Category Personal Finance

Social Security Changes to Watch for in 2025: Key Updates for Retirees Social Security benefits are subject to several important updates each year to keep payments in line with inflation and wages. These changes are particularly important for retired workers…

Tax Reform Looms Large in 2025: What’s at Stake for U.S. Taxpayers While much of the 2024 election coverage focused on economic issues, taxes didn’t make it to the top of the discussion. However, the year 2025 will be a…

Tax Strategies for Retiring with a Large Nest Egg As retirement approaches, managing taxes on a sizable nest egg becomes one of the trickier challenges for many retirees. While the idea of finally enjoying life after years of hard work,…

The December Supplemental Security Income (SSI) payment, which could be as much as $943, will be sent out to millions of eligible individuals in just 18 days. Since December 1st falls on a Sunday, the next SSI payments will be…

With the recent House approval of the Social Security Fairness Act, millions of Americans could soon see an increase in their Social Security benefits. The bill, which passed in the House with a strong bipartisan vote of 325 to 75,…

A bipartisan push to reform Social Security has made significant headway, as the Social Security Fairness Act recently passed in the House of Representatives with strong support. The bill, which had 327 votes in favor, aims to eliminate certain provisions…

Millions of retired Americans are set to see a boost in their Social Security payments this month, thanks to a 2.5% cost-of-living adjustment (COLA). This increase is meant to help recipients keep up with rising living costs. But that’s not…

Today, many Americans may find it difficult to access their local bank branches, as several of the country’s largest banks are closing in observance of Veterans Day, a federal holiday held every November 11. Among the banks closing their doors…

America’s seniors can expect higher healthcare costs in 2025, with the Centers for Medicare and Medicaid Services (CMS) confirming that premiums for Medicare Part B will increase by approximately 6% in the upcoming year. Medicare Part B, which is essential…

Social Security has been an essential part of the American safety net for nearly a century, but that doesn’t mean its rules and benefits are set in stone. In 2025, Social Security will experience several important changes that could impact…