Personal Finance

Americans are getting the new Social Security payment The US Social Security Administration (SSA) announced a change in the amount of payments for retirees and disability beneficiaries starting in June 2024. This adjustment, expected by many, comes as a result of the COLA (Cost of Living Adjustment) increase that was…

Many Americans might be unaware, but 2025 could bring a major uptick in Social Security taxes.Millions are likely to see the tax increase as the maximum taxable earnings limit is set to change in mid-October for the year 2025. Social Security updates the limit based on the average wage index, and the Social Security Board of Trustees has…

Welcome back to Uncomfortable Conversations About Money, a new series where we will tackle topics or situations around money that make you uneasy. We'll outline the problem and try to get you some usable solutions.   The dilemma: A wife with a habit of buying – and hiding – expensive shoes from her husband. A husband with a secret online…

In the next July 12th you could get a new Social Security payment June 12th will be a very important day for thousands of United States Social Security beneficiaries. On this day, the Administration will pay new retirement checks to a large number of Americans. If we keep this in mind, we may be able to get our benefit, but…

If you want to retire in comfort, investment firms and news headlines tell us, you may need $1 million in the bank.Or maybe not. One prominent economist says you can retire for a lot less: $50,000 to $100,000 in total savings. He points to the experiences of actual retirees as evidence.“You Don’t Need to Be a Millionaire to Retire,” says the…

The presidential election officially is decided by the states through the Electoral College. But to fully understand the race’s dynamics, it also helps to look one level down – at counties.That’s what U.S. News has done through a series examining 15 battleground counties that could prove key in this year’s race for the White House.Eleven of the…

"It took a lot of psychological reflecting to get to a place where I wasn't feeling guilty about spending money," he tells CNBC Make It. "I didn't have money growing up, and that created a scarcity mentality. It took some time to realize that we had money saved and money coming in and to feel comfortable saying, 'Hey, we're OK.'"Jonathan and…

Your new Social Security check will be bigger if you meet the requirements If you are waiting to get the new Social Security checks, you should know that the 12th day will be the mailing day for all eligible beneficiaries in the United States. Having this payment is important for thousands of citizens who have no other…

"Spaving," or spending more to save more, has become a dangerous habit for cash-strapped Americans amid elevated inflation and mounting debt.Though inflation eased in April, the consumer price index was still up 3.4% from a year prior. Despite higher prices, Americans continue to spend.To that point, credit card debt reached $1.12 trillion in…

  By Dr. Neill Slater, Guest Writer I never thought I would become a victim of financial fraud. I guess no one does. I've been a partner in an ER physician group for 15 years. I'm well-versed in personal finance and naturally skeptical, and I think of myself as an astute judge of character. I own several businesses, and I have extensively…