3 Social Security changes in 2023 you probably didn’t know

(Kylie Hagen) The purchasing power of Social Security has been declining for decades, but rarely have seniors felt it as much as they did this year. Record inflation has made everything considerably more expensive, and that has made life very difficult for those with little or no personal savings to supplement their checks. But there … Read more

IRA contribution limits are going up in 2023. Here’s how to make the most of it

(Kylie Hagen) IRAs are popular because of the freedom they give you to invest your money however you want, but they have one drawback: their low contribution limits. In 2022, you can only contribute $6,000 to an IRA or $7,000 if you’re 50 or older. These limits apply to all of your IRA contributions, not … Read more

How stay-at-home couples can build credit

Couples share a lot, but regardless of your relationship status, your credit score belongs to you and only you. Even if you get 100% financial support from your spouse or partner, establishing and building your credit score is essential. It can benefit both of you as you navigate financial decisions together. But in the event … Read more

How stay-at-home couples can build credit

Couples share a lot, but regardless of your relationship status, your credit score belongs to you and only you. Even if you get 100% financial support from your spouse or partner, establishing and building your credit score is essential. It can benefit both of you as you navigate financial decisions together. But in the event … Read more

3 Tax moves that must be made by December 31

Dan Caplinger, The Motley Fool, Thanksgiving is here, and before you know it, it’s time to start planning your New Year’s Eve parties. But in addition to holiday shopping, planning for family trips, and everything else that comes with the holiday season, it’s important to tackle your tax planning before the end of December. In … Read more

3 Social Security tips to avoid costly mistakes

(Dan Caplinger) It is important to make the most of your Social Security benefits. The problem, however, is that the program is complex, and it’s easy to miss the benefits that are available or aspects of the program that can kill the benefits. In particular, there are three things that many people don’t realize social … Read more

How much will Social Security rise in 2023?

(Dan Caplinger) Millions of retirees live on the fixed income that Social Security provides. With little outside savings in place, the fact that Social Security makes annual cost-of-living adjustments is essential, as it allows the purchasing power of checks received by program recipients to remain reasonably steady even in the face of high inflation. In … Read more

What does higher personal loan rates mean for borrowers

Annie Millerbrand Personal loan rates from banks, credit unions and online lenders have surged after repeated interest rate increases from the Federal Reserve this year, the latest of which came last week. The funding rate on 24-month personal loans from banks jumped from 8.73% in May to 10.16% in August, according to the latest data … Read more

Wall Street’s Big Secret Won’t Tell You About Investing

(Ryan Downey) Investors can learn valuable lessons from Wall Street, but professionals aren’t always eager to reveal their secrets. Fortunately, there is one common misconception in the stock market that isn’t hard to correct — and it happens to be linked to some of the more costly mistakes retail investors make. Keep this “secret” in … Read more

Not a fan of work? Joining the FIRE movement might be right for you

(Stephon Walters) FIRE movement – which means “Financial independence, early retirement“- encourages people to deliberately take the financial steps needed to achieve financial independence at a young age. While most FIRE enthusiasts aim to do so in their forties, many do so in their thirties or early fifties.” FIRE is knowing what is perfect for … Read more