Is a Monster Social Security Increase on The Way? Not Necessarily | Smart Change: Personal Finance

(Keith Speights) Big, gigantic, huge, tremendous. Pick one of these adjectives, and you’ve probably seen it used to describe the upcoming Social Security cost-of-living (COLA) adjustment. Some have predicted an increase of nearly 11%. If that happens, it would be the third-highest COLA in history. Is a monster Social Security increase really on the way? … Read more

Is a Monster Social Security Increase on The Way? Not Necessarily | Smart Change: Personal Finance

(Keith Speights) Big, gigantic, huge, tremendous. Pick one of these adjectives, and you’ve probably seen it used to describe the upcoming Social Security cost-of-living (COLA) adjustment. Some have predicted an increase of nearly 11%. If that happens, it would be the third-highest COLA in history. Is a monster Social Security increase really on the way? … Read more

Don’t Let Money Rules of Thumb Get You Down | personal finance

Kelsey Sheehy Put 20% down when buying a home. Don’t spend more than 30% of your income on housing costs. Keep child care expenses below 10% of your annual household income. These money rules of thumb can be useful guardrails, helping you allocate spending and determine what’s affordable. They can also be incredibly defeating when … Read more

Don’t Let Money Rules of Thumb Get You Down | personal finance

Kelsey Sheehy Put 20% down when buying a home. Don’t spend more than 30% of your income on housing costs. Keep child care expenses below 10% of your annual household income. These money rules of thumb can be useful guardrails, helping you allocate spending and determine what’s affordable. They can also be incredibly defeating when … Read more

How Much Does It Cost to Adopt a Child? | personal finance

Taryn Phaneuf Bringing a child into your family is a big decision, emotionally and financially. The process can be long and cost anywhere from less than $1,000 to more than $50,000. Here’s a breakdown of the different ways you can grow your family through adoption — and how much you could expect to spend. How … Read more

Should You Hope for a Large Social Security Raise in 2023? | Smart Change: Personal Finance

(Maurie Backman) Last October, seniors on Social Security got word of a 5.9% cost-of-living adjustment, or COLA, for 2022. The news was generally met with excitement, since that 5.9% raise represented the largest boost benefits had seen in years. Meanwhile, we’re only about a month and a half away from 2023’s COLA announcement, which should … Read more

Medicare Supplement vs. Medicare Advantage — Which Is Right for You? | personal finance

(Ryan Se) In 2018, about two in 10 Medicare beneficiaries overall carried a self-purchased Medigap policy. Four in 10 Medicare recipients were enrolled in a Medicare Advantage plan, while another three in 10 had coverage through their employer, Medicaid, or another provider. In total, this means that 90% of all Medicare beneficiaries have some form … Read more

Medicare Supplement vs. Medicare Advantage — Which Is Right for You? | personal finance

(Ryan Se) In 2018, about two in 10 Medicare beneficiaries overall carried a self-purchased Medigap policy. Four in 10 Medicare recipients were enrolled in a Medicare Advantage plan, while another three in 10 had coverage through their employer, Medicaid, or another provider. In total, this means that 90% of all Medicare beneficiaries have some form … Read more

Medicare Supplement vs. Medicare Advantage — Which Is Right for You? | personal finance

(Ryan Se) In 2018, about two in 10 Medicare beneficiaries overall carried a self-purchased Medigap policy. Four in 10 Medicare recipients were enrolled in a Medicare Advantage plan, while another three in 10 had coverage through their employer, Medicaid, or another provider. In total, this means that 90% of all Medicare beneficiaries have some form … Read more