As we approach year-end, countless articles will mull over the events that defined 2021. Hot topics will include the challenges of COVID-19, political dysfunction, social unrest — and the fact that the stock market ignored it all and rose to new record highs. At the very least, it was not a boring year!
But when it comes to financial matters,...Read more
In last week’s column, I provided some holiday gifting ideas for children, ranging from 529 accounts to gift cards for $5 worth of shares in almost any company from Stockpile. But what do you gift grownups, especially to those who already have everything? Or to millennials who already know everything? Consider the following ideas
—Series I ...Read more
My annual holiday money gift column for children and young adults arrives just at the start of the holiday shopping season. In a time when many are hesitant to shop in stores, all of these ideas can be accessed online. And unlike presents that will be quickly outgrown or broken, these gifts are meant to make a lasting impact on young people you ...Read more
This is the time of year when almost everybody needs to make decisions about their healthcare coverage.
Seniors make decisions about prescription drug and all-in-one advantage plans during Medicare's open enrollment. Individuals and families seek coverage under the Affordable Care Act at Healthcare.gov, with new higher subsidies and lower ...Read more
The American Rescue Plan Act enacted last March created a huge revision to the Affordable Care Act (aka Obamacare) that has made the best health insurance more affordable to more Americans, regardless of income.
Even applicants with higher incomes will now be eligible for meaningful subsidies for 2022. And many people with low incomes who were ...Read more
Every year, seniors on Medicare are faced with the task of examining their Medicare coverage and making important decisions. Those who think that Medicare is a one-time enrollment, which then covers everything, are truly mistaken. In fact, Medicare decisions are complex, frequent and far reaching.
For starters, you need to know that Medicare is...Read more
It’s happened to all of us. We receive a text or email from a financial institution that we do business with asking us to click on a link. It all appears so realistic — a logo you recognize, a request to take immediate action.
And that’s how easily you can be scammed in what’s known as a "phishing" expedition. That's the generic term ...Read more
Consumer debt has risen sharply during the pandemic, according to a new survey by Bankate.com. Nearly half of all American adults with credit card debt added to that debt since March 2020. Worst offenders were millennials and Gen Z, whose rising card balances grew far faster than baby boomers and Gen Xers.
Consumer spending is widely credited ...Read more
Few people want to be average. It may be a distinctly American character trait that we want to be outstanding, special, “above average.” Garrison Keillor made a fortune on this hypothesis, writing about the fictional Lake Wobegon, “where all the women are strong, all the men are good-looking and all the children are above average.”
And ...Read more
Parents of high school and college students once again face the difficult task of filling out the FAFSA — the Free Application for Federal Student Aid. The process starts on Oct. 1, and since the “early bird” gets first crack at some scholarship aid and state-specific financial assistance, there’s every incentive to get going right now. ...Read more
While everyone has been watching the stock market bounce around all-time highs, there’s another bull market that has also been in uncharted territory. And while stocks impact all those who have retirement accounts, it could easily be argued that the bull market in housing directly affects even more people, and in more tangible ways.
If you ...Read more