The Latest Breaking News on Personal Finance

To Downsize or Not to Downsize? That is the Retirement Question

For some retirees, a bigger home is better.

Kiplinger · Aug 17, 2025

Why Some Senior Tax Credits Disappear Once You File Jointly

For many older couples, filing a joint tax return seems like the most logical choice. It often comes with a lower overall tax rate and simplified paperwork. However, the decision can also trigger an unpleasant surprise — certain valuable tax credits may shrink or vanish entirely. Understanding why some senior…

The Free Financial Advisor · Aug 16, 2025

6 Common Retirement Plans That Don’t Cover Long-Term Care Costs

Many people spend decades contributing to retirement accounts, believing they’ll be financially set when they stop working. Unfortunately, not all savings vehicles are built to handle the high price of extended medical or personal care in later years. Long-term care — such as nursing home stays, in-home assistance, or memory…

The Free Financial Advisor · Aug 16, 2025

8 Financial Changes That Quietly Reduce Your Social Security Payments

Many people look forward to Social Security payments as a reliable part of their retirement income. However, some financial changes can quietly chip away at...

Saving Advice · Aug 16, 2025

9 Lifetime Penalties Tied to Early Retirement Withdrawals

Thinking about dipping into your retirement savings before you hit the official retirement age? It can be tempting, especially when life throws unexpected expenses your way. But early retirement withdrawals often come with more than just a simple tax bill. There are hidden and not-so-hidden penalties that can follow you…

The Free Financial Advisor · Aug 16, 2025

Timing Your Retirement: A Financial Professional's Guide on When to Say When

First, ask yourself what kind of retirement you want: big and splashy or simple and sweet. Then you can run the numbers to help choose just the right moment.

Kiplinger · Aug 16, 2025

Three Common Social Security Myths in 2025: A Retirement Strategist Explains What You Need to Know

Taxes on benefits haven't been eliminated, and based on current projections, the program isn't going bankrupt. Understanding the truth about Social Security and knowing what you can control can help you better prepare for retirement.

Kiplinger · Aug 16, 2025

Warm home discount: why you must check your name is on your energy bill

The government is urging people to act before 24 August after it expanded eligibility for the £150 discount

The Guardian - UK · Aug 16, 2025

Social Security Could Go Broke By 2032 — $18,000 Cuts Loom As 90-Year-Old Program Nears Breaking Point

Social Security, the nation's largest retirement program, turned 90 this week but is anticipated to face the threat of insolvency by 2032, a crisis that could slash benefits by nearly a quarter and deepen partisan divisions over how to preserve the program.

Benzinga · Aug 16, 2025

9 Utility Rebates Seniors Miss Out On Every Year

Retirement often comes with fixed incomes and rising expenses. For seniors, every dollar counts, and missing out on available utility rebates can leave hundreds—or even...

Saving Advice · Aug 15, 2025