Miodrag Ignjatovic | E+ | Getty Images After Beth Pinsker’s father died, she had her mother set up a new estate plan that included a power of attorney, a legal document that gives permission for someone to make financial decisions on your behalf if you become incapacitated. Yet it wasn’t until years later, when her…
Catherine Delahaye | Digitalvision | Getty Images The first 10 drugs subject to new Medicare price negotiations will go into effect on Jan. 1, prompting substantial out-of-pocket savings for certain older Americans who rely on those medications. Enrollees in Medicare Part D prescription drug plans may see their out-of-pocket costs for the negotiated drugs fall…
When I think back on my childhood, my happiest memories aren’t tied to things I owned. They’re about the freedom of growing up in a small Ohio town where everyone knew your name and kids ran in packs. The neighborhood park was our meeting place. A few bikes tossed in a friend’s front yard signaled…
A guest poses for a photograph during the Jellycat Road Trip to Joy at Nordstrom Michigan Avenue in Chicago, Illinois. Jeff Schear / Stringer/ Getty Images Christmas is just around the corner and if you’re a stuck on what to gift your Gen Z family members, a cuddly plush toy might be the answer this…
Ascentxmedia | E+ | Getty Images About 75 million Americans will see a 2.8% cost-of-living adjustment to their Social Security and Supplemental Security Income benefits in 2026. The increase is expected to add $56 per month on average to Social Security retirement benefits, according to the Social Security Administration. But other changes — particularly a…
Jasondoiy | E+ | Getty Images The Social Security cost-of-living adjustment will be 2.8% in 2026, the Social Security Administration said on Friday. Social Security retirement benefits will increase by about $56 per month on average starting in January, according to the agency. The COLA provides an annual adjustment to both Social Security and Supplemental…
Brothers91 | E+ | Getty Images Deciding when to claim Social Security retirement benefits is a big decision — and Congress is looking at changing the program’s wording to help people better understand their options. Understanding the trade-offs for claiming at different ages can be confusing, and some experts say the terms the agency currently…
Jon Morgan, co-founder of business consulting firm, Venture Smarter, was mentoring a Gen Z entrepreneur when he noticed something strange about her life and the one she portrayed online. His 23-year-old mentee had spent 1½ years crafting a luxury travel persona — one that suggested she was living a $500,000-a-year lifestyle, he said. In reality,…
M Swiet Productions | Getty Images Eligibility for Social Security retirement benefits starts at age 62. But for prospective beneficiaries who can wait, the biggest benefit becomes available at age 70. For many retirees, that poses a dilemma — how to fund those interim years while they wait to claim that highest monthly benefit check….
People shop at a grocery store in Manhattan, New York City, on April 1, 2025. Spencer Platt | Getty Images Republicans’ “big beautiful” reconciliation package includes tax cuts that policy researchers have found primarily benefit the wealthy. To help pay for that, the legislation also includes “substantial” cuts to the Supplemental Nutrition Assistance Program, or…
