Retirement survey’s surprising results
Retirement planning isn’t the most obvious hook for a love song. “We can rent a cottage in the Isle of Wight, if it’s not too dear,” sings Paul McCartney in the Beatles song “When I’m 64.” “We shall scrimp and save.” Things have panned out slightly different than McCartney, now 82, imagined. With a net worth of $1.3 billion, he’s pretty far from scrimping and... READ MORE
Got Medicare? You have choices to make
Here are some tips for choosing insurance and prescription drug coverage for the coming year during Medicare’s open enrollment period, which opens October 15 and closes December 7. Enrollment in Medicare Advantage plans continues to rise. “Medicare Advantage plans are growing in popularity because they are very good at communicating with consumers and offering benefits like dental, ... READ MORE
2.7 billion IDs hacked in recent breach
You are probably affected National Public Data (NPD) is a private company based in Florida that collects information for background checks. Its databases held 2.7 billion people’s full name, address, date of birth, Social Security number and phone number, alternate names and birth dates and email addresses. NPD was hacked in April, and possibly again this summer, and all ... READ MORE
How to invest when the market is volatile
U.S. stocks are bouncing back after the market experienced its worst day in two years last month, but the average investor may still be understandably spooked. Over a three-day losing streak, the S&P 500 dipped more than 6% before rallying again the next day, up 1.6% in midday trading. “This is what an emotion-driven market looks like,” said Mark Hackett, head of... READ MORE
Be sure to organize documents for heirs
Even if your estate plan is in order, it won’t be of much help to your heirs if they can’t locate important documents when you’re no longer around. Organizing your financial and estate-planning documents — and letting your family know where you’ve stored them — will make it easier for your loved ones to care for you if you become incapacitated, and it will smooth the... READ MORE
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
Money 2024
#Savvy Senior #Retirement #advice #Investments #money #Solutions #Stocks #Legal #EVs #hybrid cars #Domestic #scams #Taxes #pets
