The COLA Social Security 8.7% adjustment for 2023 is the highest increase in decades. But some still worry that it may not be enough. While the increase is historic and needed, it is also inadequate for millions of older Americans who face skyrocketing housing and health care costs across the country. CLICK ON THE HEADLINE FOR MORE
There’s not much you can do to stop interest rates from climbing or stocks from falling. Still, you may have more control than you realize when it comes to another financial pain point that can significantly impact your budget — your taxes. For several moves to consider to improve your chances of tax savings, CLICK ON THE HEADLINE
While experts debate whether a recession will happen or when, most people are already convinced we’re headed for a downturn, a recent survey finds. High inflation is one of the biggest risk factors that make people think an economic decline is coming. For steps you can take to reduce your costs, CLICK ON THE HEADLINE
To have stagflation, you need both high unemployment and high inflation at the same time. Despite surveys sounding the alarm on stagflation, not everyone agrees it’s inevitable. CLICK ON THE HEADLINE FOR MORE
With mounting anxiety about an impending recession in the US, you may be concerned, or at least a little curious, about what this may mean for your finances. So how do you best prepare, save, invest and generally make smart money moves in these uncertain times? For some guidance to help navigate through this difficult financial period, CLICK ON THE HEADLINE
While last year’s push to expand the enhanced Child Tax Credit benefits was unsuccessful, it appears that lawmakers haven’t given up the fight just yet — so there could still be hope for monthly tax credit payments in 2022. CLICK ON THE HEADLINE FOR MORE
The “Dorothy L. Hukill Financial Literacy Act,” was signed into law on March 22 by Gov. Ron DeSantis. The bill equires that high school students take a half-credit personal finance course before graduation. CLICK ON THE HEADLINE FOR MORE
Finding out you owe $10,000 in taxes instead of $15,000 is a big win, but not if you don’t have anywhere close to $10,000 set aside. While self-employment tax deductions can save you money, don’t expect them to wipe out your tax bill completely, Once you’ve made a habit of setting aside money for taxes, you can keep more of it in the bank. CLICK ON THE HEADLINE FOR MORE
Some financial advice gets repeated constantly, but the times are changing — and so is our approach to money. It’s a personal responsibility to really examine how you are spending, saving, and budgeting to stay ahead of the game. With that in mind, here are the rules to drop in 2022. CLICK ON THE HEADLINE FOR MORE
Based on recent government data, there is good reason for asking how long inflation is here to stay. Financial advisors say inflation is a top issue in their work with clients. And for many of those clients, it is as much emotional as it is financial. CLICK ON THE HEADLINE FOR MORE