Inflation has cooled down to its lowest level in three years, according to the latest Consumer Price Index numbers. Despite that, food prices and costs at the grocery store remain high. However, there are a few ways you can save a few bucks while grocery shopping. It might take a little extra time and planning […]
Every year, millions of Social Security recipients eagerly await October, as this is when they learn how much their benefits will increase. This change, known as the cost-of-living adjustment (COLA), is released by the Social Security Administration (SSA). The COLA determines how much Social Security payments are raised in response to inflation, with the goal of helping beneficiaries maintain their purchasing power amidst rising […]
Retirement is one thing. Making ends meet while you’re gainfully employed is another entirely. Just ask middle-class workers, who, according to a new report by the Transamerica Institute, have an annual household income between $50,000 and $199,999. Per the August 28 report, which was conducted by Harris Poll and Transamerica Center for Retirement Studies, just […]
Summer 2024 has certainly been hot. Although it’s not over yet, it’s time for you to start thinking about ways to cut your energy bill. With air conditioners practically running around the clock and the time to turn on the heater approaching fast, there’s a way you can save without sacrificing your comfort. Experts say […]
This trick lets you save tens of thousands more in your retirement accounts. High earners may have what’s known as a “quality problem.” The problem is that they earn so much that they’re able to save a lot of money, but the $23,000 contribution limit for a 401(k) and $7,000 limit for IRAs isn’t enough to meet their retirement […]
It’s a good time to have money in a savings account. Granted, it’s important to have savings at all times, because you never know when an emergency expense or situation might arise. But it’s so beneficial to have a loaded savings account right now because interest rates are still sitting at a high. Many banks — […]
Kathy Bates has announced her retirement, two weeks before her new show, Matlock, is to be released. Bates, 76, stars as “brilliant septuagenarian” lawyer Madeline “Matty” Matlock, in the reboot of the Eighties and Nineties original, which starred Andy Griffiths. Created by Charmed producer Jennie Snyder Urman, the show also stars Jason Ritter, Skye P […]
It’s a big day for anyone who’s receiving monthly benefits. Millions of seniors today collect monthly benefits from Social Security. And many people rely on those benefits to cover the majority — or all — of their retirement expenses. In recent years, living on Social Security alone has been particularly tough due to rampant inflation. […]
Molly Richardson, 35, regularly contributes to her 401(k) plan, but the structural engineer said she isn’t too worried about retirement yet. “It’s always something I felt like I could wait until I’m 50 to figure out,” she said. Like many other working adults, Richardson has more pressing expenses for now, she said, such as the […]
Growing your savings can be a challenge, especially if you face competing financial obligations. So if you’ve managed to save $10,000 — congratulations. The next step is putting that money to good use. Is $10,000 in savings good? Overall, $10,000 is a positive step toward financial security, but whether it’s “good” depends on your individual […]
These annual increases can help you keep up with inflation — but probably not as much as you think. “Inflation is when you pay $15 for the $10 haircut you used to get for $5 when you had hair.” — Former baseball player Sam Ewing That quotation is amusing — and it’s instructional, too, because […]
Rather than work until they retire permanently decades from now, a growing number of young adults in America are opting for “microretirements,” where they take extended breaks from work to relax or travel in the short term. As the Wall Street Journal reported on Tuesday, some workers in their 20s and 30s are deciding to […]
