Planning for retirement can be stressful, and compounding economic factors can worsen the apprehension. Even if you’ve consistently saved for an extended period, the viability of social security in the long term and the weakening of the dollar can make your future unpredictable. Market fluctuations, long-term care costs, and survival of social security insurance are […]
United States Social Security Group 3 retirees may get one of the new checks that will be sent in the next few days. This group of citizens will have the possibility of getting a check whose amount depends directly on their work history. Likewise, citizens with a Disability benefit can also get this monthly payment. Any beneficiary in […]
Social Security is hurtling towards insolvency and addressing this issue will be crucial in the years to come. Its combined trust fund is expected to run out of money in 2035, so benefits will be cut automatically if Congress doesn’t act. Proposals have included tax hikes, cutting benefits for high earners, raising the retirement age, […]
Our company-wide investigation in partnership with KFF Health News into Social Security overpayments and efforts by the government to demand the money back from beneficiaries is leading to new action on Capitol Hill. For nearly a year, we’ve told you how millions of people around the country are being told they owe the government money […]
The final bank holiday of the summer is tantalisingly close for most of the UK, and along with it, another opportunity to spend a few hours on the financial jobs that can have a huge impact on your bank balance. You’re not going to want to spend the entire day knee-deep in paperwork, so here […]
It’s an old fashioned budgeting method that’s gaining new popularity on TikTok. “Cash Stuffing” or the “Envelope System” has been around for years. Now, a younger generation is embracing it because it’s easy and effective, according to money experts. “It’s a simple process,” said Jeff Massey of Massey & Associates. “Put an envelope for each […]
Americans will see a $500 monthly cut to their Social Security payments by 2033 if nothing changes in the system’s financial condition. Analysts have long been predicting that the Social Security system will become insolvent by the mid-2030s. This means that the social safety net program would be forced to start sending out significantly lower […]
Savings is a vital tool to provide a household with a great deal more security than it would have otherwise. Without a healthy savings account, you can be pressured into doing work that you’re not super thrilled about, or having to accept positions that aren’t really ideal for you because they happen to pay better […]
The back-to-school shopping season is in full swing, with the hefty bills to prove it. Nearly one-third — 31% — of back-to-school shoppers said that buying supplies for the new year will put them into debt, according to a new report by Bankrate, which polled more than 2,300 adults in July. A separate report by […]
These are the four most important things for retirees to understand about Social Security. You could be reading for a very long time if I attempted to address everything retirees need to know about Social Security. Or, more likely, you’d throw in the towel and go do something else. But I won’t try to cover […]
The IRS has provided long-awaited guidance for 401(k) and 403(b) plans on how to treat workers’ student loan payments like retirement plan deferrals when employers choose to offer matching contributions. The agency’s new interim guidelines (2024-63) released on Monday instruct plans on how and when to offer matching funds for participants repaying student loan debt, […]
Social Security is responsible for providing four rounds of payments to qualified retired workers in the United States. Without these Social Security check payments, millions of retired Americans won’t be able to cover their essential needs, such as housing, food, healthcare, and entertainment, as well as keep pace with rising inflation. According to the Social Security […]
