News
Social Security's 2027 COLA Forecast Was Just Updated. There's Good News and Bad News for Retirees.
4+ hour, 34+ min ago (277+ words) Key Points Inflation has surged to a multi-year high in recent months due to elevated energy prices tied to the Iran war. The Senior Citizens League...
Here's What the Estimated 2027 Social Security COLA Could Do to Spousal Benefits Next Year
1+ week, 2+ day ago (81+ words) Key Points The Social Security Administration will announce the 2027 Social Security COLA in October. Rising inflation has placed the Senior Citizens...
Yikes! The Federal Reserve's May Inflation Forecast Is In, and It Has Big Implications for Social Security's 2027 COLA.
1+ week, 2+ day ago (496+ words) Key Points President Trump's Iran war is having a decisive impact on U. S. inflation, which is used to determine how much Social Security benefits increase...
The Risky Retirement Investing Move No One Talks About
2+ week, 1+ day ago (155+ words) Key Points Many people invest too conservatively for retirement. In avoiding stock market risks, you open yourself up to other risks. A balanced portfolio...
Think You Need to Carry a Small Credit Card Balance Every Month? Here's Why That's a Myth
2+ week, 3+ day ago (136+ words) Image source: Getty Images Carrying a $2, 000 balance on a card charging 22% APR costs roughly $440 a year in interest. For some people, that's an...
How Gas Prices and the Iran Conflict Are Shaping Your 2027 Social Security Raise
2+ week, 4+ day ago (327+ words) Key Points Energy and gasoline prices increased by 11% and 21% in March, respectively. Higher gas prices can increase the Consumer Price Index, the metric...
Here's What Happens When You Pay Down $5, 000 in Credit Card Debt at Once
1+ mon, 2+ day ago (455+ words) Paying down $5, 000 in credit card debt feels like getting a raise. And that's exactly what it is in a sense. But the benefits don't stop at just saving you around $1, 000 a year. The national average APR for credit cards being…...
The Average American Will Spend 21+ Years in Credit Card Debt if Only Making Minimum Payments
1+ mon, 4+ day ago (537+ words) Right now, the average American is carrying $6, 523 in credit card debt according to Motley Fool Money research. And the average credit card APR is around 21%. OK, get ready to spit out your coffee" If someone with this average debt makes…...
The Recent CPI Report Is Already Shifting 2027 COLA Forecasts -- What Retirees Should Know
1+ mon, 6+ day ago (484+ words) The inflation rate accelerated in March, climbing 3. 3%. One analyst has significantly increased the COLA forecast based on the recent data. Another may be more focused on underlying information in the report and is slow to change. Retirees are still six…...
Here's How to Ask Your Credit Card Company for a Retention Offer (and What to Say)
1+ mon, 1+ week ago (604+ words) When you call to cancel a credit card, your issuer doesn't want to lose you. So before they let you go, they'll often put you on hold, transfer you to their retention department, and come back with something " a statement…...