Most Social Security recipients receive one check each month, but a quirk of the calendar means some older Americans didn’t get a check at the start of December. On top of that, some beneficiaries may see their annual cost-of-living adjustment kick in this month, earlier than the typical starting month of January. While the Social […]
SYDNEY (Reuters) – Australian telecom major Telstra (OTC:TLGPY)’s pension fund arm TelstraSuper will merge with bigger peer Equip Super creating a combined fund that would manage around A$60 billion ($38.8 billion), the funds said in a joint statement on Tuesday. The binding agreement follows the signing of a non-binding memorandum of understanding in September to […]
Tax-deferred retirement accounts like traditional IRAs and 401(k) plans let investors reduce their tax burden in a given year by deducting contributions from their gross income. But the tax payments cannot be postponed indefinitely. Individuals with tax-deferred accounts must take required minimum distributions (RMDs) once they reach a certain age. Read on to learn three […]
New research from the Transamerica Center for Retirement Studies reveals that many Americans retire far earlier than anticipated often due to unforeseen circumstances rather than personal choice. This unexpected early retirement can have significant financial implications, as individuals may not have fully planned or saved for the transition. Understanding the factors that lead to this early retirement […]
WARREN COUNTY, Ky. – The temperatures are sure dipping down, and saving money can be a challenge this time of year. Warren Rural Electric Cooperative Corporation shared some tips on how you can stay warm during the cold weather while saving some money for Christmas. One trick mentioned was to turn a ceiling fan to […]
Deciding when to claim Social Security benefits is one of the most important financial decisions you’ll make ahead of retirement. You can claim benefits as early as age 62, but you’re almost always better off waiting until full retirement age or later because you’ll get a bigger monthly check throughout your retirement. No matter which […]
Something happened, and you need money. Urgently. You look at your savings account. Tumbleweeds roll across the place your emergency fund should occupy. Meanwhile, your credit card beckons with its generous limit. What do you do? If you reach for your credit card, you’re not alone. When faced with unexpected expenses of $1,000 or more, […]
A little thought and planning can go a long way, overcoming what Social Security isn’t likely to do for you. It’s official: Social Security’s cost-of-living adjustment (COLA) for 2025 has been announced. Come January, current beneficiaries will be receiving 2.5% more than they’re getting now, mirroring 2024’s overall inflation rate. Somehow it doesn’t seem like […]
Buying a home is a major life decision, and most people spend years planning for the process. The hardest parts are typically saving for a down payment and choosing the right size and location to fit your budget. Personal finance expert Dave Ramsey shares some key tips and blunt words on preparing for success in […]
It’s been a rough few years for retirees — well, if you ask them anyway. Less than half — 48% — of retired Americans between the ages of 62 and 75 report being very satisfied with life in retirement, down from 62% in 2020 and 53% in 2022, according to recent data from the Employee Benefits Research Institute. […]
The majority of Americans say that they expect to rely on Social Security benefits once they retire, but that they are afraid benefits won’t be there for them, according to a new survey. 53% of people expect to look to Social Security benefits to pay their everyday expenses in retirement, while 73% fear benefits won’t […]
Something happened, and you need money. Urgently. You look at your savings account. Tumbleweeds roll across the place your emergency fund should occupy. Meanwhile, your credit card beckons with its generous limit. What do you do? If you reach for your credit card, you’re not alone. When faced with unexpected expenses of $1,000 or more, […]
