When Social Security retirees receive their Cost-of-Living Adjustment (COLA) in 2025, they’ll experience something that no retiree has for a generation. Something unprecedented has occurred with the 2025 COLA which has not happened since 1997, and it’s not great news for seniors. Here’s what’s happening next year, along with some details about what this unusual […]
Some Social Security beneficiaries will receive an extra check next month based on what day the beginning of the month falls on in the coming months. Beneficiaries who qualify for Supplemental Security Income, or SSI, receive payments based on what day of the month their birthday is, and what day of the week their payments […]
Saving for retirement isn’t easy. If you’re one of the many Americans struggling to put money away for the future, the SECURE Act 2.0’s new retirement rules could make it easier for you to contribute to tax-advantaged plans. Approximately 28% of nonretired adults have no retirement savings, according to a 2023 Federal Reserve study. And even if […]
Being careless with your money isn’t always about spending in obvious ways. What it boils down to is this: people often get smarter and more experienced about certain buying behaviors, while being clueless about others. Here’s a partial list of purchases where spending carelessly is common. Failing to compare professionals Whether you have a financial […]
Listen and subscribe to Money Glow Up on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. Vivian Tu, the creator of Your Rich BFF, has learned a thing or two about saving money. In her years working on Wall Street and providing bite-sized financial advice on social media, Tu has collected a set […]
So much for American exceptionalism when it comes to retirement. The US earned just a C+ for its retirement system in the 16th annual Mercer CFA Institute Global Pension Index, coming in 29th out of 48 countries. Since the index’s inception in 2009, the US retirement system has never surpassed a C+. The big anchors […]
These three stocks not only generate copious amounts of free cash flow, but also have the potential to continue paying higher dividends over time. Every investor loves seeing dividends flow into their bank account. There are numerous companies that cut a check for investors every quarter, and these dividends act as a useful source of […]
The government is planning to increase the amount of money it raises in inheritance tax at the Budget, the BBC has learned. It is not known how many people are likely to end up paying more, nor how much more they would pay. It is understood the prime minister and the chancellor are considering multiple […]
So much for American exceptionalism when it comes to retirement. The US earned just a C+ for its retirement system in the 16th annual Mercer CFA Institute Global Pension Index, coming in 29th out of 48 countries. Since the index’s inception in 2009, the US retirement system has never surpassed a C+. The big anchors […]
The U.S. retirement system doesn’t get high marks relative to other nations. In fact, the U.S. got a C+ grade and ranked No. 29 out of 48 global pension systems in 2024, according to the annual Mercer CFA Institute Global Pension Index, released Tuesday. It analyzed both public and private sources of retirement funds, like […]
Morgan Stanley on Wednesday topped analysts’ estimates for third-quarter profit as each of its three main divisions generated more revenue than expected. Here’s what the company reported: Earnings:$1.88 a share vs $1.58 LSEG estimate Revenue: $15.38 billion vs. $14.41 billion estimate The bank said profit rose 32% to $3.2 billion, or $1.88 per share, and revenue jumped 16% to […]
Many retired workers are struggling with rising prices. Gallup reports that a record number of Americans cited inflation as a source of financial hardship in 2024, and a recent survey from the Employee Benefit Research Institute found that over half of retirees worry they will need to make substantial spending cuts to keep up with […]
