Record increase in Social Security in 2023 isn’t all it should be

(justin pope) Retirees feeling squeezed by the highest inflation in decades are getting some relief. The Social Security Administration announced that benefits will receive an 8.7 percent cost of living adjustment (COLA), the largest increase since 1982. In pure dollar terms for the average Social Security beneficiary, it will be the largest COLA ever recorded. … Read more

3 tax moves to be made by December 31st

Dan Caplinger, The Motley Fool, Thanksgiving is here, and before you know it, it’s time to start planning New Year’s Eve parties. But beyond the holiday shopping, planning family trips, and all that comes with the holiday season, it’s important to get your tax planning done before the end of December. In particular, there are … Read more

3 tax moves to be made by December 31st

Dan Caplinger, The Motley Fool, Thanksgiving is here, and before you know it, it’s time to start planning New Year’s Eve parties. But beyond the holiday shopping, planning family trips, and all that comes with the holiday season, it’s important to get your tax planning done before the end of December. In particular, there are … Read more

Good news: Fewer savers made this dangerous 401(k) move in the most recent quarter

(Maurie Backman) Inflation has created a financial crisis for many people this year. So, if you’ve been struggling to cover your life’s expenses, you’re in good company. In fact, you may have reached the point where you needed a loan this year. And if so, instead of dealing with applications at various banks and lenders, … Read more

How to pay for egg freezing

Ronita Choudhuri-Wade As Geri Diaz approached her 34th birthday, she knew she wanted to make a few more moves in her career before becoming a mom. She had been thinking about freezing eggs for more than a year. “I wasn’t in a relationship, so I wanted to take the pressure of having kids off my … Read more

Stimulus checks are back, but only in some states

(Dan Caplinger) The COVID-19 pandemic has not only been a deadly threat to health, but has also created economic upheaval around the world. People are still dealing with the consequences of the pandemic, both in business and in managing their personal finances. For a time, stimulus checks paid by the US federal government served as … Read more

UK push to clean up finances means higher taxes, energy bills

By DANICA KIRKA, JILL LAWLESS and SYLVIA HUI – Associated Press LONDON (AP) – Millions of Britons face higher taxes and higher energy bills after the government announced on Thursday an emergency budget aimed at restoring the country’s economic credibility and buoying its ailing public finances. Treasury Chief Jeremy Hunt has vowed to protect the … Read more

Markets are receiving a wake-up call in 2023, says Morgan Stanley, who offers a plan for investors to prepare.

According to Fed Reserve Governor Christopher Waller and several strategists, the weaker-than-expected October CPI last week that took the S&P 500 to its best level in five months was overstated. His words may be successful as stock futures indicate a softer start like the last full week before Thanksgiving. We will also receive retail sales … Read more

Markets are receiving a wake-up call in 2023, says Morgan Stanley, who offers a plan for investors to prepare.

According to Fed Reserve Governor Christopher Waller and several strategists, the weaker-than-expected October CPI last week that took the S&P 500 to its best level in five months was overstated. His words may be successful as stock futures indicate a softer start like the last full week before Thanksgiving. We will also receive retail sales … Read more

How to set financial limits for visits during the holidays

For many, visiting family for the winter holidays is a question of “how”, not “if”. But this year, rising costs could make travel less affordable, especially when coupled with other life changes, such as moving abroad, going to school, or getting married. The best way to tame these vacation travel expenses? Establish financial limits early … Read more