Its Official: The New COLA For Social Security Benefits Has Been Revealed
The Social Security Administration announced today the cost-of-living adjustment for 2025. In the end, next year's COLA is what the experts predicted.
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Scam Warning: Never Fall For These Door-To-Door Sales Scam Tactics
Selling door to door is far less common today. If someone does knock on your door, here's how to tell if it's a legitimate offer or an old-school scam.
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Expect An Above-Average COLA If Your Social Security Check Beats This Number
While the COLA rate is the same for everyone (e.g., 3.2% in 2024), how it changes the amount of a Social Security check is different for every beneficiary.
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How Scammers Are Targeting The Country's Most Vulnerable
The Pew Research Center reports 12.5% of the population uses SNAP benefits (as of April 2023). Unfortunately, scammers are now targeting recipients.
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How A Social Security Do-Over Could Mean A 24% Boost For Your Checks
According to the National Institute on Retirement Security, 40.2% of Americans only receive income from Social Security in retirement.
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Can You Use A 529 Plan To Pay Off Your Student Loans?
A number of things changed for 529 plans in 2019 with the SECURE Act, and then again in 2022 with the SECURE Act 2.0. One of these concerned student loan debt.
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12 Things Frugal People Will Always Refuse To Buy
Frugal travelers are always keen to save rather than spend, particularly when it comes to wasteful purchases like paper towels or bottled water.
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Your Retirement Lifestyle Ultimately May Determine Your Retirement Success
When planning for retirement, understanding how much you'll need to fund your retirement lifestyle is a major consideration not everyone accounts for.
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Reaching This Savings Milestone Is More Significant Than You Realize
According to the Federal Reserve, the median savings for U.S. households is $8,000. While not quite $8K, reaching this milestone is a significant one.
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The Average Person's Net Worth In Their 50s
Everyone's different but looking at the average net worth of people in your age group can give you a new perspective on where you are in your savings.
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How Some Americans Qualify For $500 A Month With No Obligation
Across the U.S., pilot programs for guaranteed basic income are being tested, with one program in particular, in LA County, seeing positive momentum.
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What Is A Pawnshop Loan? (And Why They're So Risky)
IBISWorld reports the number of pawnshops in the U.S. in 2023 declined 3.3% from 2022. That said, there are over 7,850 pawnshops in the country.
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You've Been Warned: Think Twice About Retiring Early, Says CFP
We spoke with CFP Lawrence Sprung about the pros and cons of retiring early. Full retirement age is now 66 or 67, depending on the year you were born.
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Is Social Security Going To Run Out? These Scenarios Are Concerning
Social Security insolvency doesn't mean there's no money left, only that beneficiaries may start to see a reduction in their benefits. Also, a delay.
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How To Talk To Your Kids About Money
We asked author David Delisle for tips on talking to kids about money matters, including what age is best to start and what exactly you should share.
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Restaurant Workers On How Changes In Tipping Culture Have Affected Them
According to a 2023 Pew Research Center survey, a net 92% of people tipped servers when dining out. This could help explain another survey's results.
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5 Reasons People Use Social Security Early (And 5 Reasons People Don't)
As full retirement age increases (67 for anyone born in 1960 or after), it also gets further away from the age people can start to draw benefits: 62.
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Popular Grocery Store Chain Raises Its Starting Pay To $23 An Hour
In March 2024, this discount grocer, the fastest-growing grocery chain in the country, announced it would be opening 800 more stores in the U.S. by 2028.
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You've Been Warned: Social Security May Be Monitoring Your Social Media
For those with disability claims, in addition to the SSA, insurance companies may also be looking into your social media, including any Venmo notes.
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What Does It Mean To Be A HENRY?
We've explained what it means to be a DINK (dual income, no kids); now we break down another acronym describing a person's financial situation/status.
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Do This In Early Retirement To Boost Your Savings
Depending on your birth year, full retirement age is 66 or 67. And data from the Pew Recent Center finds 19% of people 65 or older are still working today.
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Financial Coach Names The Worst Money Advice From TikTok
It's understandable people want in on financial opportunities, however, following the crowd on social media like TikTok can be a huge money mistake.
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States That Tax Social Security Benefits
Since 1984, Social Security income has been subject to federal tax. For taxpayers living in nine states, they also might pay state taxes on their benefits.
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Following This Simple Savings Rule Can Propel Your Net Worth To The Next Level
Building your net worth takes strategy. This strategy helps you chip away debt while saving for the future, using money you didn't (just) have.
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5 Brilliant And 5 Not-So-Brilliant Ways To Trick Yourself Into Saving Money
When saving money, little wins can go a long way in keeping you motivated. Unfortunately, less successful approaches can have the opposite effect, too.
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Kamala Harris Vs. Donald Trump On The Future Of Social Security
It's important to remember that changes to Social Security come from Congress. The last time the program underwent a major overhaul was 41 years ago.
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Why Warren Buffett Once Told His Daughter, 'Go To The Bank Like Everyone Else'
Warren Buffett has a very specific plan for how his wealth (nearly $144 billion) can do the most good. His three children will help him achieve it.
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