Personal finance

What Rising Prices Could Mean for Your Retirement Plans | Personal-finance

Kate Ashford About 1 in 8 Gen Xers and baby boomers say they’ve postponed or considered postponing retirement due to inflation, according to a March 2022 survey by the Nationwide Retirement Institute. With an inflation rate over 8% and hitting a 40-year high, coupled with a stock market that’s seen a double-digit percentage drop since …

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4 Tricks Supermarkets Use to Get You to Spend More Money

Image source: Getty Images There’s a reason your grocery bills may be getting out of hand. Key points Groceries are a big part of many people’s budgets. There are tactics grocery stores employ to get consumers to buy more products. Don’t let digital coupons and end caps make products seem more special than they really …

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Rising prices have you down? These five episodes of PennyWise can help! | Smart Change: Personal Finance

Prices are up pay raises are few and far between. That can lead to a lot of stress when it comes to managing your finances. Luckily, there are some steps you can take to reduce at least some of the costs. We’ve rounded up some of our recent episodes of the PennyWise podcast hosted by …

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4 Ways to Prepare Your Money for Months or Years of High Inflation

When you buy through our links, Insider may earn an affiliate commission. Learn more. Loading Something is loading. When it comes to the personal finance space, inflation is on many people’s minds. That isn’t lost on financial planner Anjali Jariwala. “When inflation first started at like the 7% or 8% that we’re seeing now, a …

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3 Great Reasons to Take Social Security Benefits at 62 | Personal-finance

(Maurie Backman) When it comes to filing for Social Security, you get your share of choices. If you wait until full retirement age (FRA) to sign up, which is either 66, 67, or somewhere in between, you’ll get the full monthly benefit you’re entitled to based on your wage history. If you delay your filing …

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4 Ways to Recession-Proof Your Money, According to a Financial Planner

Everyone I work with wants to know how to recession-proof their finances. I recommend building up three to six months of emergency savings first, and paying off debt. It’s also important to keep your money invested and get advanced job training while you can. Loading Something is loading. I’m a financial planner who also hosts …

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Try These 3 No-Brainers to Beat the Average $ 1,665 Social Security Benefit | Personal Finance

(Kailey Hagen) The average senior raked in $ 1,665 a month from Social Security in March 2022, but there are plenty who did much better. The maximum Social Security benefit this year is $ 4,194 per month. But to achieve this, you need a very high income throughout your working years. Fortunately, there are ways …

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Social Security Benefits Could Rise 8.6% in 2023 – But It’s Not All Good News | Smart Change: Personal Finance

(Maurie Backman) There’s a reason seniors who get most or all of their income from Social Security tend to struggle financially. Those benefits often do a poor job of keeping up with inflation. This year, Social Security beneficiaries got their largest cost-of-living adjustment (COLA) in decades-a 5.9% boost that took effect in January. The reason …

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How can I help my child’s future relationships? Teach personal finance

Parents who hope their children will grow up to have a flourishing romantic relationship can lay the groundwork in a perhaps unexpected way: They can teach their children sound financial principles and behaviors. A new study from BYU shows that children who learn money management tips like saving and budgeting from their parents are more …

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