Millions of retirees depend on Social Security benefits to pay the bills. In fact, around one in five married couples depend on their monthly checks for at least 90% of their income in retirement, according to the Social Security Administration.
However, Social Security benefits...
CREDIT SCORES are a tool used by lenders and other establishments to help determine whether you qualify for a particular credit card, loan, mortgage or other personal finance service. But what affects your credit score?
Throughout your life, credit...
About half of all American credit card users will carry a balance continuously, or at some point during the year. The other half avoid interest by paying their balance in full every month. How does carrying a balance affect your credit score?...
For most of us, Social Security payments just aren't going to cut it in retirement. The average monthly check from the government agency is right around $1,500, which is a decent start, but it won't likely cover all of your expenses. With...
There’s a scene in many an old movie, often a romantic comedy from the 1940s or ’50s, where the wife arrives home laden with hatboxes and shopping bags from high-end boutiques and the husband jocularly winces at how much his spouse has...
Social Security Card
Most Americans know that one of the main attractions of the Social Security program is the payment of retirement benefits. However, there’s lots of confusion regarding how and when to claim Social Security benefits. Although it’s true that you may...
At the beginning of each year, like clockwork, personal finance pundits tell Americans how to make the most of their money. It’s usually a great time to capitalize on New Year’s resolutions by reinforcing the basics:
budget your expensespay...
There is one question on federal retirement application forms that seems very simple, but can cause difficulty if you’re not sure how to answer it correctly.
Here is the question as it appears on the Federal Employees Retirement System...
Employees of nonprofit organizations and state and local governments benefit from tax-advantaged retirement savings in 403(b) and 457(b) plans.
Many workers employed by government entities and nonprofits get either a 403(b) account or a 457(b) account, but in some...
Tax season can be a pain but submitting your return to the IRS as soon as you’re able may be extra important this year.
That’s because the coronavirus pandemic has led to changes in the tax code that will...
