Stretching your budget might be easier than you think. Making a few small lifestyle adjustments can add up faster than you might realize. Kate Kaden, an influencer who shares tips on frugal living, budgeting and saving money on her YouTube channel has plenty of advice to offer. She recently shared the video “Six Practical Tips to Live Below […]
Many Americans are obsessed with discussing and planning their retirement. They sketch out future career paths, make elaborate financial and tax calculations, and decide on the optimal time to start taking Social Security—often undertaking these measures decades in advance. But you know what they say about the best laid plans—life, and retirement, often goes awry. The reality is that […]
With the end of 2024 around the corner, you might be reflecting on financial goals for 2025. Whether you’re saving to move out of your parents’ house or pay off student loan debt, financial resolutions can help you stay motivated, said Courtney Alev, consumer advocate for Credit Karma. “Entering a new year doesn’t erase all […]
Regardless of when you begin saving for retirement, the crucial question remains: how much will you actually need to save? Powell acknowledges that those in their thirties and forties may feel behind in their retirement savings. During this critical period, he recommends reviewing expenses and cutting back on discretionary spending to boost retirement contributions. “And […]
LOS ANGELES – If you were planning to retire next year, double check your math because a law passed in the ’80s is annually raising the age when Americans can collect their full Social Security benefits. And next year is no exception. In 1983, Congress passed a law that gradually increases the age at which […]
Saving in 401(k)s and IRAs is a smart way to put money aside for retirement. However, there are rules you need to know in order to take maximum advantage of these accounts. Moreover, as with most things in the world of finances, nothing is ever truly set in stone, and adjustments to key retirement accounts […]
Many Americans make New Year’s resolutions as the calendar winds down each year. And financial resolutions like paying down debt or saving more money are some of the most common goals people set year after year. Depending on how you define it, you may not be able to get rich in a single calendar year. But there are steps you can […]
A larger Social Security check could soon be coming to millions of Americans; the change is thanks to a bi-partisan act awaiting President Biden’s signature. “Whoa, this is really good news,” retired Toledo firefighter Daniel Desmond said after learning the Senate passed the legislation on Saturday. “I’m so glad that it’s right and fair, and […]
Retirement savers, take note: more employers have added a Roth savings option to their workplace 401(k) plans. And, due to a legislative change, it’s likely the remaining holdouts will soon offer it, too. About 93% of 401(k) plans offered a Roth account in 2023, according to an annual poll published in December by the Plan Sponsor Council of […]
Social Security has a big birthday coming up next year — it’s turning 90! It’s kept many millions of people out of poverty for decades and was recently supporting more than 71 million people with around $1.5 trillion in benefits for the year. Remember that these benefits aren’t government largesse, too — these folks paid […]
If you’re looking for attractive dividend-paying stocks, that’s a smart move. If you’re not, perhaps reconsider — because: Healthy and growing dividend-paying stocks tend to send you cash regularly, whether the market or economy is doing well or not. They tend to increase their payouts over time, too — often annually and often by enough to […]
DALLAS – Millions of retired public service workers will soon see increased Social Security benefits thanks to a last-minute vote in the Senate. The Social Security Fairness Act restores benefits to about 3 million former teachers, police and firefighters, and civil servants who also receive pension payments. The measure passed the House in November and […]
