For many retirees, the thought of returning to work sounds like a lifeline – an opportunity to shore up finances, keep up with inflation, or simply stay active and social. The Motley Fool surveyed retirees about the 2025 Social Security cost-of-living adjustment (COLA) and found 51% are considering reentering the workforce because their benefits aren’t cutting it. […]
More than half of U.S. consumers planned to make a financial resolution for 2025, according to a December poll by Discover Personal Loans. Even if you didn’t ring in the new year with some money goals in mind, it’s not too late to set some, experts say. In fact, now is a great time to […]
When it comes to Social Security, prospective beneficiaries often worry whether their benefits will be there when they retire. Polls show Americans generally have low confidence in the program’s future. A 2024 survey from Nationwide Retirement Institute found 72% of adults worry Social Security will run out of funding in their lifetime. Likewise, an October […]
Retirees, brace yourselves: The golden rule of retirement withdrawals just got a cold dose of reality. A new report from Morningstar recommends the safe withdrawal rate for retirees in 2025 is a mere 3.7% — a significant adjustment from the decades-old 4% rule that had dominated retirement planning. Amid rising costs, volatile markets and new […]
The start of a new year is a time of change. Many people switch jobs or healthcare coverage around now, and they may also be trying to navigate New Year’s resolutions they’ve set to improve their own lives. In the midst of all that, they also have to get used to changes the government makes […]
Saving for retirement will get a modest boost in 2025 thanks to higher contribution limits and the phase-in of provisions stemming from the Secure 2.0 Act, which became law at the end of 2023. For retirees, there are also changes for Social Security and Medicare worth noting. Here’s a roundup of some of the key […]
Look: If Uncle Sam overpaid you on Social Security and said little about it for a year, a month or even a week, it’s understandable if you’d want to take the money and run. But is it worth the risk, especially when he might be running after you with a wild look in his eagle […]
With high interest rates and persistent inflation, many consumers have to get creative to make finances work in this economy. And one creative budgeting method that’s taking off on social media combines nostalgia with Instagram-worthy aesthetics and a desire to get better at personal finance. Cash stuffing is a modern twist on how your grandmother […]
Some Social Security recipients may see an early payment this month and maybe even an early cost of living (COLA) increase starting in December instead of January. Social Security recipients typically receive Supplemental Security Income (SSI) on the first of each month. However, given that New Year’s Day is a holiday, instead of getting SSI […]
When it comes to financial resolutions, paying down debt is at the top of many to-do lists for 2025. But financial advisors who work with clients every day have their own wish lists for what they think should be top financial priorities for 2025. Here are some tips covering everything from budgeting to estate planning from experts […]
Americans have historically been averse to discussing financial matters among family members, but a recent study by Fidelity Investments found that attitudes toward taboo wealth topics are shifting. Fidelity’s State of Wealth Mobility study found that 56% of Americans didn’t discuss family finances with their parents when they were children. Of that group, 82% wish […]
WASHINGTON – As we enter a new year, so too comes another round of Social Security payments for beneficiaries. The Social Security Administration sends regular monthly payments (SSA benefits), but the date varies – generally depending on the day you were born. Social Security retirement, disability, and survivor (RSDI) beneficiaries who filed claims after May […]
