Boost for savers as cash ISA rates hit key milestone and 15-month high 5% interest is achievable in easy access accounts, but now for tax-free savings too The Independent UK · Sep 25
The Money You Send Home: What Your Partner's Silence About Family Remittance Really Means The transfer goes through at the same time every monthYou open the app. You type the amount. You hit send. Your mother's account, your brother's account, sometimes both on the same day. The money is gone before you've thought about what you need this month, before the credit card bill,… Times Life · Sep 25
Social Security Could Face 26% Benefit Cuts by 2032 — Newly Retired Couples Could Lose $17K a Year Social Security benefits could fall 26% after the retirement trust fund is depleted in late 2032, CBO projects, unless Congress acts to close the funding gap. International Business Times UK · Sep 24
Canada CPP, OAS payment tomorrow: Who gets the September 25 payment and how much could you receive? Canada CPP and OAS payments, including the Guaranteed Income Supplement (GIS), are scheduled for September 25, 2026. Find out who qualifies for the latest Canada government payment, how much eligible seniors and CPP recipients could receive, the maximum CPP, OAS and GIS amounts for 2026, and the remaining CPP and… The Economic Times · Sep 24
Job Worries Are Rising: How Many Months of Cash You Need Before Severance and Unemployment Kick In A job loss can create a strange financial gap: the paycheck stops before the replacement money starts. Severance might arrive quickly, slowly, or not at all, while unemployment benefits follow rules that vary by state. The Free Financial Advisor · Sep 24
The IRS Just Eased 401(k)-to-IRA Rollovers — But One Missed Step Still Costs You 20% Upfront The IRS just moved to make 401(k)-to-IRA rollovers easier to handle, but the old 20% withholding rule still matters. A new IRS notice gives retirement plans sample forms and proposed procedures for direct rollovers, aiming to make the process more standardized and less confusing. The Free Financial Advisor · Sep 24
This one small swap could make you hundreds of pounds better off With inflation above 3%, savers should make sure their money is earning above that level with interest rates The Independent UK · Sep 24
Energy firms ‘must double down’ on customer service ahead of ‘difficult winter’ A survey for Citizens Advice suggested more than 10 million households were worried about how they would afford their energy bills this winter. Evening Standard · Sep 24
Social Security could face a 22% benefit cut in 2032 - here are the changes being discussed Social Security is approaching a funding gap projected to occur by 2032, necessitating Congressional intervention. Options under consideration include increasing payroll taxes and lifting the income cap for taxation. Some experts advocate for reducing benefits or increasing the retirement age as part of potential reforms. The Economic Times · Sep 23
Early retirement could lead to a 10% penalty - how 72(t) may help access your savings A $10 million retirement account can create a major tax burden for someone retiring before 50. Forbes contributor Cicely Jones explains how 72(t) distributions can provide income before age 59½ while potentially avoiding the 10% federal early withdrawal penalty, but the strategy requires careful planning. The Economic Times · Sep 23
New bounce in EPFO trampoline: How the wage ceiling revision will change things Social security, like a trampoline, not only catches you but also enables you to bounce back. The system's core is to provide workers with a fund to draw from in times of emergency or at retirement, so that a temporary crisis doesn't become a lifelong hardship and trap them in… The Economic Times · Sep 23
She Makes $80,000 but Still Lives Paycheck to Paycheck — Where Is the Money Going? She earns $80,000 a year, has a steady job, and by most measures appears to be doing reasonably well financially. Yet a few days before every payday, she is checking her bank balance and wondering how another paycheck disappeared. Budget and the Bees · Sep 23
A Couple Makes $150,000 — What’s Actually Left Monthly After Taxes, and Why It’s Thousands Less in Some States A $150,000 household income sounds like enough to leave plenty of breathing room each month, but gross salary and spendable cash are two very different numbers. For a married couple earning $150,000 in 2026, federal income taxes and payroll taxes alone can consume more than $26,000 before state taxes, health… Everybody Loves Your Money · Sep 23
Paying Your Adult Kids’ Bills After Divorce: What It Costs Your Own Retirement Paying an adult child’s rent, car payment, insurance bill, or credit card balance can feel manageable when the check comes out of a monthly budget. After divorce, though, that same help can take on a different financial weight because one household may now need to support two separate lives. Clever Dude · Sep 23
The Economic Times · Sep 23 Different ways to earn more interest on your savings account Savings accounts are crucial for achieving financial security and generating passive income. By routinely evaluating various savings options, individuals can benefit from higher interest rates. It's important to refrain from unnecessary withdrawals to fully capitalize on interest accumulation. Utilizing features like Auto Sweep can further optimize surplus funds while keeping…
The Economic Times · Sep 23 UPS for Railway employees: Assured pension, VRS and one-time switch to NPS explained The Ministry of Railways has announced the Unified Pension Scheme rules for employees covered under the National Pension System. Employees appointed after January 1, 2004, are eligible for this scheme and will contribute 10% of their basic pay. A minimum pension of Rs 10,000 is assured after completing ten years…
The Economic Times · Sep 23 Rs 1.68 crore investments, Rs 89,000 monthly MF SIP. Can this 40-year-old investor retire at 50? A 40-year-old investor based in Pune is on a mission to retire by age 50 while providing for her two children’s education. With savings of Rs 1.68 cr from diverse investments, she plans to pay off her home loan by December 2026. Experts suggest she aim for a retirement fund…
The Guardian - UK · Sep 22 Pay rent, eat or keep warm? Growing numbers face hard choices as housing benefit gap grows Wirral mother among renters turning to food banks as gap between a two-bed and housing benefit hits £158 a month – rising to as much as £324 in London
Kids Ain't Cheap · Sep 22 Your Teen’s First Job Could Change More Than Their Spending Money A teen first job may look like a simple exchange: a few shifts each week in return for spending money. But that first paycheck can introduce lessons about taxes, saving, workplace expectations, and the surprisingly difficult question of what to do when a manager asks you to stay late. The…
The Independent UK · Sep 22 Here’s the dollar amount that Americans place on an hour of free time The perception of the value of time has led to widespread ‘convenience’ spending, poll found
The Independent UK · Sep 22 Which savings account should I choose for putting £50, £100 or £200 away each month? Earning interest helps your money grow, but it’s consistency which will build your savings
The Independent UK · Sep 22 How to smart-manage higher 2026 RMDs and lower your tax bill Required minimum distributions are unwelcome for many high-income retirees because of the implications for their tax bills
The Economic Times · Sep 22 Social Security 2027 COLA: These 10 states could see the biggest dollar increase, with benefits as high as $2,256 a month Social Security beneficiaries are waiting for the official 2027 COLA announcement, expected on October 14. While the latest forecast estimates a 3.5% increase, retirees in states with higher median Social Security benefits could see larger dollar increases. Here are the 10 states with the highest median monthly Social Security benefits,…
The Economic Times · Sep 22 100% family pension and NPS-related benefits: Know who is eligible to get extraordinary pension benefits in Railways The railway employees' new pension guidelines have been announced, slated for implementation in 2026. These provisions classify both death and disability incidents into four specific categories. Notably, Categories B and D are set to receive enhanced pension benefits under this framework. Additionally, the family pension rates differ considerably according to…
The Independent UK · Sep 21 Households could get access to free or cheap loans to install solar panels The government’s Warm Homes Loan Scheme is now live, offering no- and low-interest finance for solar panels, batteries and heat pumps