Some presidential campaign promises are guaranteed to affect the lives and finances of everyday Americans. Banking industry reforms may not seem like one of them.
The need for additional care as a person ages can put retirees and their loved ones in a difficult spot. All parties want to ensure the best possible care, but costs can be a significant worry for people on a fixed income as well as their families.
The high probability of expenses tied to care can leave retirees wondering: How much does assisted living cost? Will insurance coverage take care of assisted living, or will I be paying out-of-pocket?
Staying active in retirement is important, but it's become more difficult in the modern world. We already live in a digital world where most work and leisure are done in front of a computer or TV screen instead of on one's feet, and now the coronavirus pandemic has decreased our opportunities for social and outdoor activities. Everyone's become more sedentary — and that could be a problem for retirees.
Inheritance theft is a serious and underreported problem. You might assume that an estate plan is all you need to ensure that your wishes are carried out. Unfortunately, there are many ways that an unscrupulous family member, executor or trustee could get around your estate — and then it's up to your heirs to resolve the matter in court.
Webull is a mobile-first brokerage platform that offers a unique community-driven experience. Its very well-designed mobile app prioritizes ease of use, helping beginners jump right into the world of investing. However, learning on Webull’s platform is held back by comparatively thin educational materials and only so-so customer service. Meanwhile, a lack of access to common asset classes could limit the app’s usefulness for more experienced investors.
It can be difficult to think about mortality, especially when it comes to parents or other loved ones. But preparing for the legal and financial issues that may arise after a family member's death is an important part of financial planning, and not doing so can cause immense strife within a family.
If you are a named beneficiary in a will, knowing your rights and responsibilities ahead of time can help you navigate some potentially difficult processes. Here's what you need to know.
Founded in 2011, Bitstamp is a well-established cryptocurrency exchange platform with just over 30 available cryptos. While this may be a smaller array than some exchanges, it’s more than enough to satisfy most beginners, and its simplified fee structure makes it an easier (albeit slightly pricier) point of entry for newbies. That sa...
Bond ratings help investors understand the risks involved in buying fixed income securities. They are issued as letter grades by ratings agencies to signal which are more or less likely to reliably make interest payments and return the money they borrowed once a bond reaches maturity.
Figuring out when you and your spouse will each take Social Security retirement benefits can be a complex decision with unintended consequences. It’s important to understand how each spouse’s claiming decisions can affect you both. That’s why it’s important to think through your claiming strategies before either of you are ready to retire.
Taking an early withdrawal from a 401(k), individual retirement account (IRA) or any other tax-advantaged retirement account before age 59½ could have steep financial penalties. Sometimes those consequences might be worth it—and they may even be entirely avoidable. Here’s how to decide if a 401(k) early withdrawal is right for you.
Joint bank accounts can be a convenient way to share expenses with a significant other. By pooling your finances into a joint checking or savings account, you can simplify your shared finances and work together toward mutual goals. But what happens to your joint accounts if the relationship doesn’t last? It’s not always pretty.
The world of investing has long been an old boys’ club. Just look at the language used by men’s and women’s magazines to frame money issues with their target audiences to get a picture of how entrenched this assumption remains.
But just because women have been largely excluded from the investing profession and financial industry didn’t mean they were not investing. The fact is that women have been part of the investment landscape in America from the very beginning, and they were often savvy wealth-builders with excellent investing skills.
Some term policyholders can convert all or part of their term life insurance to a permanent life insurance policy without having to reapply for coverage. If you have or buy a term policy with a conversion feature, you can take advantage of the lower cost of term insurance when your budget is limited, then convert some or all of it to a permanent life insurance policy later. In this way, you can keep coverage beyond the expiration of the original policy's term, and potentially build a cash value.
In a perfect world, budgeting would be an entirely gender-neutral topic. After all, tracking your expenditures and spending less than you earn are universally good budgeting practices, no matter who you are. But the way we talk about money often conforms to gender expectations, rather than simple dollars and cents.
Financial stereotypes of women as frivolous spenders or men as good investors have a pernicious effect on all of us. When we feel that we need to live up or down to what is expected of us, we are less likely to make the best decisions for our own situations and finances