Biggest estate-planning mistakes to avoid

By: Andrew McNair

There are several common mistakes people can make when planning — or not planning — for what will happen with their estates when they die.The legacy you leave can either simplify the process of dealing with your personal and financial property, or it can be a worrisome burden for those you leave behind.So let’s take a look at what you should discuss well ahead of time with ... READ MORE

Startups focus on better aging

By: Rebekah Alcalde

Can you imagine a pair of glasses that can brighten and enlarge whatever you happen to be reading or looking at, responding to your voice commands? Or can you imagine a phone app that summons a trained driver in a wheelchair-accessible van to take you to a doctor’s appointment? Or can you visualize the difference it would make to an Alzheimer’s patient if his caregivers had instant... READ MORE

Why target-date funds are so popular

By: Alex Veiga

When it comes to building their retirement nest egg, investors are increasingly betting on the set-it-and-forget-it approach of target-date funds.Such funds, which are designed to minimize risk over time by gradually shifting from stocks to bonds as an investor’s retirement date nears, hit a record $880 billion in assets last year, according to Morningstar Research... READ MORE

Are you sabotaging your investments?

By: Arielle O’Shea

The stock market has raced to record highs this year, but your portfolio may not show it.In some ways, that’s to be expected: A balanced portfolio won’t post the same returns as the Dow Jones industrial average or the Standard & Poor’s 500, nor should it. You would have to be 100 percent invested in stocks to mirror the market’s performance, and that kind of... READ MORE

Student loan debt hobbling more older adults

By: Anya Kamenetz

Older Americans are shouldering far more of the nation’s debt than in years past.The Federal Reserve Bank of New York released numbers recently showing that the share of all household debt held by people aged 60 and older has almost doubled: from 12.6 percent in 2003, to 22.5 percent in 2016. That’s nearly $3 trillion!Mortgages, auto loans, credit cards, and even... READ MORE

Why pay retail? Bills you can negotiate

By: Liz Weston

The word “bills” used to be synonymous with “fixed expenses.” But there’s nothing fixed about many of the bills a typical household pays today.Some bills have introductory rates that expire, shooting monthly costs skyward. Others offer secret discounts or upgrades to those in the know.Providers constantly tweak their plans and pricing, which means long-term... READ MORE