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 […]
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 […]
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 […]
If you’ve opted into your employer’s Roth 401(k) after-tax matching contributions this year, it could trigger a tax surprise without proper planning, experts say. Enacted in 2022, Secure 2.0 ushered in sweeping changes for retirement savers, including the option for employers to offer 401(k) matches in Roth accounts. These accounts are after-tax, meaning employees pay […]
David Kirsch is hoping he can retire at 70. He’s 64 years old, and his dream is to buy a gently used sailboat, sell most of his belongings, and spend his golden years traveling around the Caribbean and South America. But Kirsch — a resident of Hill, New Hampshire — feels like his sailboat is drifting further […]
$1.05 trillion in credit card debt. $245 billion in personal loan debt. These are just a couple of figures showing how much debt U.S. consumers were carrying as of the final quarter of 2023, according to TransUnion. Now in reality, it’s possible to land in debt despite being financially savvy. But a big reason some consumers end up […]
The timing of each month’s Social Security payments lets United States citizens know when they get their benefits. And the usual is to get a retirement check and, at most, an extra Supplemental Security Income payment. However, sometimes we encounter certain irregularities that cause us to see as many as three different checks from the Social Security […]
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 […]
Norfolk Southern-invested unions and pension funds should back activist Ancora’s full seven-director slate at the railroad’s shareholder meeting later this month, two different Institutional Shareholder Services proxy advisory services said. ISS’ Taft-Hartley Advisory Services and Social Advisory Services, which focus their recommendations on regulated unions and socially responsible investors, respectively said in their reports, which […]
