Category Personal Finance

Fed’s Rate Cut Fails to Lower Mortgage Rates, Leaves Homebuyers in a Bind The Federal Reserve’s significant interest rate cut in mid-September was expected to ease mortgage rates, offering relief to prospective homebuyers. However, the opposite occurred, as mortgage rates…

Major Social Security Changes Rolling Out for SSI Recipients This Month This month, significant changes are being made to Supplemental Security Income (SSI) by the Social Security Administration (SSA), offering some relief to millions of beneficiaries. SSI provides benefits to…

Social Security Announces Higher Retirement Payments for Late 2024 The Social Security Administration (SSA) has revealed increased retirement payments for the final quarter of 2024. Beneficiaries will see higher amounts in October, November, and December, thanks to the annual Cost…

Social Security benefits in the United States are expected to see an increase in 2025, providing a much-needed boost for beneficiaries, including retirees, those on disability, and widows. Here’s what you need to know about the upcoming changes: Projected Cost-of-Living…

There may be hidden treasures in your family’s attic, especially if someone in your family—or even a previous homeowner—collected coins. Some of these coins, which may have been stashed away for years, could be worth a significant amount of money…

Deciding when to claim Social Security benefits is a crucial financial decision that affects both your future income and quality of life. While some individuals choose to stay in the workforce longer to increase their retirement savings, others may opt…

Suze Orman, a well-known financial expert, argues that $2 million is not enough to retire early in today’s world. She suggests that individuals looking to retire early need between $10 million and $100 million to ensure a secure financial future,…

The Treasury Inspector General for Tax Administration (TIGTA) recently released a report revealing that between 2018 and 2020, the IRS missed out on nearly $1.5 billion in taxes from unreported gambling winnings. This shortfall occurred due to approximately 150,000 individuals…

The Tax Foundation’s recent reports highlight significant concerns regarding the proposed increase of the U.S. corporate tax rate to 28%, backed by Vice President Kamala Harris and congressional Democrats. Here are the key points from their findings: Impact on Workers…

The decision on when to claim Social Security benefits is crucial, especially for those with a long and high-earning career who are eligible for the maximum benefit. Here’s a breakdown of the key factors to consider: Understanding Social Security Benefits:…