Social Security plays a major role in retirement for around 68 million Americans. If you’re curious about how your benefits stack up, Certified Financial Planner Matt Frankel breaks down the average Social Security benefit for different groups, including retired workers and spouses, in a quick and easy-to-understand video. Related: Are […]
As a retiree in New York, I’ve learned that managing Social Security benefits wisely is crucial for maintaining a comfortable lifestyle. Living in a city like New York, with its high cost of living, has shaped how I use my Social Security income. While some may think these funds are […]
The Social Security increase for 2025 is projected to be 2.5%, marking the lowest rise since 2021. This projected adjustment, based on the cost-of-living adjustment (COLA), is significantly lower than the spikes seen in recent years, especially during periods of high inflation in 2022 and 2023. With inflation rates stabilizing, […]
In a bold statement that has captured the attention of financial markets and political observers alike, billionaire hedge fund manager John Paulson has declared that he would pull his investments from the market if Kamala Harris wins the presidential election. Paulson, known for his significant financial maneuvers and his successful […]
For many Americans, Social Security benefits are a key part of their retirement plan. Knowing how different states tax these benefits can make a huge difference in how far your money goes. Luckily, more and more states are choosing to reduce or completely eliminate taxes on Social Security income. Let’s […]
When it comes to Social Security, one of the biggest decisions you’ll face is when to start collecting your benefits. Many people wonder, “Is it better to collect Social Security at 62 or 66?” This decision can have a huge impact on your financial well-being during retirement. With over 51 […]
For many Americans, Social Security can feel like a constant source of stress. Balancing biweekly paychecks is tough enough during your working years, but stretching a modest monthly check in retirement can be even more challenging. Add to that the complicated eligibility rules and fears of reduced or delayed benefits, […]
A recent survey has revealed that a majority of Americans are open to reducing Social Security payments for some recipients to help address the program’s looming financial crisis. Social Security provides monthly payments to retirees and people living with disabilities across the U.S. However, the program is facing a potential […]
Vice President Kamala Harris could be on her way to becoming the 47th president of the United States if the Democrats win big this November. If that happens, her plans could bring some big changes for taxpayers starting in 2025. So, what’s in store? Financial expert and YouTube star Jaspreet […]
If you’re eagerly waiting for your Social Security payment this week, it’s important to know exactly when to expect it. The Social Security Administration (SSA) distributes payments to millions of Americans every month, but not everyone receives their payment on the same day. The timing of your payment depends on […]
