After a volatile month for the stock market, many retirees are eager to find ways to protect their nest egg from future dips. Despite the stock market rally on Monday, there’s lingering uncertainty as investors digest tariffs and other economic policy from President Donald Trump. There was little market change by mid-afternoon Tuesday. No one […]
Category: Personal Finance
Expert tips for spring cleaning your finances
CEDAR RAPIDS, Iowa (KCRG) – Spring is here, and many are thinking about cleaning their homes, but what about cleaning your finances? Experts say now is the perfect time to get your financial house in order. TV9 spoke with Elyse De Corah, a financial advisor at Cetera Advisor Networks and Guide Wealth Partners in Cedar […]
50% of parents financially support adult children, report finds. Here’s how much it costs them
To get by these days, more young adults turn to a likely source for help: their parents. For the first time, 50% of parents with a child older than 18 provide them with at least some financial support, according to a new report by Savings.com. That’s up from 47% last year and 45% in 2023. […]
Most Americans mentally spend their paycheck before they get it: How to avoid paycheck stress
It’s not so uncommon for Americans to live paycheck to paycheck — meaning, to not have savings to fall back on between pay periods. But a new survey conducted by Talker Research on behalf of EarnIn found that the average American has already mentally spent more than half of their paycheck before it lands in […]
Four practical personal finance tips for families ahead of the spring statement
Following the autumn Budget in October, chancellor Rachel Reeves will be delivering a fresh spring statement on Wednesday 26 March. While it is not known exactly what will be covered in the spring Budget, Reeves is expected to announce an income tax freeze, an update on the controversial employer national insurance contribution changes, and details […]
Social Security confirms minimum requirements to obtain a pension in April 2025: do you meet them all?
It is possible to obtain a new Social Security retirement check if you reside in the United States, but it is also true that in order to start receiving one of these benefits, you must meet certain requirements. If you do not meet the minimum requirements, you will not be able to receive this monthly […]
President Trump’s Biggest Social Security Proposal Could Be Bad News for Retirees
A small short-term benefit could end up costing much more in the long run. One of the biggest voting issues for seniors in last year’s U.S. Presidential election was Social Security. There’s good reason for that. The government program is essential to the budgets of millions of Americans. Roughly half of people age 65 or […]
Millions of Americans Will Get a Social Security Pay Bump in April: Are You One of Them?
Millions of Americans rely on Social Security for their monthly income, and some recipients may be getting a pay bump starting in April 2025. The Social Security Fairness Act (Act) was passed on January 5, 2025, and includes an increase in income for certain individuals, including some teachers, firefighters, and police officers, and federal workers. […]
Rich people live by these 5 rules, self-made millionaire says: ‘It’s not just about cost’
There’s no single path rich people follow to obtain their wealth. Some are born with generational wealth that gives them a head start, while others work their way up through grit, determination and well-timed career decisions. Luck may also be a factor. But there are a few common habits among wealthy people, self-made millionaire, author and TV host Ramit Sethi wrote in a […]
Some retirees will see bump in Social Security benefits starting next month
Retirement just got a little boost for many public sector retirees and their spouses. By the end of this month, more than 3 million Social Security recipients affected by the Social Security Fairness Act that President Biden signed into law in January will see a bump in their benefits. This law increases monthly Social Security […]
Chicago School Board Delays Votes on Pension Payment to City
The Chicago Board of Education delayed a decision on whether to pay $175 million to the city for pension costs, funds that Mayor Brandon Johnson has counted on to balance his 2024 budget. The board withdrew a proposed amendment to its own budget for the year, which runs through June, to authorize an additional $139 […]
Why some retirees will see a Social Security benefits increase starting next month
Some people on Social Security will see their payments increase next month, according to the Social Security Administration. The Social Security Fairness Act, signed into law by then-President Joe Biden on Jan. 5, 2025, ended two provisions that prevented some Social Security benefits. With those provisions gone, some civil servants will see their benefits increase. […]