The Social Security primer you need to read

How COLA works and more
͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
No images? Click here
May 15, 2024
Retire with Money

Are you between the ages of 52 and 65? A story published earlier this year by Plan Adviser highlights labor economist Teresa Ghilarducci’s new book, Work, Retire, Repeat: The Uncertainty of Retirement in the New Economy. In it, she defines that age bracket as the “shadowy period” of our working lives — in which we both are up against the wall (my words) when it comes to knowledge about how retirement works *and* starting to interact with government systems (think Social Security).

You should research all you can about how Social Security works before you need to claim it — and bookmark Money’s section on Social Security to stay in the loop on what’s going on with the massive federal program. To start, we suggest checking out this primer on how the annual cost-of-living adjustment, or COLA, works.

— Mike Ayers, executive editor

Mike Ayers

P.S. If you got this newsletter from a friend, sign up here for email delivery to make sure you don't miss the next issue.

Stat of the Week: 15%
Contributions
Rangely García; Money/ Getty Images

That’s the number Ramsey Solutions’ Jade Warshaw recently said is the percentage of your gross income you should be investing. This is after you have paid off all your debts and have a three- to six-month salary cushion, aka that emergency fund we know you already have.

Money Move of the Week
Don’t let unexpected home repairs break the bank
Home

Owning a home means dealing with unexpected expenses, whether it’s a malfunctioning HVAC system or a leaky roof. The average homeowner shelled out up to $6,000 on repairs in 2022, according to a report. A home warranty can help protect your finances and home equity by covering eligible appliances and home systems.

See Money’s list of the best home warranty companies and make the smart choice today.

Home

 

Retirement 1, 2, 3
  • 🏃 Not ready to retire? This 72-year-old reveals why he’s not giving up work just yet.
  • 🏀 All you sports fans out there are likely aware of the recent rise of the University of Iowa women’s basketball program and Caitlin Clark. Iowa head coach Lisa Bluder announced her retirement this week — read her full statement here.
  • 🪙 If you’re thinking about adding gold to your portfolio, this is a good intro to the do’s and don’ts.

More Insights and Advice from Money
RIP
The demand for vacation home mortgages has plunged to around an eight-year low, declining 65% since 2021.
Getty Images

Watch Out
Online shopping is more popular than ever, and package theft is booming right alongside it.
Money; Getty Images

Fly Away
White House officials and regulators are probing what they say are issues with airline credit card programs.
Money; Getty Images; Shutterstock

Facebook
Twitter
Instagram
Youtube
LinkedIn
TikTok
Threads
This newsletter is free because Money earns a commission when you click or make purchases from the links in this email and on our site. We also receive compensation for some of the products and services featured in this message. Offers may be subject to change without notice. Learn more about how we make money.

Privacy PolicyAdvertise With UsWe're Hiring!

To stop receiving these emails, unsubscribe or manage your email preferences.

Copyright ©2024 Money Group, LLC. All rights reserved.

Metro Office Park Calle 1, Building 7 Suite 204, Guaynabo, Puerto Rico 00968, USA

Older messages

The market moves fast, do you?

Friday, May 17, 2024

Get faster funding and exclusive benefits — here's how ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Here’s a special savings offer on replacement windows

Tuesday, May 14, 2024

Get ready for the summer heat and help lower energy bills. ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Are you paying too much for homeowners insurance?

Saturday, May 11, 2024

It may be time to look at your options. ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Save money on your dream vacation

Saturday, May 11, 2024

Enter to win a chance to win a Danube River cruise. ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Invest in stability: Grow your retirement with gold

Thursday, May 9, 2024

What can a Gold IRA do for you? ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

You Might Also Like

Banks get a brake-check

Friday, July 12, 2024

Bloomberg Evening Briefing View in browser Bloomberg The biggest US bank stocks have been trouncing the broader market this year. But their rally got a brake-check from earnings results that

😲 Wow, JPMorgan results

Friday, July 12, 2024

JPMorgan's expectation-beating results, analysts' predictions for earnings season, and a mutant frog | Finimize TOGETHER WITH Hi Reader, here's what you need to know for July 13th in 3:14

Smashing the Monopoly

Friday, July 12, 2024

The Latest Challenger to Take On Chicago ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Harry's Rant 7-11-24 Are We Near the Top?

Friday, July 12, 2024

image Harry's Rant July 11, 2024 Are we near the top of the stock market? More on this and the latest on bitcoin, the Nasdaq, TLT, gold and the Feds next move in today's Rant. Harry Dent posts

How to build the ultimate dividend portfolio

Friday, July 12, 2024

The following is a third-party sponsored message. It should not be considered a recommendation or endorsement by HS Dent Publishing. There's a free dividend workshop that shows how anyone can build

Forecast accuracy and efficiency at the Bank of England – and how forecast errors can be leveraged to do better

Friday, July 12, 2024

Derrick Kanngiesser and Tim Willems This post describes a systematic way for central banks to employ past forecasts (and associated errors) with the aim of learning more about the structure and

Leading with AI - Issue #476

Friday, July 12, 2024

From banking innovations in Singapore to Apple's latest AI features, explore the cutting edge of financial technology. July 11, 2024 FinTech Weekly brings you the latest in financial technology

September rate cut

Thursday, July 11, 2024

Bloomberg Evening Briefing View in browser Bloomberg Expectation is growing on Wall Street, and not the usual parsing of bits of data and the wishful thinking that follows. The numbers are really

🌡️ Taking your temperature

Thursday, July 11, 2024

Here are the results of the Finimize Modern Investor Pulse | Investment platforms are starting to offer round-the-clock trading | Finimize TOGETHER WITH Hi Reader, here's what you need to know for

Did you know you could be overpaying for car insurance?

Thursday, July 11, 2024

If rising rates are hitting you hard, it may be time to shop around. ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌