personal finance

Todd Graves worked as a boilermaker in an oil refinery near California and fished salmon in Alaska in harsh conditions before opening Raising Cane's fast-food chain that only sold chicken fingers and made him over $9 billion in less than three decades.

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 proposed bill is expected to help kids become familiar with financial planning early on and level the playing field for Americans from all walks of life by offering each the chance to achieve financial freedom.

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.

The senior woman is exploring ways to ask her boyfriend of three years if he would include her in his will despite the wealthy man having previously expressed no inclination to marry her.

George Appling and his partner Brian will help their kids in their formative years by paying for college, cars, and homes but avoid covering extravagant purchases and make sure teenagers work hard to receive their hard-earned money.

To be among the top 10% of wealthy retirees, you require a net worth of $1.9 million. These people often have diverse investment portfolios, strong passive income streams, and a balanced long-term mindset.

75-year-old Tim F. wishes he had claimed his Social Security earlier to fulfil his plans of spending it together with his wife, Sarah, who passed away at age 68.

Alice Lin, a Southern California widow, is now leveraging new laws to win her case against JPMorgan for allowing fraudulent transactions despite multiple red flags.

The elusive winner of the $1.13 billion Mega Millions drawing in March has another six months to claim the prize. The unclaimed winning ticket was sold in the Neptune Township of Monmouth County, New Jersey.

Social Security checks are generally issued starting on the second Wednesday of each month, but some payments like SSI benefits arrive much earlier.

One of the primary attractions of alternative lending is speed - while traditional bank loans can take weeks, many alternative lenders offer same-day approvals

National Public Data recently confirmed that it suffered a data breach involving Social Security numbers, names, email addresses, and phone numbers of millions of Americans.

The 22-year-old bride had already booked a destination wedding with over 200 guests, assuming her uncle would cover all marriage expenses despite the man clearly saying he would offer some help.

Michelle and Ryan diligently saved for their retirement in their 20s but are unable to control the impulsive spending that compels them to dip into their savings regularly for monthly expenses.

Americans who have saved their entire lives in retirement plans face the risk of going broke in their golden years because many deplete their funds severely through premature withdrawals and lack proper tax planning for post-retirement income.

Having millions doesn't guarantee feeling wealthy. Many millionaires still feel financially insecure and believe their plans need improvement.

Nancy Pelosi's husband, Paul Pelosi, sold 2,000 Visa shares less than three months before the US DOJ filed a lawsuit alleging the payments giant engaged in unlawful actions that cost Americans billions of dollars in additional fees.

House lawmakers in Washington have sufficient signatures on a discharge petition to force a vote on the Social Security Fairness Act, which would repeal laws that reduce Social Security benefits for certain pensioners.

Supplemental security income (SSI) checks are issued on the first day of the month. However, they arrive earlier if the first falls on a weekend.

Berkshire Hathaway chairman Warren Buffett, 94, entrusted his children with the responsibility of donating his entire wealth upon his passing to charities of their choice. His new estate plans will also stop funding the Gates Foundation upon his death.

Warren Buffett struggles to get around the complexities at Nike, its lagging segments like golf equipment and helmets, and lack of clear competitive advantages despite top fund managers buying the stock as new CEO Elliott Hill plans to steer the company back to its roots.

The new tax will be adjusted when Social Security recipients in these states file their federal income tax returns. However, some states are working to extend exemptions to qualifying seniors.

The woman is exploring ways to recover her money after her ex-husband exploited their joint account to transfer her business savings to his personal accounts throughout the marriage. He didn't even spare her Visa business card.

A 73-year-old US woman moved to Europe to live with his husband she married three years ago. She wonders if it's normal to give away the house they share to a distant relative while she pays the bills and supports their lifestyle.

Ramit Sethi explained that the FIRE community can help people live ultra-frugal lives and retire early. However, some drawbacks in the community must be remedied to achieve financial independence goals without drastically downgrading lifestyles.

A dozen insurance industry groups have secured national stay orders from two Federal courts on a new retirement protection regulation that compels agents to sell products in their client's best interests during 401(k)-IRA rollovers.

The Texas resident wonders if a divorce would offer her rights to the husband's inheritance and their five rental properties and incomes.