Refusing to pay hurts you more than them
Oh, the injustice of it all. Who among us hasn’t felt abused as a consumer? We get billed for stuff we didn’t receive, or that doesn’t work, or that didn’t live up to its hype. Companies charge us unexpected fees and insist the costs were revealed in the fine print. Health insurers take customer disservice to a whole new, awful level, inexplicably refusing to pay for services... READ MORE
Reporting a tax-free transfer from your IRA to charity
Question: I have to take a $20,000 required minimum distribution from my Vanguard IRA this year. I’d like to give $5,000 tax-free to a charity and withdraw the remaining $15,000 for myself. online pharmacy buy flomax no insurance with best prices today in the USA A Vanguard rep said it would send me a check for $15,000 payable to me as well as a $5,000 check made payable to the... READ MORE
How retirement savers can reduce RMDs
Required minimum distributions (RMDs) are the congressionally-mandated, annual taxable withdrawals from retirement accounts required of savers after they reach the age of 70½. The rules surrounding how and when to take RMDs are complicated and arcane, and taking them creates a ripple effect throughout your financial plan that could set you up for some unpleasant surprises. Those who... READ MORE
An alternative to Medicaid spend-down
Picture this: Your spouse has made a permanent move to a nursing home. You don’t have long-term care insurance, Medicare won’t cover the cost, and you have too much money to qualify for Medicaid — but not nearly enough to afford the nursing-home bills. The monthly tab — easily $8,000 or more for a semi-private room — is rapidly depleting your nest egg. Now what? This is where a ... READ MORE
Banks inch up depositor interest rates
Slowly, but surely, being a saver is paying off again. For years after the recession, banks paid next to nothing on deposits — much to the detriment of savers everywhere. Now, banks have increased lending and need more deposits, so they’re willing to pay higher interest rates. The big publicly traded banks are paying roughly 0.40 percent on their deposits right now, which is up... READ MORE
More risks stemming from hack of Equifax
Long after the Equifax breach was announced, people were still struggling to freeze their credit reports as credit bureau websites failed, lured people to look-alike products, or even redirected visitors to download malicious software. But that’s just the start of the gauntlet people may have to run to protect their financial lives. The Equifax hack exposed the names,... READ MORE
Are your bonds lowering or raising risk?
Most retirees hold a mix of stocks and bonds, assuming that their bonds will not only generate income but also cushion the fall if stocks crash. But are your bonds really taming your portfolio’s risk — or amping it up? For much of the past two decades, bonds could be depended on to zig when stocks zag. But now, some analysts and money managers are warning that the correlation between ... READ MORE
Making the most of your donor dollars
This year’s seemingly endless string of natural disasters has inspired countless acts of heroism and generosity. But as the year-end giving season begins, some philanthropy experts worry that a phenomenon known as “donor fatigue” could affect individuals’ willingness to support other worthwhile causes. Many global crises don’t get much news coverage in the U.S. For example,... READ MORE
Calculating the true cost of divorce at 50+
You’re sitting across the kitchen table from your spouse, when she informs you that she wants to separate. After decades of marriage, you’re facing divorce.While becoming unwillingly single can be difficult at any stage of life, splitting up after the age of 50 can be doubly devastating, because you have a limited amount of time to financially recover before retirement.According ... READ MORE
Several good reasons to buy used goods
Bedbugs. Weird smells. The possibility of imminent breakdowns. People have all sorts of excuses for not buying used stuff.Those who deliberately buy used items, though, say such fears are not just overblown — they’re also expensive. online pharmacy actos no prescription Katy Wolk-Stanley, a labor and delivery nurse, has a short list of things she’ll buy new, including... READ MORE
