The first round of Social Security retirement benefits for 2025 will be paid this week. Social Security benefits form the bedrock of retirement income for millions of older Americans. Social Security programs touch the lives of millions of people. For millions of older Americans, Social Security benefits are the main source of their retirement income. … Read more
A Golden Age for Retirees? Next year may not be an ideal time to switch your retirement strategy from growth to cutbacks, i.e. from stocks to bonds. But by the standards of modern history, that’s pretty good. On the other hand, if you’re approaching retirement and invested in U.S. stocks, your portfolio is probably worth … Read more
Strong Market Performance Boosts Pension Fund Health U.S. defined benefit (DB) Pension Funds plans experienced a significant boost in funding levels during November 2024, primarily due to robust market performance. This positive trend has continued into the year, with many plans now in a much stronger financial position. Milliman, which tracks the 100 largest corporate … Read more
Elon Musk’s appointment to a key advisory role in the Trump administration has sparked concerns about the future of Social Security. His public endorsement of Republican views on Social Security reform, coupled with his association with figures like Mike Lee, has raised alarms among beneficiaries and advocates. Elon Musk’s Stance on Social Security While Musk … Read more
Credit cards, when used wisely, can be powerful tools for financial flexibility and rewards. However, irresponsible credit card usage can lead to significant debt and financial stress. As we move into 2025, it’s crucial to adopt responsible credit card habits to secure your financial future. 1. Conquer Your Credit Card Debt If you’re carrying a … Read more
The Social Security Administration (SSA) has announced changes to its payment schedule for 2025. These changes are primarily due to the calendar year and federal holidays. Let’s break down the key points: January 2025: SSI Recipients: Payment on December 31, 2024 (due to New Year’s Day falling on a Wednesday) Early RSDI Beneficiaries (Claimed before … Read more
The Importance of Open Communication: A Lesson from Warren Buffett Table of Contents: The Power of Transparency Navigating Difficult Conversations The Role of a Financial Advisor Protecting Your Legacy The Bottom Line The Power of Transparency Warren Buffett, the legendary investor, has offered sage advice to parents worldwide: let your adult children read your will … Read more
The Social Security Administration (SSA) has announced a much-needed boost for millions of beneficiaries in 2025. A significant 2.5% Cost of Living Adjustment (COLA) will be implemented, ensuring that benefits keep pace with inflation. This article will delve into the details of this increase, its impact on recipients, and how to navigate the 2025 payment … Read more
The Social Security Administration (SSA) has announced significant changes to its payment schedule for 2025, including a substantial increase in monthly benefits for millions of recipients. This article will delve into the details of these changes, their impact on different beneficiary groups, and how to prepare for the upcoming year. Understanding the 2025 Social Security … Read more