Image source: Getty Images Since I write about personal finance, some of my friends tend to incorrectly assume that I’ve never made any big money mistakes in my life. But that’s not true at all. For one thing, I waited a few years to contribute to a retirement account and lost out on years of

The 2024 Social Security Trustees Report revealed a slightly improved outlook for the program. A year ago, the government thought benefit cuts would be necessary in 2034. Now, the Social Security Administration expects to fund all scheduled benefits through 2035, and the estimated funding shortfall

The 3.2% 2024 Social Security cost-of-living adjustment (COLA) raised the average benefit by $59 per month. But that was little comfort to seniors, many of whom reported their expenses rising by more than $185 per month in 2023, according to The Senior Citizens League (TSCL). Though the 2025 COLA

One of the biggest advantages of saving for retirement in an account like an IRA or 401(k) is that you can defer your taxes. Instead of paying a big tax bill upfront, you can wait to pay taxes until you’re in retirement. That can give you more money to invest today. But eventually, the government

It’s not an easy time to be a teenager. There has always been peer pressure and bullying. And now there’s social media, too, with various surveys suggesting that social media harms the mental health of millions of teens. On top of that comes news that many teens are also stressed out about money.