When the Coronavirus Pandemic grabbed us, it hit fast, it hit hard, and there was no time to prepare. It was a crisis bigger than anyone has seen in recent history. In a few short weeks, 40 million workers filed for unemployment benefits. People raided grocery stores, stripping shelves...
As I sit here Monday evening with the Dow having closed down 2000 points and the 10-year Treasury yield around 0.5%, the title of this update seems utterly ridiculous. With the new coronavirus still spreading and a collapse in oil prices threatening the entire shale oil industry, recession is now the expected outcome. Most...
I was having a conversation about retirement health insurance with an acquaintance of mine who just retired. He’s a former corporate executive—an analytical person—who’s always done his homework to avoid as many surprises as possible in the business world. He’s done the same thing with healthcare and decided that a Medigap policy is best...
Financial attitudes are changing with America’s young adults. For decades, parents have taught their kids that part of proper planning included saving for retirement. Saving could be accomplished with investment accounts, individual retirement accounts or any one of a litany of employer-sponsored retirement plans, including the 401(k). But there’s...
One quick glance at the interest rate your bank is paying on your hard-earned savings account balance and you'll turn green. Even though the Federal Reserve has been raising benchmark interest rates for the past three years, the big banks have not followed suit. They are the biggest beneficiaries...
Since the passage of the Affordable Care Act (ACA) in 2010, health insurance has become a four-letter word. There is an unending search to find the best coverage with the most benefits at the best price. It’s hard to wade through the swamp of legitimate plans and protect yourself from the quickly morphing supply...
At the beginning of every year, Americans receiving benefits from Social Security and Medicare find out what changes have taken place and what it means to their bottom line. This year is no exception. For 2019, Social Security recipients get the biggest annual raise they’ve had for quite a while. Some higher-income workers will...
By Danielle Howard, CFP in MarketWatch Danielle takes her plumbing metaphor a bit too far but provides sound advice on intentional money management in retirement. By which she means you need to pay attention to the little stuff, stop the small leaks before you find yourself with a depleted retirement...