Social Security’s raise tracks workers’ costs, not retirees’, shortchanging seniors again in 2027
Roughly 70 million Social Security beneficiaries will receive their 2027 cost-of-living adjustment based on a price index designed for urban wage earners and clerical workers, not for retirees. The 2026 COLA of 2.8 percent was calculated using the Consumer Price Index for Urban Wage Earners and Clerical Workers, a formula that has tracked working households’ […]
Read MoreSocial Security’s raise tracks workers’ costs, not retirees’, shortchanging seniors again in 2027
Roughly 70 million Social Security beneficiaries will receive their 2027 cost-of-living adjustment based on a price index designed for urban wage earners and clerical workers, not for retirees. The 2026 COLA of 2.8 percent was calculated using the Consumer Price Index for Urban Wage Earners and Clerical Workers, a formula that has tracked working households’ […]
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Insurance & Protection
Owners of millions of Chrysler, Dodge, Jeep and Ram vehicles can get a free airbag fix under a stop-driving order
Owners of roughly 225,000 Chrysler, Dodge, Jeep and Ram vehicles still carrying unrepaired Takata airbag inflators have been told by…
Personal Finance
Insurance & Protection
Owners of millions of Chrysler, Dodge, Jeep and Ram vehicles can get a free airbag fix under a stop-driving order
Owners of roughly 225,000 Chrysler, Dodge, Jeep and Ram vehicles still carrying unrepaired Takata airbag inflators have been told by…
Markets & Investing
Banking & Credit Cards
Fraud & Scams
A phone-scam ring drained more than $5 million from 400 older Americans before agents shut it down
Thirteen people have been charged for running a phone-based “grandparent scam” that stole more than $5 million from over 400 older Americans, most of them...
Bank Accounts & Fees
A payable-on-death beneficiary lets a bank account skip probate and reach heirs directly
Bank account holders who add a payable-on-death beneficiary to their deposit agreements create a direct transfer channel that bypasses probate court entirely. Three states, Massachusetts,...
Fraud & Scams
A Florida woman lost $200,000 to scammers before police staged a sting to catch the courier at her door
A Florida woman handed over $200,000 in cash to scammers who contacted her through fraudulent calls and electronic messages before local police set up a...
Bank Accounts & Fees
Banks must make at least $225 of a deposited check available the next business day under federal rules
Anyone who deposits a check at a bank or credit union is protected by a federal floor that limits how long the institution can withhold...
Fraud & Scams
Government impersonation scams drained nearly $798 million last year, and no real agency demands gift cards
Americans lost $789 million to government impersonation scams in 2024, part of a record $12.5 billion in total reported fraud losses that year. The Federal...
Fraud & Scams
A free credit freeze at all three bureaus blocks new-account fraud
Any consumer in the United States can place a credit freeze at Equifax, Experian, and TransUnion at no cost, blocking lenders from viewing the frozen...
Real Estate
Mortgages & Rates
The federal reverse-mortgage limit rose to $1,249,125 in 2026, letting seniors borrow more against their homes
Seniors with high-value homes will be able to tap significantly more equity through federally insured reverse mortgages starting Jan. 1,…
Retirement & Taxes
Heirs who inherit an IRA now have just 10 years to empty it, and many owe yearly withdrawals along the way
A spouse who never worked can still claim up to half the other’s Social Security at full retirement age
Hospitals keep dropping Medicare Advantage plans over payment fights, and some seniors will need new doctors in 2027
People 65 and older get an extra standard deduction — $2,050 for singles — on top of the new senior bonus
$1,000 a year is what the government will start depositing into low- and middle-income retirement accounts in 2027
Retirees who filed a tax extension face an October 15 deadline, and missing it stacks penalties on any balance
A surviving spouse can collect 100% of a late husband or wife’s Social Security by waiting until survivor full retirement age
Medicare’s 2027 plan-change notices arrive by September 30, and ignoring yours can lock you into a worse plan
$25,000 in combined income is when Social Security benefits start getting taxed, a limit frozen since 1984
A surviving spouse often jumps into a higher tax bracket the year after a partner dies, the widow’s penalty
$127,750 a year is the average private nursing-home room, and Medicaid helps only after your savings run down