Inflation

The Social Security Fairness Act, designed to eliminate the Windfall Elimination Provision and Government Pension Offset laws, recently passed the House and will likely pass the Senate with 62 cosponsors.

Medicare Part B Premiums will increase by 5.9% to $185 monthly, which will be deducted from Social Security checks starting January 2025.

The widow, divorced for over a decade, put her three children through college and couldn't prioritise her life goals, including starting a retirement fund.

Since taking office as Speaker of the Florida House of Representatives in the mid-2000s, Senator Marco Rubio has used a corporate credit card issued by the party for his personal expenses, liquidated his retirement funds prematurely, and defaulted on a mortgage.

Trump's reelection could boost IPO activity, make banking regulations more lenient, and buoy energy stocks as he plans to drill from day one of his second tenure as US President.

Kevin O'Leary reveals his mother's secret 32-year wealth-building strategy through disciplined saving and diversified investing.

Al Pacino delegated all financial paperwork to his accountant, who had been running a Ponzi scheme for years and was eventually sentenced to seven years in prison.

Divorces are adding to the financial distress of US retirees, especially women who don't have a robust financial infrastructure as men, creating long-term income gaps.

The age of remarriage is among the top factors that determine your eligibility for Social Security disability or survivor benefits on your former spouse's records.

Car expert Jayden Bloom warns against long-term, high-interest car loans after a woman's $0 downpayment deal resulted in $499 monthly payments stretched over 427 months, a scenario he called the "worst car deal" he'd ever seen.

The billionaire believes that careful financial planning, such as avoiding impulsive investments and seeking legitimate financial advice, can help hedge risks in an athlete's career.

Mark Cuban revealed how a receptionist embezzled $82,000 from his first company, MicroSolutions, a setback that nearly bankrupted the business and taught him critical lessons about handling employee theft.

Kevin O'Leary reveals his approach to family loan requests, advocating for a one-time gift with no repayment expectations to avoid ongoing financial dependence and strained relationships.

An 83-year-old woman lost $50,000 in a cryptocurrency scam after a caller impersonating her grandson convinced her to pay bail through crypto transactions, despite multiple warnings from her bank.

A £800,000 ($970,000) inheritance dispute has reached London's High Court after 92-year-old Carry Keats tore up her will on her deathbed, leaving her sister and cousins to battle over the estate's validity.

BofA's former head of Financial Institutions Group, Gary Howe, is known for enforcing long working hours on junior bankers under him, which potentially played a role in the death of an ex-Green Beret who joined the bank to support his family.

A Los Angeles-based couple bought rundown restaurants from retiring owners to achieve profitability in a short span.

50 Cent is among many artists who want their kids to work hard for money. The rapper is ashamed that his 27-year-old son thinks his father's wealth is his own and hopes he will change his ways soon.

Robert Kiyosaki believes investing in assets like dividend stocks, real estate, annuities, and loans can offer stable and regular income. He also suggests collecting royalties from the sale of intellectual property for additional income.

UK millionaires are expediting plans to leave the country as fears grow that Labour may announce capital gains tax hikes and an "exit levy" for those leaving.

Ramit Sethi thinks women increasingly earning more than men is threatening their role as providers, driving relationship issues.

Ramit Sethi is concerned with influencers like Grant Cardone's portrayal of the middle class as losers who made the biggest mistake of buying into the idea of the middle class.

Mark Cuban said that dividend-paying stocks, REITs, and high-yield savings accounts are among the easily accessible investment options people can explore for passive income.

Ramsey thinks investing Social Security income starting at 62 in mutual funds can help overcome shortfalls for the early claim.

Rich people leverage 401(k) employer-matching options, create backdoor Roth IRA accounts to avoid future taxes, and create investment accounts for liquidity and access to low-cost, diverse funds.

UK shoppers are outraged over Herbal Essences reducing the size of their bottles from 400ml to 275ml while maintaining the £2 price, fuelling widespread criticism of shrinkflation practices.

The Social Security Administration's 2.5% COLA hike for 2025 will increase the monthly income of retired workers by an average of $50 and $100 for widowed mothers with two children.

Most job switchers contribute to 401(k)s at the low default rate fixed by the plan provider and often fail to account for the drop in savings rate when they move to a new employer despite a decent pay bump.

The senior is struggling to ask her husband of 30 years to cut his biological son and ex-wife from her portion of their combined net worth as they rarely help or stay in touch.

Christopher DeVocht from British Columbia alleges that RBC didn't acknowledge his limited financial acumen and advised him to donate millions to charities and trade using a margin account via a new holding company to avoid taxes.