There was good news and bad news when the Social Security Administration announced its latest costof-living adjustment in October of 2024. A CNBC article, Social Security Administration announces 2.5% cost-of-living adjustment for 2025, lowest increase since 2021, has some timely details. Good News and Bad News The good news is that nearly 73 million Americans will see their monthly Social Security payment increase by 2.5% in 2025. On average, according to the article, most p

As our parents age, conversations about their future become increasingly important. One of the most delicate yet essential topics to address is estate planning. While discussing this can feel daunting, it’s vital for ensuring that their wishes are respected and that loved ones are protected. Here are some engaging tips to help navigate this conversation with sensitivity and care. Start with Empathy Approach the topic with empathy. Recognize that discussions about estate plann

While rollovers are common, there are times when leaving your 401(k) with your former employer may make sense. This article provides some really excellent insights. Better Options, Lower Fees The first reason you may want to consider leaving your 401(k) behind is the possibility of better investment options and fees. Simply put, if your new job has everything you’ve ever wanted, except a retirement account that provides you good choices and low fees, why not just leave it whe

62, 67, or 70? For many retirees, Social Security income is an essential part of their financial strategy. But what’s the right time to file? Our article has some useful details on when to take Social Security benefits or what is the best retirement age for Social Security ? 62 vs. 70 — a vast difference As many people likely know, the earliest you can file for Social Security is age 62, but if you do so, your monthly payment will likely be reduced because, as the article

It is very important to know your terms before applying for a mortgage . Bookmark this tab on your computer so that you can reference these terms at any time before or during the mortgage process. Appraisal : A rough estimate of how much the home is worth. Appraisals are required by lenders before a home loan can be signed. The appraisal tells the lender how much can be loaned to the borrower. Appraisals come from an independent third party, not the lender. Principal: The s