Chuck Schumer to vote to advance GOP funding bill Democratic Senator Chuck Schumer says he will vote for the GOP funding bill to avoid a government shutdown. The Senate will vote on a stopgap funding bill to avert a government shutdown. Democrats may vote against the bill in protest of President Trump’s policies. If the
LaylaBird / Getty Images There are certain purchases retirees know better than to spend their money on during retirement. Using their savings to buy a timeshare, for example, might seem like a good decision at the time but ultimately lock retirees into long-term agreements with little return on investment. That’s Interesting: 7 Reasons You Shouldn’t
Florida man ordered to pay back $20K for SBA loan he never borrowed — or Social Security will cut his benefits Joseph Carpenter, 76, a military veteran living in Tampa Bay, Florida, received an alarming letter from the Small Business Administration (SBA) earlier this month. The letter claims he took out a $20,000 SBA loan
When either Donald Trump or Kamala Harris takes power in 2025, they will have a significant effect on your financial life for years to come. Are you most focused on your finances in retirement? Best to look at what each side might do when it comes to things like Social Security and drug costs. More
Social Security has just turned 89 years old, but there are questions about its solvency headed into the November presidential election. The Social Security Act was signed into law by President Franklin D. Roosevelt on Aug. 14, 1935, as a way of establishing a federal benefits system for older Americans. Today, Social Security’s trust fund for
eggeeggjiew / Getty Images/iStockphoto Between now and 2030, the final and largest cohort of the baby boomer generation will reach retirement age. The bulk of them will take Social Security benefits early, according to research from the Alliance for Lifetime Income. Trending Now: I’m an Economist: Here’s My Prediction for Social Security If Biden Wins the
BI spoke to Gen X and boomer student-loan borrowers nearing retirement with six figures in debt. The student loans have prevented each of them from saving sufficiently for retirement. It’s part of a larger retirement crisis and could put Social Security benefits at risk. Diane Shelton, 58, has been working as a clinical psychologist for
Millions of Americans are at risk of losing their Social Security benefits as student debt follows them into their golden years. According to a report from the New School Schwartz Center for Economic Policy Analysis, roughly 2.2 million Americans over the age of 55 have outstanding student loans. And if your loans fall into default,
Dear Liz: My husband and I are in our 80s, living in a retirement community. Our investment account is valued at $550,000. This has to see us through till we die. We have no pension, no other assets. Social Security provides $2,760 a month and we are in the lowest tax bracket. Our financial advisor
Vladimir Vladimirov / Getty Images Regulation around crypto is still evolving, and understanding how these assets can impact your finances — such as Social Security payments — can be tricky to understand. Check Out: In 5 Years, These 2 Stocks Will Be More Valuable Than Apple Read Next: 5 Unusual Ways To Make Extra Money