U.S. Bank will shut down 40 branches across 16 states in 2025. The closures reflect a growing shift toward digital banking, as more customers use mobile apps and online services.
New CD rates show that a $500 deposit in August 2025 could generate notable returns. With interest rates stabilizing, savers have opportunities to grow small investments through secure certificates of deposit.
Millions of older Americans are missing out on up to $2,400 in Medicare savings annually. Available programs can reduce healthcare premiums and prescription costs, but many eligible seniors haven’t applied for assistance.
An estimated 29 million U.S. households may face taxes on home sale profits due to rising property values. Existing exemptions are no longer sufficient to shield many from capital gains liabilities.
A 70-year-old professional with $3.7 million in savings evaluates whether it’s time to retire. This real-world case highlights income planning, Social Security timing, and balancing lifestyle goals with financial security.
Reports warn that Social Security trust funds may be depleted by 2033, leading to possible benefit cuts. Without congressional action, retirees could see reduced payments, raising concerns over long-term financial stability.
In 2025, several states will stop taxing Social Security benefits, offering relief to retirees. This policy change boosts take-home income for seniors, depending on where they live and their taxable income levels.
