When parents need your financial help

By: Liz Weston
Posted on: December 20, 2019

Most parents in the U.S. provide some sort of financial support to their adult children, multiple surveys have found. But often, financial aid goes the other way. A 2015 survey by TD Ameritrade found 13% of American adults provided financial support to a parent. Millennials were far more likely than older generations to report they were helping their folks. Of people born between 1981 ... READ MORE

Hardships with medical bills is common

By: Ricardo Alonso-Zaldivar
Posted on: December 20, 2019

More than half of seriously ill Medicare enrollees face financial hardships with medical bills, and prescription drug costs are the leading problem, according to a study published last month. The study in the journal Health Affairs comes as legislation to curb drug costs for seniors languishes in Congress and the growing financial exposure of patients with insurance is getting more... READ MORE

Could your tax bill explode in retirement?

By: John Creekmur
Posted on: December 19, 2019

Remember when you first started earning a decent salary, and it seemed as if everybody — your parents, your boss, the nice lady in Human Resources and, of course, your tax preparer — all told you to put as much money as you could into your employer’s 401(k) plan? Grab the employer match, they said. Get the growth that the market has to offer. And take advantage of the tax break,... READ MORE

How to give your portfolio a stress test

By: Anthony Pellegrino
Posted on: December 18, 2019

“You need to manage your stress.” How many times have you heard those words from your doctor or spouse — or maybe said them to yourself? The thing about stress is that the problems it causes often lurk beneath the surface. It’s easy to ignore the effects of stress until they lead to a major health problem — high blood pressure, headaches, stomach issues or even a heart attack.... READ MORE

Cars still more efficient than newer SUVs

By: Tom Krisher
Posted on: December 17, 2019

Yes, your sport utility vehicle has gotten smaller and more fuel efficient over the years. But even with those gains, SUVs are still behind cars when it comes to gas mileage. The reason: SUVs are taller and heavier than cars, and no matter how sculpted their bodies are, they still run into more wind resistance. “It comes down to the laws of physics,” said Jake Fisher, director of... READ MORE

Free stock trading leads to industry shift

By: Stan Choe
Posted on: December 16, 2019

Charles Schwab is buying rival TD Ameritrade in a $26 billion stock swap, a blockbuster agreement brought about by massive disruption in the online brokerage industry. Bowing to competitive pressure, brokerages have recently made it free for customers to trade U.S. stocks online. A combination of two of the biggest players in the industry would allow Schwab to save billions of dollars... READ MORE