Planning to get Social Security at 62? 3 reasons to wait until age 70

(Adam Levine Weinberg) The big question for Americans nearing retirement is when to apply Social Security benefits. While the US government has set the full retirement age at 67 for people born in 1960 or later, Americans can choose to receive reduced Social Security benefits as early as 62 — or wait past the full … Read more

pairing? How do you know when it’s time to combine your money

Spanish | E + | Getty Images Money may not be your top priority if you’re in love, but it does deserve some serious attention if you want a lasting relationship. A partnership that pools resources and shares expenses can be very good for the relationship and for each other’s financial well-being. However, different spending … Read more

Decode Form 1099-K for Freelancers

1099-K: The Basics Tax season requires some planning and organization for everyone, and this is especially true when you are self-employed. On top of keeping track of business-related expenses, you’ll likely need to track income streams from several clients. Get every dollar you deserve with unlimited tax tips from experts who know self-employment taxes inside … Read more

Why Americans shouldn’t panic as the Fed raises interest rates: Finance experts

Americans should stay calm, boost their personal savings and sharply monitor their long-term fiscal plan like the Federal Reserve raises interest ratespersonal finance experts told The Post. The Federal Reserve raised its benchmark interest rate by 0.75% on Wednesday for the third consecutive month. By raising interest rates, the Fed makes it more expensive to … Read more

Why you should spread your retirement savings across multiple accounts. Here why | personal financing

(Adam Levy) There are a variety of accounts available to most investors to save for retirement. You can choose the traditional 401(k), IRA, or Roth versions of those accounts, or stick with a regular taxable brokerage account. You can even use a tax-free HSA to save for retirement. If you are planning for the long … Read more

The surprising truth about the future of Social Security | Smart Change: Personal Finance

(Selina Marangian) Here are some scary headlines you may have come across that give the impression that Social Security is on the way to becoming a thing of the past: “Social Security is expected to be insolvent a year earlier than previously expected” (New York times, 2021) “Why is Social Security running out of money?” … Read more

How much will your Social Security benefits increase in 2023 based on current inflation? | Smart Change: Personal Finance

(Bram Berkowitz) New inflation data for August sent the market lower earlier this week, with Dow Jones Industrial Average It gave up a staggering 1,250 points on Tuesday as inflation came in higher than expected last month. Inflation data doesn’t just affect the markets; It also plays a big role in determining how much to … Read more

Cash Advance vs Payday Loan Apps: Which is Better? | Smart Change: Personal Finance

Annie Millerbrand If you were asked to photograph a lender on payday, you might think of a storefront in a strip mall with green dollar signs and neon slogans like “daily payday.” You probably wouldn’t imagine a mobile app advertising on TikTok and showing a colorful logo. But Cash Advance Applications Like Earnin and Dave … Read more