Why the Social Security Program Needs Your Support, NOW
Ever thought about what keeps millions of Americans from slipping into poverty as they age? Social Security is one of the most important safety nets in the country, yet many people have never looked closely at how it works. Instead, they assume it’s either not relevant to them or won’t be around when they need it. While it’s easy to not think too hard about Social Security, but it plays a huge role in the United States. Without it, the financial stability of millions—seniors, people with disabilities, and families—would be in jeopardy. For example, the number of senior citizens that would fall below the poverty line would quadruple without it.. With new threats looming over the program, now is the time to understand just how vital it is and why protecting it benefits everyone.
At the end of the day, no one is able to work forever and financial illiteracy is rampant. A huge chunk of the population can’t answer three very basic finance questions; for them, I’d much rather pay the Social Security tax than see any more elderly on the streets.
~Darcy, We Want Guac
Darcy at We Want Guac lays out a compelling case for why Social Security needs urgent support. Despite its popularity, the program faces budget cuts and administrative rollbacks that could significantly weaken it. While opponents argue that it’s too costly or that individuals could get better returns investing on their own, Darcy presents statistics that show it is a gamble most can’t afford. Social Security isn’t just another government program—it’s a reliable, guaranteed source of income that keeps millions out of poverty. The article not only readers people about the importance of Social Security, it encourages them to take action, from staying informed to contacting lawmakers, because the strength of Social Security depends on collective advocacy. Check out the full piece to learn more about how you can help safeguard this crucial program.
How much do you need to be “Set for Life”?
How much money do you need to truly feel “set for life”? It’s a question that sparks plenty of debate because, well, the answer isn’t the same for everyone. Financial security means different things depending on your lifestyle, spending habits, and future goals. Some surveys suggest a magic number in the millions, while others argue that careful planning and smart investing matter more than the amount itself. But at its core, the real question isn’t just about hitting a specific figure—it’s about knowing how much is enough for you to live comfortably and enjoy the freedom you’ve worked hard for.
I can’t imagine having $2M invested at 23 (I might have had $230 invested at this age!) but I could imagine owning a $2M investment portfolio at 53 would be very, very, very good for most!!
~Mark, My Own Advisor
Mark explores this very idea by breaking down different financial scenarios and projections. He discusses studies showing that some Canadians believe they need anywhere from $1 million to $1.7 million to retire, but ultimately, he emphasizes that personal spending habits and financial strategy play a bigger role than any arbitrary number. Using FIRECalc simulations, he examines how a $2 million investment portfolio could sustain different age groups, showing that while younger investors have more time for compounding growth (and potential risks), older individuals with the same amount may be in a much stronger position. The takeaway? There’s no universal “set for life” number—it all comes down to how you plan, invest, and spend. Dive into the full article for deeper insights and practical strategies to figure out your own financial target!
How To Survive A Layoff And Stay Financially Secure
Losing a job can feel like a gut punch—one minute, you’re planning your next vacation, and the next, you’re wondering how to cover next month’s bills. It’s a tough reality that many people face, but the good news is that a layoff doesn’t have to spell financial disaster. With the right mindset and a solid plan, you can turn this setback into an opportunity for growth. Whether it’s tightening your budget, tapping into available resources, or even exploring new career paths, there are practical steps you can take to regain control and move forward with confidence.
A layoff is rarely a personal failure. Most of the time, it’s a business decision based on financial constraints, restructuring, or economic downturns. Understanding how to survive a layoff with resilience and a smart plan can set you up for a better future.
~Kimberly, Love to Frugal
In How to Survive a Layoff and Stay Financially Secure, the author lays out a clear roadmap for navigating the emotional and financial challenges of job loss. The article covers everything from processing the initial shock to making smart financial moves, such as understanding your severance package, applying for unemployment benefits, and cutting unnecessary expenses. It also highlights the importance of updating your resume, optimizing your LinkedIn profile, and networking strategically to land your next job faster. Most importantly, it reminds readers that this difficult period is temporary—and with resilience, resourcefulness, and a bit of frugal savvy, you can come out stronger on the other side. Check out the full article for a step-by-step guide to getting back on your feet and securing your financial future.