Social Security’s 2027 raise now looks like 3.8%, about $74 more a month for the average retiree
Retired workers collecting Social Security stand to receive roughly $74 more per month starting in January 2027, based on early cost-of-living adjustment projections tracking at 3.8 percent. The estimate draws on the Consumer Price Index for Urban Wage Earners and Clerical Workers, the specific inflation gauge that drives the annual COLA calculation. With the average […]
Read MoreSocial Security’s 2027 raise now looks like 3.8%, about $74 more a month for the average retiree
Retired workers collecting Social Security stand to receive roughly $74 more per month starting in January 2027, based on early cost-of-living adjustment projections tracking at 3.8 percent. The estimate draws on the Consumer Price Index for Urban Wage Earners and Clerical Workers, the specific inflation gauge that drives the annual COLA calculation. With the average […]
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Insurance & Protection
Home insurance climbs to about $3,057 in 2026, and Florida seniors now pay over $3,600
American homeowners will spend an average of about $3,057 on property insurance by the end of 2026, a 4 percent…
Personal Finance
Insurance & Protection
Home insurance climbs to about $3,057 in 2026, and Florida seniors now pay over $3,600
American homeowners will spend an average of about $3,057 on property insurance by the end of 2026, a 4 percent…
Markets & Investing
Banking & Credit Cards
Bank Accounts & Fees
The $35 overdraft fee is mostly gone at big banks, but small banks and credit unions still charge it
Consumers at the largest U.S. banks have seen the traditional $35 overdraft fee all but disappear after federal regulators rewrote the rules governing how those...
Bank Accounts & Fees
Top high-yield savings accounts now pay 4.50% while the national average sits at 0.38%
Savers who keep cash in a standard bank account are earning a fraction of what top-tier alternatives now pay. The gap between the best available...
Fraud & Scams
AI voice-cloning scams cost victims $893 million, and seniors lost $352 million of it
Older Americans lost $352 million to AI-driven fraud schemes last year, accounting for a large share of the nearly $893 million in total losses tied...
Bank Accounts & Fees
Keeping deposits under $250,000 at each bank keeps every dollar covered by FDIC insurance
Anyone holding cash in a U.S. bank account faces a simple but high-stakes dividing line: deposits up to $250,000 per depositor, per FDIC-insured bank, per...
Fraud & Scams
The FBI is warning older savers about a “phantom hacker” scam that talks them into moving money to a “safe” account
Older Americans with retirement savings are losing everything to a fraud scheme the FBI calls the “phantom hacker” scam, a three-stage con in which criminals...
Fraud & Scams
Three men are charged in a scheme that talked Virginia seniors into handing savings to a courier for fake “government verification”
Three men now face federal charges for allegedly convincing elderly Virginia residents to hand over their life savings to a courier who claimed the cash...
Real Estate
Mortgages & Rates
Homeowners 62 and older are sitting on about $200,000 in equity they can tap without monthly payments
Millions of older Americans own homes with significant equity built up over decades of payments and price appreciation, yet most…
Retirement & Taxes
$2.1 trillion sits in 32 million forgotten 401(k)s, and a free federal database can reunite you with yours
ECU Health hospitals leave UnitedHealthcare’s Medicare Advantage network this week, risking big bills
Low- and middle-income savers can claim a tax credit worth up to $1,000 for retirement contributions
Up to $35,000 in leftover 529 college savings can roll into the beneficiary’s Roth IRA instead of being taxed