The most recent report from the Social Security Trustees was a mixed bag. On a positive note, the Trustees pushed back the date at which the program's trust funds are expected to run dry from 2034 to 2035, buying seniors one...
Adulthood, after a two-decade preamble, starts quickly.
You graduate college, find a job, rent an apartment, move in, buy furniture, start working, sign up for health insurance, open a bank account, apply for your first credit card and start saving for retirement.
That last bit, however, is tricky.
Millennials, especially younger ones...
Maybe you need extra money to pay down some debt. Or maybe you're hoping to take a sweet vacation that your regular paychecks alone can't cover.
There are plenty of good reasons for getting a side hustle, and these days, an estimated 44 million Americans have one. But side hustles...
For pretty much all of 2022, consumers grappled with rampant inflation. Many people, in fact, were forced to raid or even deplete their savings accounts just to cover basic expenses, like food and rent.
It's not surprising, then, to learn that consumers increased their spending in the course of the 2022 holiday...
It’s an expensive time to be renovating or building a new home, with construction costs growing at the fastest rate in 17 years.
But a bit of planning and flexibility can help keep your budget under control and your project on track.
National construction costs surged by 7.3 per cent last...
For millions of older Americans, Social Security benefits are a lifeline in retirement. Half of married couples depend on their benefits for at least 50% of their retirement income, and for nearly one-quarter of couples, Social Security makes up at least 90%...
In past recessions, many companies looking to cut costs and potentially avoid having to lay off workers suspended 401(k) matches.
In the most recent recession, Ascensus, a retirement plan administrator, said that 21% of employers that use its 401(k) services suspended their contributions from March to September 2020, The Wall...
There are a lot of gloomy headlines out there about how Americans are struggling financially. And while it’s true that many workers are not as prepared as they should be (only 28% of Americans are considered to be financially healthy, a report...
No one lives forever. So why, 18 years into retirement, have individuals generally spent only 20% of their nest egg? Why, if people want to conserve their assets, do nearly half of Americans take Social Security benefits at the earliest possible age...
The Social Security Administration (SSA) continues to send monthly checks for 2023 to retired workers. SSA also sends payments each month to recipients of Supplemental Security Income (SSI), as well as other disability and survivor benefits.
SSI recipients receive...
