With interest rates down, time for a refi?

By: Sarah Skidmore Sell
Posted on: July 16, 2019

Interest rates for mortgages are low — really low. As of the first week of June, long-term mortgage rates were down for the sixth consecutive week. The 30-year fixed rate average was below 4%, its lowest point since September 2017. If you’re a homeowner, you may be wondering if now’s the time to refinance. Here’s what to consider: Reason It’s important to know why you want ... READ MORE

How to make your retirement money last

By: Liz Weston
Posted on: July 15, 2019

Many people worry about running out of money in retirement. That’s understandable, since we don’t know how long we’ll live, what our future costs might be, and what kind of returns we can expect on our savings. There are several ways, however, to boost the odds that your money will last as long as you need it. Among them: Reduce ‘must have’ expenses Lowering your fixed... READ MORE

Investing with a conscience is catching on

By: Kelly LaVigne
Posted on: July 12, 2019

Socially responsible investing has really blossomed in the past few years. What used to be viewed as a niche investment philosophy is now firmly planted in the mainstream, with everyday consumers using their dollars to support companies that align with their personal values around sustainability and social progressiveness. But beyond the day-to-day choices — like what stores to... READ MORE

Computer error results in unexpected Medicare bills

By: Eleanor LaiseJul
Posted on: July 11, 2019

It seems like the simple, hassle-free way to pay your Medicare premiums: Have them withheld from your Social Security benefits. But now, about 250,000 people who opted to have their Medicare premiums taken out of their Social Security checks are getting bills for as much as five months of unpaid premiums. Because of “an isolated software issue,” the Social Security Administration... READ MORE

Resources to help cover Medicare costs

By: Jim Miller
Posted on: July 10, 2019

Dear Savvy Senior, Are there any sources you know of that can help me save on my Medicare coverage? I’m 65 and live primarily on my Social Security, and I’m having a hard time paying my Medicare out-of-pocket costs. —Need Some Help Dear Need, There are several financial assistance programs that can help lower-income Medicare beneficiaries who are having a difficult time paying... READ MORE

Hospitals ordered to reveal costs up front

By: Ricardo Alonso-Zaldivar
Posted on: July 03, 2019

President Donald Trump signed an executive order last month that calls for upfront disclosure by hospitals of actual prices for common tests and procedures to help keep costs down. The idea is to give patients practical information that they can use to save money. For example, if a hospital charges your insurer $3,500 for a type of echocardiogram and the same test costs $550 in a... READ MORE