Ask these questions of financial advisers

By Kate Ashford
Posted on August 16, 2023

Using a financial adviser for your investment needs is 100% on brand, but what about the other parts of your retirement life? For example, a third of people ages 64 and up have a financial adviser, but only 2% of them asked their adviser to help with their Medicare choices, according to a July 2022 report from healthcare consulting firm Sage Growth Partners. But Medicare and other... READ MORE

Lessons learned from a job search at 77

By Taya Jackson
Posted on August 08, 2023

I’m female, 77 years old and, so far, retired. For the past couple of years, my finances have been going backward, thanks to some expensive decisions, i.e., concierge medical services, along with the rising prices everyone is facing. Maybe it was the residual effect of the pandemic, but it was clear something had to change. I nagged myself daily that I needed more order in my life. I... READ MORE

To fix Social Security yet protect benefits

By Elliot Raphaelson
Posted on August 04, 2023

In the May 15 issue of Barron’s, Burton Malkiel, an expert in investments, wrote an article that should be mandatory reading for all members of Congress. Many readers of my column who are dependent on Social Security are concerned — and rightly so — that some Social Security benefits may be reduced in the future. There is no question that the trust funds for Social Security have ... READ MORE

Protecting yourself from Medicare fraud

By Family Features
Posted on July 25, 2023

Anyone on Medicare is at risk of Medicare-related fraud. Watch out for scammers who steal Medicare numbers and other personal information to exploit beneficiaries’ benefits. Broadly speaking, Medicare fraud occurs when someone makes false claims for healthcare services, procedures and equipment in order to obtain Medicare payments. Medicare fraud costs taxpayers billions of dollars and ... READ MORE

Simplify and reduce your money ‘clutter’

By Liz Weston
Posted on July 20, 2023

Professional organizers might define household clutter as a pile of unmade decisions. Money clutter is much the same. Those credit cards you no longer use but haven’t closed? That’s money clutter. So is the retirement account you left behind three jobs ago, and the financial paperwork you keep but no longer need. You can simplify your financial life by streamlining how you manage... READ MORE

You’ll probably live longer than you think

By Liz Weston
Posted on July 07, 2023

Women often don’t score as well as men in surveys of financial literacy. One area where they seem to do better is “longevity literacy,” or understanding how long they’re likely to live. Longevity literacy is essential to smart retirement planning. Overestimate your longevity, and you could retire too late or scrimp too much. Underestimate it, and you could run short of... READ MORE

Your credit score affects mortgage, more

By Erin Bendig
Posted on June 22, 2023

Becoming a homeowner has become increasingly more challenging for many, with monthly housing payments recently hitting a record high of $2,563 — a 29% increase from 2022. Sky-high mortgage rates, which are expected to keep climbing, have left both homebuyers and owners feeling increasingly pessimistic about the housing market outlook. So, if you’re in the market for a mortgage or a... READ MORE

Less restrictive options to guardianships

By Ryan Sellers
Posted on June 15, 2023

We’ve all read stories about Britney Spears, Amanda Bynes, Brian Wilson of the Beach Boys and other famous people who lost control over their own lives. These individuals were legally stripped of their autonomy, and another person was vested with the power to manage their finances, medical choices and other life decisions. Guardianships — also referred to as conservatorships — are... READ MORE

Banks are starting to pay savers again

By Ken Sweet
Posted on June 14, 2023

Americans are finally reaping some benefits from keeping their money in the bank. Banks are paying up for savers’ deposits in a much bigger way than they have in more than a decade, based on recent earnings reports from the nation’s biggest banks. After a decade of low interest rates, the Federal Reserve has unleashed a rapid series of rate hikes to combat inflation, pushing up... READ MORE

I love you, but not your ‘I Love You Will’

By Allison L. Lee
Posted on June 12, 2023

Are you and your spouse planning to write your wills this season? Congrats! Will-writing is one of the most loving things you can do for each other and for all the people and causes that matter most to your life. But if you’re thinking about implementing simple “I Love You Wills,” read on. While this simple will plan design can work well for many couples, for others, the practical... READ MORE