Key Points The IRS estimates that it paid $3.1 billion in fraudulent identity theft refunds in a recent year. Identity thieves can use your information to file fraudulent returns in your name while they pocket the return. Get your personal identification number (PIN) early and keep your paperwork secure to help prevent your personal financial infor...Read More
Key Points Long-term care insurance costs can be managed by adjusting your daily benefit levels. Costs vary by location, so it’s best to get local estimates and determine what benefits you may need. New hybrid insurance products can help you or your family benefit from the policy regardless of whether you use the long-term care coverage or not. Lon...Read More
Female baby boomers shattered glass ceilings and enrolled in colleges that shut out their mothers. They took pills to control how many babies they would bear. Others chose to forgo motherhood and stay single; some married and stayed home to tend to their families. And all this unprecedented freedom of choice got many single female baby boomers to a...Read More
The following are 100 percent true statements: A penny saved is a penny earned. A home is a great investment. Money doesn’t grow on trees. Are you nodding in agreement? Gotcha! According to money experts, there are plenty of money myths like these that get us into trouble and lead to false ideas about money, saving and investing. Even benign ...Read More
Key Points Nearly two-thirds of siblings talk about money with each other While financial conflicts are rare, they usually involve issues regarding parents Uniting to deal with money issues can help protect family assets Talking about money with immediate family members is not always an easy conversation to initiate. Why? For starters, the conversa...Read More
As we get older, the odds of accumulating wealth diminishes simply because the number of remaining years are decreasing. Many seniors today find themselves in dire straits because of a failure to institute sound investment and savings strategies, but also because of outside factors such as the Global Financial Crisis of recent years.
At face value, annuities offer a solid deal: guaranteed income for life. But they are not the most straightforward of products. Annuities can be a cash cow for insurance companies and the people who sell them — making it important for you to understand them and trust your source of information.
When I was a stock broker in California – one of the hottest housing markets in the US – real-estate was my competition. “Everyone” was making money in real-estate so why would they invest in the stock market? I needed an angle I went to the Board of Realtors and got prices for 2-3 and 4 bedroom homes in the area, both at the current pr...Read More
It wasn’t a decision we took lightly. In fact, Billy and I discussed the idea of becoming car-free for several years. There were good reasons to do it: no more maintenance and repair costs; no more fees for insurance, license plate renewal, or registration; no more fuel expense; and no more worry about storing the vehicle here in the States w...Read More
If you’re visiting your mom or dad and see an excessive amount of junk mail, take note: Your parent might be a prime target for fraud. “If your parents’ mail is filled with sweepstakes notifications, free gift offers and more magazines than they could possibly read, chances are good they’re on a ‘sucker list,'” w...Read More
One day you’re celebrating the first day at a new job. The next thing you know, toasts are being raised at your retirement party. With each passing year, the hands on the retirement clock spin faster. That’s why it’s wise to establish milestones — at 10 years, five years and one year out — to fine-tune investment strategies, buffer against market v...Read More