The financial news that actually matters
For most retirees, Medicare Part B never arrives as a separate bill in the mailbox. The premium is subtracted from the monthly Social Security payment before the money ever lands in a bank account, which is why the deposit that shows up is smaller than the gross benefit figure printed on an annual statement. The…
The earliest age most Americans can start Social Security retirement benefits is 62, and a large share of workers take the offer the month it becomes available. What often goes underweighted is that the choice follows a person for life: a check started early stays smaller in every month that follows, for as long as…
A rule that would have forced the biggest banks to cap overdraft fees at a few dollars is gone, undone by Congress before it ever took hold. With the cap off the table, large banks retain wide discretion over what they charge when an account slips into the negative, and the typical fee sits far…
A backyard grilling staple has landed at the center of one of the summer’s largest consumer recalls. Conair has expanded its recall of Cuisinart wire-bristle grill brushes to roughly 3.6 million units after more reports that small metal bristles can break off, cling to a grill grate or food, and be swallowed. Owners are entitled…
The collection machinery behind defaulted federal student loans reaches further than many older borrowers realize, and it now touches a growing number of retirement checks. More than nine million federal student-loan borrowers are in default, and the government has a legal path to withhold part of a monthly Social Security payment to recover the debt….
A divorce does not always sever the tie to a former spouse’s Social Security record. When an ex-husband or ex-wife dies, the surviving former spouse can often claim a survivor benefit on that record, provided the marriage cleared one important bar: it lasted at least ten years. For older Americans who were married for decades…
The 2024 campaign promise was blunt: seniors would stop paying tax on their Social Security benefits. The law that followed did not do that. The One Big Beautiful Bill Act, signed in July 2025, left the decades-old formula for taxing benefits untouched and instead created a separate, temporary tax deduction aimed at older filers. For…
One of the most valuable moves in Social Security is also one of the least understood, and it belongs to widows and widowers. A surviving spouse can start collecting a survivor benefit on a late husband’s or wife’s record while leaving her own retirement benefit untouched, letting it grow year after year until it hits…
Federal funding runs out at the end of September 30, and if Congress does not pass a spending measure in time, large parts of the government would shut their doors on October 1. For the tens of millions of retirees who depend on a monthly check, the reassuring part is that a shutdown does not…
Every fall, some Medicare Advantage plans stop serving certain counties or shut down entirely, and the members left behind assume their choices have narrowed to whatever plan is still standing. A quieter federal protection says otherwise. Losing a Medicare Advantage plan when the insurer pulls out unlocks a guaranteed-issue right to buy a Medigap supplement…