Family Finances

Social Security 2017 Cost of Living Adjustment

The Social Security Administration recently announced that monthly Social Security and Supplemental Security Income (SSI) benefits will increase 0.3 percent in 2017. This cost-of-living adjustment (COLA) will begin with benefits payable in January 2017. Increased [...]

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Food Prices Dropping

The United States Department of Agriculture tracks a diverse basket of food prices each month in order to determine where price changes might affect consumers and their eating habits. No matter what age or demographical [...]

Demographics and Spending

Demographics play a significant role in how much we spend and how we spend it. Spending is primarily dictated by age where different needs and life essentials change and evolve as consumers grow older. Housing, [...]

Explanation Of The New Fiduciary Rules

A significant regulatory announcement was made in early April by the Department of Labor and the Securities & Exchange Commission about who can actually advise on retirement accounts. The accounts affected include IRAs, SEPs, pensions, [...]

Retirement Plan Limits For 2016

For 2016, the elective contribution limit for employees who participate in 401(k)s will remain the same at $18,000 for the year. That’s the amount that a saver can contribute annually on a tax-deferred basis, and [...]

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