If your savings fund balance isn’t currently where you want it to be, don’t be discouraged. Having any amount saved for an emergency, no matter how small, means you’ve already taken the most important step to protecting yourself from a financial setback. The next step is also important — maximize how much your money grows. […]
You could be entitled to more than you think from Social Security. Social Security is an integral source of income for millions of retirees. More than 40% of baby boomers expect their benefits to be their primary income source in retirement, according to a 2023 report from the Transamerica Center for Retirement Studies, so it’s […]
Many of us dream of retiring wealthy. But how much is enough to be considered wealthy? And if you’re not there yet, is it possible to still retire in the top percentile of Americans? To be considered wealthy at age 65 or older, you need a household net worth of $3.2 million, according to finance […]
If you want to live to be 100 years old, you’ll need to take care of more than just your physical health — you’ll also need to take care of your financial health. According to a survey by Corebridge Financial, 54% of Americans aspire to live to age 100. And the odds are increasingly in their favor. […]
Last year was the hottest year on record, causing many to seek the best central air solutions while suffering from the exceptional heat. While many people are becoming more conscious of their energy efficiency, the bad news is that last year’s heat wasn’t a fluke: it was the result of climate change caused by the […]
Between mass layoffs and talk of a potential recession, one thing remains certain: It’s never too late to start saving for the unexpected. Inflation has stuck around, with the Consumer Price Index rising 3.4% in 2023 according to data from the Bureau of Labor Statistics (BLS). The rising cost of goods means paying more for the same and can take a bite […]
Looking for a high-yield savings account? According to Motley Fool’s The Ascent, your best option right now might be SoFi, an online bank founded by Stanford business students. In The Ascent’s May report on high-yield savings, SoFi offers annual interest rates up to 4.6%. WalletHub’s top pick is My Banking Direct, an online subsidiary of […]
A benefit that not all United States citizens are aware of can grant up to $943 to eligible Social Security beneficiaries. And there are only two requirements we must meet if we want to obtain this extra payment. Likewise, it is also worth noting that many Americans who are eligible to get this benefit do not apply for […]
If you have a Social Security benefit and have not yet gotten it in May, the United States Government may be sending it to you very soon. The day of benefit collection is different for each retiree, as it depends on several factors. Considering that there are four different groups of retirees in total, we […]
The climbing age of the world’s population is putting increasing pressure on governments—especially those in Western countries, where the increases are more evident—to update their pension systems to match the demographic change. Countries like France have sought to ease the funding burden by raising the retirement age, despite sparking huge backlashes from voters. When the […]
Having a clear idea about the collection day of the monthly Social Security check in the United States is very important for Americans. In addition, it is also important to be fully aware of all the checks the Administration sends out each month. The more information we have about all the types of payments the Social […]
Social Security income is protected from inflation by annual cost-of-living adjustments (COLAs). Benefits got an 8.7% COLA last year and a 3.2% COLA this year, both above the 10-year average of 2.3%. But many Social Security beneficiaries are still feeling financial pressure in the current economic environment. The 2024 Retirement Confidence Survey (RCS) conducted by […]
