Pros and cons of buying a hybrid auto
If you’re ready to move on from a purely gasoline-fueled vehicle but you’re not ready to go fully electric, you have two choices. You can get a hybrid or a plug-in hybrid vehicle. But which one is best? The experts at Edmunds will help you decide. What a hybrid car offers A hybrid electric vehicle has a gasoline engine, a small electric motor, and a small battery pack that... READ MORE
Practical tips to save money on groceries
If you’ve noticed that you’re paying more than before for the same amount of groceries, you’re not the only one. Inflation is easing slightly, but grocery prices are still high — up 21% on average since inflation started to surge more than three years ago. Unlike some other items, you can’t just stop buying groceries when they get pricey. There’s nothing you can do about... READ MORE
Easy, cheap updates you can do by yourself
So, you’ve been dreaming of updating your home or apartment, but the cost of new flooring or a kitchen remodel doesn’t fit your budget? Check out these simple, inexpensive updates and fixes that’ll give your home a fresh new look, inside and out: For homeowners Replace your front door. This is the first thing guests see when they walk up to your house. So it’s a great place to... READ MORE
Social Security online update not a scam
Dear Savvy Senior, I recently received an email that I needed to update my online Social Security account. Is this legit or is it a scam? —Suspicious Susan Dear Susan, The Social Security Administration did indeed send out a legitimate email recently to notify recipients that they are making changes to the way you access Social Security’s online services, including your... READ MORE
Don’t hold alternative assets in your IRA
In a recent column for InvestmentNews, IRA expert Ed Slott highlighted the potential problems of holding alternative assets in IRA accounts. [Ed. Note: The term “alternative assets” generally refers to illiquid assets, such as real estate, artwork, collectibles and non-publicly traded investments.] Slott explained that, in a recent case involving the estate of the late actor James... READ MORE
Beware AI-generated audio, video fakes
The person at the other end of that video call certainly looks and sounds legitimate. Maybe it’s your grandchild or someone you’ve bonded with in the past. Yes, it’s odd that they’re asking you to send them money or provide sensitive personal information, but you trust them. Just one problem: They’re not real. Their image and voice have been generated through artificial... READ MORE
Why you most likely need a digital will
Dear Savvy Senior, My wife and I had our estate plan — including a will, power of attorney and advance directive — drawn up about 10 years ago, but recently read that our plan should include a digital will too. What can you tell us about this? —Almost 80 Dear Almost, If you or your wife spend much time online, adding to your estate plan a separate digital will —... READ MORE
How to protect yourself from cybercrime
Dear Savvy Senior, I spend a lot of time online. I love the convenience of paying bills, shopping and keeping up with my grandkids on Facebook and Instagram. But a few months ago, my computer was infected with malware, and I just found out some cyber crook opened up a credit card using my identity and went on a shopping spree. Do you have some simple tips to help me stay safe... READ MORE
Book covers every aspect of retirement
I frequently read and review books for readers of my column. I recently read Retirement Watch: The Essential Guide to Retiring in the 2020s (Regnery Capital) by Bob Carlson, a retirement expert. I recommend it. Retirement Watch covers all the essential components of retirement planning, including the main reasons why some retirement plans fail, mistakes retirees make regarding... READ MORE
Expect to inherit an IRA? Plan ahead
Individual retirement accounts represent an important part of the legacy many of us intend to pass on, but inheriting an IRA presents challenges that demand adequate planning and strategies. Notably, the SECURE Act and, more recently, SECURE 2.0 Act have ushered in sweeping changes to retirement and estate planning, especially for those inheriting retirement accounts. Under the new... READ MORE
Money 2024
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