A couple in their 40s, living paycheck to paycheck with no monthly savings, has delayed their wedding due to lingering financial anxieties and unresolved money traumas. Dawn, 48, and Richard, 43, reside in a rented home in upstate New York, juggling complicated financial histories and deeply ingrained habits that have strained their relationship. The pair, … Read more
Brighton-based kitchen fitter Des Healey lost £75,000 last year in an AI-based crypto scam involving personal finance expert Martin Lewis, whom he looked up to for financial guidance. Healey recently attended an interview with Lewis on BBC Radio 5 Live, where he detailed how he lost his entire savings and was neck-deep in loans after … Read more
While the Tax Cuts and Jobs Act 2017, which increased federal estate and gift tax exemptions of over $13 million, is set to expire by 2025-end and revert to $7 million if Congress doesn’t intervene, the enhanced premium tax credit (PTC) could also disappear if provisions aren’t extended by the end of next year. Analysts … Read more
Social Security makes up 40% of the monthly income for millions of Americans aged 65 and above, making the program a crucial aspect of retirement security. While your Social Security income levels depend on when you claim, earnings during working years, and service duration, the net amount you pocket every month also depends on where … Read more
Asda shoppers are in for an important update regarding the Asda Rewards app and given a deadline to make savings by. Asda’s Rewards scheme lets customers gain ‘Asda Pounds’ by using their app with every shop which are then redeemable for vouchers on later purchases. Particularly for festive planners, the Christmas Saver Cashpot feature lets … Read more
Netflix’s “How To Get Rich Show” host and multi-millionaire author Ramit Sethi recently shared his outlook on how money is central to relationships and ways to avoid financial pitfalls when dating in an interview with British entrepreneur and investor Steven Bartlett on the latter’s “The Diary Of A CEO” YouTube podcast. The duo focused on … Read more
During a review of financial advice from top influencers available online, multi-millionaire author and host of Netflix’s “How To Get Rich Show” Ramit Sethi couldn’t wrap his head around how some experts view the middle class. During the review posted on YouTube recently, Sethi was surprised when he saw a clip of real estate investor … Read more
The Social Security Administration (SSA) announced a 2.5% Cost-of-living Adjustment (COLA) for 2025 in an October 10 press release, increasing Social Security and Supplemental Security Income (SSI) payments for over 72 million Americans. Based on inflation data, the SSA announces COLA hikes every year in October to help Social Security recipients fight inflationary pressures and … Read more
The New Jersey Lottery has been waiting for the $1.13 billion Mega Millions jackpot winner to claim the prize since March. The unclaimed ticket, which has a cash value of over $537 million, was sold in Neptune Township of Monmouth County, New Jersey. Lottery officials are urging all players to check their tickets for the … Read more
The US Labor Department’s new proposed standard to protect retirement savers who roll over money from their 401(k)s to individual retirement accounts (IRA) is facing massive backlash from the insurance industry. The rule will ensure insurance agents transition from selling products for high commissions to recommending investments that benefit clients during rollovers. The move will … Read more
