West Virginia has been named as the cheapest state for retirement for the second year in a row. That is according to an annual retirement report from Bankrate. The report ranks each state according to affordability, healthcare quality, weather and the well-being of its residents. The small state of West Virginia, situated in the tree-covered […]
A Social Security payment worth $1,918 on average goes out in days. Some retirees will cash a new check or get a new direct deposit from the Administration shortly. Do not forget that you must meet all the conditions to qualify. For example, the birthday requirement will be essential. If your birthday is from the 11th to the 20th, you will receive a […]
You might feel rich or poor, but most Americans fall within the mainstream. Certain money-related behaviors and characteristics apply to the majority. The financial middle class remains the country’s backbone. Many of the financial aspirations and tendencies of this broad group haven’t changed much in recent decades and possibly won’t. You might even call them […]
Yanely Espinal was teaching a workshop on financial education this summer when a member of the building’s cleaning staff came up to her. “I wanted to talk to you,” he said. “When I first got my job, the [company] offered me a retirement plan. But my cousin told me it was a scam, so I […]
There’s no question that today’s high-rate landscape has paid off in spades for many savers. After all, many high-yield savings accounts and certificates of deposit (CDs) have offered extremely attractive rates over the last few years, making it easy to maximize the returns on your money. But if you’ve been sitting on the sidelines, watching […]
Auto insurance has been skyrocketing across the country, and California drivers need to brace for an even bigger jump by the end of the year, according to an online insurance broker. Insurify, which offers auto, home and other insurance products online, has released a study that finds the average automobile insurance rate nationwide has increased 15% in the […]
National Public Data, which aggregates data to provide background checks, has confirmed it suffered a massive data breach involving Social Security numbers and other personal data on millions of Americans. The Coral Springs, Florida company posted on its website a notice that “there appears to a have been a data security incident that may have […]
While there’s never a bad time to have money in the bank, it’s particularly great these days. The Federal Reserve raised its benchmark interest rate 11 times between 2022 and 2023, and while cuts are forthcoming, we haven’t seen that happen yet. So if you’ve got cash in a high-yield savings account, you’re sitting pretty and […]
Stock Markets All major indexes are significantly up for the week. The Dow Jones Industrial Average gained 2.94% while the Total Stock Maret advanced by 3.86%. The broad-based S&P 500 Index surged by 3.93% and the technology-heavy Nasdaq Stock Market Composite shot up by 5.29%. The NYSE Composite Index climbed by 2.66%. The investor risk […]
A Social Security payment worth $1,918on average goes out in 5 days. Some retirees will cash a new check or get a new direct deposit from the Administration shortly. Do not forget that you must meet all the conditions to qualify. For example, the birthday requirement will be essential. If your birthday is from the 11th to the 20th, […]
As inflation continues to moderate, retirees are likely to see a smaller bump in their Social Security benefits in 2025. The latest estimate from The Senior Citizens League projects Social Security’s cost-of-living adjustment (COLA) will be 2.57% in 2025 — down from 3.2% this year. The lower COLA is due to easing inflation, which dropped […]
Three in 10 Americans are counting on Social Security benefits to support themselves through retirement, according to a new poll by NerdWallet, despite dwindling fund reserves that could mean cuts to their checks in the next decade. The Harris Poll ran a survey on behalf of the personal finance company among 2,096 U.S. adults between […]
