Lastest Stories by Maurie Backman

  Some people look forward to the tax-filing season because it results in an IRS refund coming their way. Now it can be argued that a tax refund is actually not a good thing at all. And the...
Social Security is an income source that millions of older Americans rely on during retirement. But the fear is that the program will soon face benefit cuts. And that fear is not unfounded given the...
Social Security is an important source of income for a large number of retirees today. And without those benefits, many would no doubt struggle to stay afloat. But Social Security is facing some...
  When I had my kids, one of the toughest decisions I had to make was whether to put my career on pause for a few years or try to power through working while raising very young children. It was...
  A lot of people worry about what retirement will look like from a financial standpoint. And that’s understandable. It can be very daunting to go from earning a full-time paycheck to...
Many people who weren’t worried about a recession at the start of the year are concerned about one now. Tariff policies have people on edge. There is a fear that they will lead to higher...
  Owning a vacation rental is a dream for a lot of people. And in some cases, it could be your ticket to an early retirement. But physical real estate can be a risky investment. So at some...
  There’s a reason workers are commonly advised to save for retirement in an IRA or 401(k) plan. These accounts offer a world of tax benefits, like tax-free contributions and tax-deferred...
There’s a reason Social Security recipients have gotten to enjoy larger cost-of-living adjustments (COLAs) in recent years. Inflation has been rampant since it started creeping upward in 2021....
  There’s a reason so many people are worried about Social Security, and it’s that the program is on shaky financial ground. In the coming years, Social Security is expected to owe...
There’s a reason many older employees force themselves to work until they turn 65. Age 65 is when Medicare eligibility typically begins. And many people can’t afford to pay for health insurance...
  There’s a reason some people choose to spend a lot of money on the cars they drive. Your vehicle is something you might use every day of the year, or at least most days. So while you...
You’ll often hear that if you want to retire comfortably, you’ll need to build some savings. You can’t expect to manage your bills with ease in retirement on only a monthly Social Security...
  It’s hardly a secret that the cost of college has been going nowhere but up. And a lot of parents are struggling to balance saving for college while funding a retirement account. In this...
If you’re someone who collects Social Security, then you probably find yourself eagerly awaiting news of a cost-of-living adjustment, or COLA, each year. The Social Security Administration...