Paying them down and managing their financial impact. Total student loan debt in America is now around $1.6 trillion. Since 2008, it has more than doubled. Federal Reserve data states that 44.7 million Americans are dealing with lingering education loans. The average indebted college graduate...
Are you prepared for the possibility—and expense—of eldercare? Do you have an extra $33,000 to $100,000 to spare this year? How about next year, and the year after that? What could possibly cost so much? Eldercare. According to the AARP Public Policy Institute, a year of in-home care...
Plan F is fading away, and Plan G may gain more popularity. Soon, two types of Medigap policies will no longer be sold. Seniors who enroll in Medicare in 2020 or later will be unable to buy Medigap Plan F or Plan C. These are the...
Things you can do for your future as the year unfolds. Which financial, business, or life priorities do you need to address for the coming year? Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific...
What you need to know about this must-do distribution. When you reach age 70½, the IRS instructs you to start making withdrawals from your traditional IRA(s). These withdrawals are called required minimum distributions (RMDs). You will make them, annually, from now on.1 If you fail to withdraw...
Three approaches to analyzing the market. The majority of stock market analysis can be lumped into three broad groups: fundamental, technical, and sentimental. Here’s a closer look at each. Fundamental analysis: The goal of fundamental analysis is to determine whether a company’s future value is accurately reflected...
More professional practices (and practice groups) are looking into them. In corporate America, pension plans are fading away. Only 16% of Fortune 500 companies offered them to full-time employees in 2018, according to Willis Towers Watson research. In contrast, legal, medical, accounting, and engineering firms are...
Considering coverage for your household. A growing family, by definition, means growing financial obligations—both in the present and in the future. Raising children can increase your insurance needs and heightens the urgency for being properly prepared. Auto: When a child becomes a new driver, one option is...
If passed, it would change some long-established retirement account rules. If you follow national news, you may have heard of the Setting Every Community Up for Retirement Enhancement (SECURE) Act. Although the SECURE Act has yet to clear the Senate, it saw broad, bipartisan support in...
Express your wishes for how you are remembered by loved ones. Actor Lee Marvin once said, “As soon as people see my face on a movie screen, they [know] two things: first, I’m not going to get the girl, and second, I’ll get a cheap funeral...