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
Billionaire investor Warren Buffett is known for mastering the strategy of identifying and buying great businesses at lower prices. He has abided by this rule to date, with no exceptions. For the first time in six years, Buffett decided not to buy back shares of his own company, Berkshire Hathaway, in Q3 despite having over … Read more
The Social Security Fairness Act, designed to expand benefits for millions of beneficiaries by repealing certain provisions that curtail their monthly checks, was passed by the House last week as efforts intensify to get it passed by the Senate before the December 31 deadline. “Workers should be able to count on the retirement benefits they’ve … Read more
Healthcare costs have been a long-standing challenge for US retirees. Estimates show that the average retired couple at 65 could spend north of $300,000 on healthcare expenses in retirement. Meanwhile, the average retirement savings for married couples aged between 65 and 74 is around $609,230. Millions of retirees depend on their monthly Social Security checks … Read more
I bought the marital home with my husband in 2000. During this time a vast amount of refurb and an extension were undertaken between 2000 and 2011. Unfortunately in 2011 I made the difficult decision to move out of the family home due to an increasingly difficult and strained relationship that was not conducive to … Read more
Tesla chief Elon Musk recently claimed while campaigning for President-elect Donald Trump that he is the largest individual taxpayer in history. Musk claimed he paid over $10 billion in taxes to the Internal Service Revenue (IRS). Jokingly, the billionaire said he wished the IRS would send him a trophy, even a small, inexpensive one that … Read more
Over 72.79 million Americans received some form of Social Security benefit in October, where the average monthly benefit stood at $1,787.08. The Social Security program serves as a crucial source of income for more than 54.15 million retirees across the country. While Social Security is designed to support retirement income levels, beneficiaries increasingly rely on … Read more
President-elect Donald Trump’s proposal to cut taxes on Social Security benefits could provide tax relief to millions of Americans, with significant savings for high-income earners. However, experts warn that the plan may have long-term consequences, potentially rendering the Social Security program insolvent within just six years. According to data from the Social Security Administration (SSA), … Read more
When it comes to building a strong financial foundation, money guru Dave Ramsey believes that age or starting late is not a factor – and that one can be stable with just a few, wise financial decisions. This is what Ramsey told a 50-year-old woman who has been widowed for 15 years, who recently called … Read more
US Senator Marco Rubio, who could be the first Latino to serve as Secretary of State under President-elect Donald Trump’s administration, has a history of financial missteps that have come under the spotlight repeatedly over the years. Despite his role as a prominent political figure, Rubio’s handling of his finances—from questionable credit card practices to … Read more
