Catherine Ziegler | Digital vision | Getty Images As inflation kept prices high in 2022, Social Security recipients can expect a record cost-of-living adjustment in 2023. “Your Social Security benefits will increase by 8.7% in 2023 due to an increase in the cost of living,” the Social Security Administration says in the annual statements it …
Money / Financial Planning Eva Katalin/Getty Images It seems the older you get, the faster the holiday season sneaks up on you. While that may mean happy get-togethers and festive cocktails, the end of the year also signals that it’s time to do some financial cleaning. Looking back: 2022 in review Retire at any age: …
It’s time to take stock of your personal finances in 5 points at the end of the year Read More »
At LIZ WESTON or NerdWallet Most people no longer get a tax deduction when donating to charity. This shouldn’t stop you from donating, but you may want to change your approach. Generally, only taxpayers who itemize deductions can write off charitable contributions. The vast majority of taxpayers take the standard deduction instead, which was nearly …
Liz Weston: Make the most of the new charitable giving rules Read More »
Thomas Barwick | Digital vision | Getty Images Many families struggle to come up with money when faced with an unexpected $400 expense. This lack of emergency savings may force them to borrow money at high interest rates to pay for the surprise expense, putting their financial security at risk. Congress now has a window …
How Congress can make it easier to set aside money for emergency spending Read More »
ridofranz | Istock | Getty Images We definitely want to age in place, experts say. A recent AARP report shows that 85% of respondents age 65 or older want to stay in their current residence for as long as possible. Retirement-focused financial advisors can help you with the financial and non-financial preparations to do so. …
Most Americans want to “age in place” at home. Here’s how to plan your support systems Read More »
Mark Schaffer With a few days left in my 30s, I’ve been thinking about the choices young adults in their 20s and 30s make that can either set them up for success in their 40s or potentially set them up for failure. Here are some potential mistakes I would talk about with people in this …
Start alone in the world? Avoid these 5 costly financial mistakes Read More »
Opinions expressed by Entrepreneur the contributors are theirs. In generations past, children needed to understand how to balance a checkbook and smooth out a budget. But thanks to modern technology, checkbooks have been replaced by online banking, apps have replaced paper budgets – and the changes don’t stop there. At almost every turn, other new …
What is the FPA Pro Bono program? The FPA Pro Bono program is a way for eligible members of the Financial Planning Association (FPA) to give back to their communities by providing free, unconditional financial planning advice to individuals and families in need or in crisis. Financial planning is a profession built on hope and …
Daniel Trush was only 12 when a brain aneurysm ruptured and changed the course of his entire life. “I fell into a coma, and I was in a coma for 30 days – and I was in hospital and in rehab for a total of 341 days,” said Daniel, who is now 38 and lives …
James Harden of the Philadelphia 76ers looks for a pass against the Toronto Raptors in Game 5 of the Eastern Conference First Round on April 25, 2022. Tim Nwachukwu | Getty Images For NBA player James Harden, building financial literacy in young adults is personal. Harden, a point guard and shooter who recently signed a …
