Tag: MakeMoney - Page 29

#MakeMoney

Emily Rogers

Why Only 1% Are 401(k) Millionaires

Did you know there are more 401(k) millionaires than ever? But here’s the catch: it’s mostly folks with cushy jobs and steady paychecks stacking up those seven-figure balances. Meanwhile, most people are just trying to get by, with the typical 401(k) hovering around $55k. The real money hack? If you can, automate your savings and stick with it—consistency beats chasing hot stocks. But let’s be real: not everyone gets the same shot at that millionaire club. #Business #MakeMoney #MoneyTalk

nkent

Will Social Security Run Out Before You Retire?

Here’s your coffee break scoop: Social Security is running low on cash, and raising the income cap (so high earners pay more) could help—but it’s not a magic fix. Even if the government taxes more of those big paychecks, the system still faces a crunch as more people retire and live longer. So, while the cap hike might buy us time, real change means tough choices on who pays more or gets less. Keep an eye on those paycheck deductions! #Business #MakeMoney #SocialSecurity

Willie Morales

Heads Up: Student Loan Paychecks Hit Soon

Coffee break alert: If you’ve got unpaid student loans, your paycheck could take a hit starting January 7. The government’s dusting off its old collection playbook and is about to start taking a slice of wages from folks who’ve defaulted. The drama? After a long pandemic pause, collections are back, and millions could see less in their bank accounts. If you’re behind, now’s the time to check your options before the garnishments kick in! #Business #MakeMoney #StudentLoans

Kathryn Olsen

Student Loan Forgiveness? Watch Out for Taxes!

Thinking your student loans will just disappear? Not so fast! If you’re close to getting your loans forgiven, you might get hit with a surprise tax bill unless you finish payments before 2026. That’s because a tax break on forgiven loans just expired. So, if you’re on the home stretch, try to wrap it up soon—or budget for a possible tax “gotcha” when the debt is wiped out. Debt relief is sweet, but taxes are always lurking! #Business #MakeMoney #StudentLoans

Emily Rogers

Money Moves for the New Year: Real People, Real Wins

Thinking about your 2026 money goals? Here’s the scoop: folks are ditching vague resolutions and making simple, trackable plans—like saving $10 a week or finally checking their credit report. One couple even sold their house to tackle debt! The big shift? People are focusing on realistic steps, not perfection. Whether you want to build an emergency fund, save for a trip, or just stop splurging on TikTok trends, start small and keep it real. Your future self will thank you! #Business #MakeMoney #MoneyGoals

nkent

Don’t Let the IRS Crash Your Retirement Party

Here’s a quick money tip for your next coffee break: If you (or your parents) are in your 70s and have a retirement account, don’t forget to take out your required minimum distributions (RMDs). Vanguard says a surprising number of retirees are skipping this step, leading to painful tax penalties—sometimes thousands of dollars! The fix? Set up automatic withdrawals or combine your accounts so you don’t miss out. Think of it as putting your retirement on autopilot and avoiding a nasty tax surprise. #Business #MakeMoney #retirement

James Cook

Tax Refunds Could Be Bigger in 2026!

Heads up, tax filers! Your 2026 refund might be fatter by about $1,000, thanks to new rules that ditch taxes on tips and some overtime. That means more money back for your next vacation or splurge. Pro tip: hang onto your last paystub this year to track your extra earnings. Filing opens early 2026, and most folks see their cash within three weeks. Cheers to a little financial breathing room! #Business #MakeMoney #taxrefund

Willie Morales

Bills Keep Growing? Here’s How to Fight Back

Ever feel like your paycheck disappears faster than your coffee? When rent, utilities, and other must-pay bills creep up, your fun money shrinks. Even a small hike in your fixed expenses can turn your budget into a stress fest. The real trick? Track those sneaky bills, use budgeting apps, and don’t be afraid to call and negotiate. Every dollar you save is a dollar you can actually enjoy! #Business #MakeMoney #MoneyHacks

Christine Baxter

Will Your Social Security Check Shrink?

Heads up for anyone counting on Social Security: there’s talk in D.C. about tweaking the annual cost-of-living bump (COLA) to help keep the program afloat. The idea? Cap those inflation raises for higher-income retirees, so the trust fund lasts longer. If you’re living on Social Security alone, you’d likely still get the full boost, but if you’ve got a bigger nest egg, your future checks might not keep up with rising prices. It’s a tradeoff: smaller raises for some now, to avoid bigger cuts for everyone later. #Business #MakeMoney #SocialSecurity

Diane Carter

Tax Refunds & Credits: What’s Actually Coming in January?

Heads up: Nearly a million people are getting tax-related payments this January, but don’t expect a surprise windfall. Most of these are long-promised refunds, state credits, or back payments—especially for folks in Pennsylvania and New York. The catch? There’s a lot of confusion about who really qualifies, and viral rumors about new IRS checks are mostly just noise. If you’re counting on extra cash, double-check your eligibility and don’t fall for social media hype! #Business #MakeMoney #TaxRefund

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