Personal Finance
Latest Personal Finance News
Your Mother Died With a $3,000 Social Security Benefit. Could You Qualify to Collect Up to 75%?
If your mother had a $3,000 Social Security benefit, it might seem natural to collect part of it after she…
You Can Get Up to $2,100 From Social Security at 62. Waiting Until 70 Could Increase Your Benefits by Roughly $1,600 a Month.
If you want to retire early, taking Social Security at 62 may seem like an easy way to replace a…
I Looked at Putting $250k Into an Annuity at 62. Here’s the Real Monthly Check, and the Catch.
An immediate annuity may turn part of your retirement savings into a monthly payment for life. That might be helpful…
Claiming Parents as Dependents: Income Limit, Support Test and Credits
Adult children who financially support a parent may be able to claim that parent as a dependent on their federal…
Medicare Part B Increase: How COLA Is Affected, Rules and Examples
Social Security’s annual cost-of-living adjustment (COLA) raises monthly benefits, but most Medicare Part B enrollees have their premiums deducted from…
She Inherited $400,000 at 60 and Claimed Social Security Early. Then Her Tax Bill Went Up.
Retirees often believe that an inheritance won’t affect their Social Security taxes because the money they receive generally isn’t taxable.…
Mega Backdoor Roth IRA: How to Max Tax Benefits
A mega backdoor Roth can let you contribute substantially more to Roth accounts than the standard annual limits allow. Having…
She Moved In as a Dependent at 62. Here’s How Much She Could Get Based on Her Daughter’s Social Security Record.
Moving in with an adult child at 62 does not qualify a parent for Social Security based on the work…
2026 Midterm Election: Which Party’s Plan Could Benefit Your Retirement Savings?
Democrats and Republicans are proposing changes to Social Security and retirement policy ahead of the November 3 midterm elections. Voters…
I Maxed Out My 401(k) and Still Had Room. The Move That Added $40k in Tax-Free Savings.
If you have already maxed out your 401(k), you may still have room to save more at work. The amount…
