by on October 13, 2023
Social Security and Supplemental Security Income (SSI) benefits for more than 71 million Americans will increase 3.2 percent in 2024. The 3.2 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 66 million Social Security beneficiaries in January 2024. Increased payments to approximately 7.5 million SSI recipients will begin on December 29, 2023. (Note: some people receive both Social Security and SSI benefits) Read more about the Social Security Cost-of-L...
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by on August 14, 2023
  Personal finance still isn’t required in high school or college. This results in many young adults not having a good foundational knowledge of how to manage their personal finances. Fortunately, this subject isn’t complicated. A willingness to learn and do a little reading is all that’s required. With a small investment of time and energy, anyone can become fluent and knowledgeable on the topic of money. The payback on this small amount of time and energy is priceless. Money challenges a...
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by on July 12, 2023
Personal finance still isn’t required in high school or college. This results in many young adults not having a good foundational knowledge of how to manage their personal finances. Fortunately, this subject isn’t complicated. A willingness to learn and do a little reading is all that’s required.   With a small investment of time and energy, anyone can become fluent and knowledgeable on the topic of money. The payback on this small amount of time and energy is priceless. Money challenges a...
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by on July 12, 2023
Medicare.gov makes it easy to find and compare Medicare providers, equipment, and costs in your area. Click on a link below and personalize your results by filtering for what matters most to you — like inspection results, location, quality ratings, and more. Find & Compare Medicare Providers Near You ...
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by on July 11, 2023
Finances can be complicated! However, the simpler your finances, the easier they are to conquer. A few simplifications can renew your enthusiasm for finally mastering your finances. Many of the simplest actions you can take are the most effective. Making a habit of these simple actions is a sure way to ensure your financial life flourishes.   Simplify your finances and simplify your life: ...
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by on July 11, 2023
If You Are the Survivor Just as you plan for your family's protection if you die, you should consider the Social Security benefits that may be available if you are the survivor — that is, the spouse, child, or parent of a worker who dies. That person must have worked long enough under Social Security to qualify for benefits. How Your Spouse Earns Social Security Survivors Benefits ...
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by on June 10, 2023
Financial stability is a goal that many individuals and households strive to achieve. It provides a sense of security, peace of mind, and the ability to meet both short-term and long-term financial goals. While there are various strategies and habits that contribute to financial stability, one fundamental tool stands out: budgeting. A budget is a roadmap for managing personal finances, and it plays a crucial role in building a solid foundation for long-term financial stability. In this blog, we ...
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by on May 12, 2023
The Consumer Financial Protection Bureau (CFPB) published a report on high-cost specialty financial products, such as medical credit cards, that are sold to patients to alleviate the growing costs of medical care. Patients are typically offered these financial products in a medical provider’s office even when their insurance may cover the procedure, or they qualify for a hospital’s reduced or no-cost financial assistance program. The report also finds that these specialty products are typically ...
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by on April 14, 2023
This is part two of our series on Medicare benefits. Did you know you can save money on Medicare costs this year? The Inflation Reduction Act which President Biden signed into law in August 2022, will help you save money on Medicare prescription drug costs and recommended adult vaccines starting in 2023. Let’s explore a few of the ways that this new law will lower your Medicare prescription drug costs. ...
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by on April 7, 2023
We invited the Administrator to share helpful information on Medicare coverage. This is part 1 in the two-part series. Your health is important and needs to be protected. If you are 65 or older, or have certain disabilities, or End-Stage Renal Disease, you can get health care coverage through the Medicare program. You’ll get access to health care services you need to achieve and maintain good health. It’s important to review your Medicare coverage options and find an affordable option that...
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by on April 5, 2023
What’s Your Credit, and Why Does It Matter? When people talk about your credit, they mean your credit history. Your credit history describes how you use money. For example: ...
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by on March 31, 2023
The Old-Age and Survivors Insurance (OASI) Trust Fund is expected to be depleted in 2034. One year earlier than projected last year. Trust Funds will be sufficient to pay 77% of scheduled benefits. The Trust Fund reserve on 12/31/2022: $2.830 Trillion ...
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