aftermath of Hurricane Helene on Sept. 28 in Asheville, North Carolina. Sean Rayford | Getty Images News | Getty Images States affected by Hurricane Helene... Read more »
Social Security death benefit has been 5 since 1954. That may change

Social Security death benefit has been $255 since 1954. That may change

Skynesher | E+ | Getty Images When a Social Security beneficiary dies, their loved ones may qualify for a one-time $255 lump-sum death payment. Yet that amount has not changed in 70... Read more »
Cash savers still have an opportunity to beat inflation. Here’s how

Cash savers still have an opportunity to beat inflation. Here’s how

Riska | E+ | Getty Images It may be a while longer before the Federal Reserve lowers interest rates, experts now say. That means savers can still earn the best returns on... Read more »
Turning 65? What to know when planning for Medicare, Social Security

Turning 65? What to know when planning for Medicare, Social Security

A “silver tsunami” — with a record number of Americans expected to turn age 65 — is here. Americans who reach that milestone age face high-stakes financial decisions. Two of the most... Read more »
Fed must cut rates more aggressively due to jobs: Canaccord Tony Dwyer

Fed must cut rates more aggressively due to jobs: Canaccord Tony Dwyer

The Federal Reserve may have new incentives in the second quarter to cut rates deeper this year. Canaccord Genuity’s Tony Dwyer thinks a deteriorating jobs market and easing inflation will ultimately push... Read more »
Why consumers might be getting less for their money

Why consumers might be getting less for their money

Pixelseffect | E+ | Getty Images Some grocery store products are providing less for your money. And everyone from President Joe Biden to Cookie Monster has noticed. Blame shrinkflation. The term —... Read more »
Why Social Security cost-of-living adjustment may be smaller in 2025

Why Social Security cost-of-living adjustment may be smaller in 2025

Peopleimages | Istock | Getty Images High inflation has prompted higher Social Security cost-of-living adjustments. But as the rate of price growth subsides, the annual increases for Social Security may fall in... Read more »
Millionaires reach limit for Social Security payroll taxes for 2024

Millionaires reach limit for Social Security payroll taxes for 2024

Ezra Bailey | Getty Images Most Americans can expect to pay Social Security payroll taxes throughout 2024. But for top earners with gross annual wage income of $1 million, March 2 marks... Read more »
41% of near retirees failed it

41% of near retirees failed it

Eclipse_images | E+ | Getty Images Many near retirees expect Social Security to be their largest source of income when they stop working. Yet, those who are on the brink of their... Read more »
Raising your credit score can help you save  per month: report

Raising your credit score can help you save $92 per month: report

With consumer prices still rising due to higher inflation, there is one way to save money that you may be overlooking: raising your credit score. Increasing your score from fair (580 to... Read more »
Biden calls shrinkflation a ‘rip off.’ How to spot downsized products

Biden calls shrinkflation a ‘rip off.’ How to spot downsized products

Anna Bizon | Gallo Images Roots Rf Collection | Getty Images President Joe Biden took to social media ahead of the Super Bowl on Sunday to take a jab at snack companies... Read more »
Betting on the Super Bowl? Be sure to report your wins to the IRS

Betting on the Super Bowl? Be sure to report your wins to the IRS

Travis Kelce of the Kansas City Chiefs, left, and George Kittle of the San Francisco 49ers stand on stage during the NFL’s Super Bowl Opening Night show at Allegiant Stadium in Las... Read more »
Laid off? Here’s how to find new work faster

Laid off? Here’s how to find new work faster

Skynesher | E+ | Getty Images New government data shows a surprisingly strong job market for the month of January. But there are signs of weakness in the labor market, based on... Read more »
Improving earned income tax credit is a ‘no brainer’

Improving earned income tax credit is a ‘no brainer’

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the UK Global Investment Summit at Hampton Court Palace in London, UK, on Monday, Nov. 27, 2023.  Chris Ratcliffe | Bloomberg... Read more »
Many Americans cannot pay for an unexpected ,000 expense. Here’s why

Many Americans cannot pay for an unexpected $1,000 expense. Here’s why

Brand X Pictures | Stockbyte | Getty Images When faced with an unexpected $1,000 expense, more than one-third of Americans would borrow the money, according to a new Bankrate survey. That may... Read more »