Understand the risks inherent in bonds

By: Elliot Raphaelson
Posted on: October 09, 2019

It’s important for investors interested in bonds to understand the potential pitfalls. For example, some don’t realize that there is an inverse relationship between interest rates and bond prices. When interest rates increase, the value of bonds decreases in value, and vice versa. Regardless of the quality of the bond or bond fund you invested in, if interest rates increase... READ MORE

How to submit a complaint and get results

By: Pat Mertz Esswein
Posted on: October 04, 2019

Taking a complaint to customer service can be maddening. No one wants to deal with endless phone trees, outsourced representatives reading from inflexible scripts, automated responses or chatbots. “Despite saying they provide more ways than ever to contact them, companies are building fortresses around themselves so that no one has to interact with you,” said Christopher Elliott of... READ MORE

Is pet insurance a cost-effective purchase?

By: Jim Miller
Posted on: October 03, 2019

Dear Savvy Senior, I own two dogs and a cat that I would do almost anything for. But expensive veterinary bills put a strain on my budget. Is pet insurance a good idea? —Older Pet Owner Dear Pet Owner, If you’re the kind of pet owner who would do anything for their furry family — including spending thousands of dollars on medical care — pet insurance definitely is an option to... READ MORE

Avoid the latest phone and email scams

By: Liz Weston
Posted on: September 13, 2019

Some of us in the personal finance realm have a weird little hobby: We try to scam the scam artists. We’re not out to steal their money — just their time. When fraudsters call to say we’re about to be arrested for tax debt, our Social Security number has been “suspended” or a loved one is in trouble, we play along. This gives us valuable insight into how the scams operate... READ MORE

Considering a timeshare? Don’t you ever!

By: H. Dennis Beaver
Posted on: September 11, 2019

Over the past several years I’ve written about the nightmares that timeshare owners lived through, both when first purchasing — often under physical and mental duress — and then when attempting to get themselves out of their contracts. I had never before said, “Don’t ever buy a timeshare!” But no more. I now believe that because of the nature of timeshare contracts — and ... READ MORE

Beacon celebrates 20th year of 50+Expos

By: The Beacon
Posted on: September 10, 2019

For the past 20 years, the Beacon newspaper has been providing free community education events every fall for readers and their families. Known as the 50+Expos, they are held in both suburban Maryland and Northern Virginia for the convenience of residents throughout the metro area. Between the two events, more than 100 informative exhibitors will provide giveaways and helpful... READ MORE