Personal finances are top of mind for many households as they get set to ring in the new year. About 38% of Americans ranked financial stability as their No. 1 focus area for 2025, according to a recent Allianz Life survey. CNBC reached out to certified financial planners on its Financial Advisor Council to list their top resolutions […]
Some Social Security recipients will see a payment schedule change for the end of 2024 and the start of 2025. Recipients of Supplemental Security Income, or SSI, typically receive their payments on the first of each month. However, because Jan. 1 is New Year’s Day and a holiday, the payments will be made on Dec. […]
A recent Bankrate survey revealed that 57% of Americans feel behind on their retirement savings. For those looking to enhance their current strategies—or those just starting out—Gloria Garcia Cisneros, a wealth manager at LourdMurray, offers a foundational guide to retirement and investing. According to Cisneros, there are two primary types of accounts to consider: investment accounts and retirement […]
For many Americans, retirement planning often feels unrealistic. Instead of focusing on the future, many are consumed by what Chris Ceder, a senior retirement strategist with Goldman Sachs Asset Management, refers to as the “financial vortex” — the relentless day-to-day money issues that overshadow long-term planning. “With competing priorities, it’s very difficult to save as much […]
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 […]
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 […]
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 […]
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 […]
Social Security’s 2025 cost-of-living adjustment (COLA) bumped the average benefit from $1,927 per month to $1,976 per month. It’s a $49 increase, but many hoped for more. Despite slowing inflation, some retirees still find it difficult to make ends meet, particularly when they don’t have a lot of personal savings. A new bill headed for […]
A fourth consecutive year of an above-average cost-of-living adjustment (COLA) is set to lift Social Security benefits in the new year. For most retirees, Social Security is an indispensable source of income. In each of the last 23 years, Gallup has polled retirees to gauge their reliance on this crucial social program. Consistently, 80% to […]
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 […]
The economy enters 2025 in reasonably good shape, with a low unemployment rate, modest inflation, a trend toward declining interest rates and strong corporate profit growth that has been giving the stock market a lift. It’s thus not a bad backdrop for getting a fresh start on improving your finances. Here are some trends, issues […]
