Buying long-term-care insurance is usually a smart way to protect your finances and your family from the potentially massive cost of care. But after paying premiums for years, you don’t want the insurance company to hassle you — or your children — when you submit a claim. In many cases, 20 years or more have […]
Oil prices tend to see sustained gains following Middle East crisis events, while stocks eventually churn higher as safe haven assets gold and Treasurys fade from their initial pops, according to historical analysis. Crude prices jumped roughly 3% on Friday after a U.S. airstrike in Baghdad killed Maj. Gen. Qasem Soleimani, Iran’s top military commander. […]
The acronym “FAFSA” trended on social media Friday as some students who recently completed the Free Application for Federal Student Aid worried — incorrectly — that filling out the form had made them eligible to be drafted into the military. Interest in the topic surged after a U.S. drone strike ordered by President Trump killed […]
If your’re looking to build more wealth in 2020, money won’t simply appear — you’re probably going to have to make some changes to reach your goals. Here are five lifestyle changes that have helped self-made millionaires get to where they are today. If they worked for them, they could also work for you. Generate […]
If given the choice, would you rather lose 5 pounds or save $5,000 this year? When asked that question, most people (84 percent) said saving money would be the higher priority, according to a recent report by Fidelity Investments. The online survey of 3,000 adults indicates that American families want to pay down debt (51 percent) […]
The stock market surged in 2019, closing out the end of the decade by posting its best annual gain in six years. But investors hypnotized by the prospect of big profits should temper any knee-jerk reaction to load up on stocks as the new year gets under way. Charlie Fitzgerald, a financial advisor at Moisand […]
Retirement is a pleasant prospect to look forward to, but if you go into it carelessly, you may wind up miserable and cash-strapped rather than laid-back and content. To give yourself a better chance of landing in the latter scenario rather than the former, you’ll want to follow these important rules. 1. Know how much […]
Your expenses don’t end when your paychecks do, but creating a reliable income stream in retirement can be tricky. The right choices can result in sustainable income for the rest of your life. The wrong choices could leave you uncomfortably short of cash. In fact, retirement includes so many important, potentially irreversible decisions that most […]
Before moving all your assets from a traditional individual retirement account to a Roth version, you might want to consider leaving some behind. Yes, Roth IRAs grow tax-free, qualified withdrawals are untaxed and the accounts come with no lifetime required minimum distributions, or RMDs. However, traditional IRAs offer some potential tax benefits that disappear once […]
Social Security benefits can have a major effect on your retirement, particularly if your savings aren’t as robust as you’d hoped they’d be by the time you retire. But in order to make the most of your benefits, it’s important to understand how the Social Security program works. These jaw-dropping statistics can shed some light […]
The 2010s have come to a close, but they were very kind to many people financially, as the stock market recovered from the worst recession in 70 years and core unemployment fell to extremely low levels. Yet as we begin a new year and a new decade, most of us still have more work to […]
For many people, coming up with funds to cover major unexpected expenses is a difficult task. Many people can only raise emergency funds by either going into debt or selling an important asset. If you’re one of those people, creating an emergency fund should be at the top of your financial goals. “Stacking away some […]
