kali9 | E+ | Getty Images If you’re retired and are thinking about downsizing or relocating, and it involves buying a home, you might want to look into how you would finance it. You may discover that qualifying for a mortgage is different from the last time you bought a house. Not only have lenders
Personal finance
Justin Sullivan | Getty Images With 74-year-old President Donald Trump testing positive for Covid-19, Medicare beneficiaries may be reminded of their own vulnerability. For the 62.7 million people enrolled in Medicare — the majority of whom are age 65 or older — the coronavirus generally poses a greater health risk. While Congress and regulators have
AJ Watt | Getty Images If you’re worried about Covid-19 and want to virtually check in with your doctor following news of President Donald Trump’s positive test, there’s good news: Many major insurance companies are still waiving fees for such visits. Telehealth, or doctor visits done by video or telephone, have surged in popularity amid
A man fills out paperwork while waiting for his number to be called at an unemployment event in Tulsa, Oklahoma on July 15, 2020. Nick Oxford for The Washington Post | Getty Images Washington lawmakers say they are still optimistic that a coronavirus stimulus deal can go through. But if both political parties do not
katleho Seisa It’s fairly easy to be befuddled by Medicare. With different coverage options, confusing enrollment deadlines and disparate cost-sharing among beneficiaries, ending up with faulty assumptions isn’t hard. However, some mistaken beliefs can be more costly than others. A survey of 1,000 Medicare beneficiaries explored their knowledge and found several misconceptions — related to
More than six months into the pandemic, layoffs show no sign of abating any time soon. undrey | iStock | Getty Images 1. Apply for unemployment You should file for unemployment as soon as possible, experts say. Amid the pandemic, wait times for your benefits can be longer than usual and you want to avoid
Jill Justin is trying to figure out the next move for her business, Jill Justin Dance Alliance, after the pandemic cut business in half. Source: Jill Justin Jill Justin had to think fast when the coronavirus pandemic hit. As the owner of Jill Justin Dance Alliance in Middlesex County, New Jersey, she went from having
sturti | E+ | Getty Images Alfred Abraham has had colon cancer, prostate cancer, open heart surgery and his left eye removed. Yet at 100, he’s still alive and well. Every day, he and his partner Brian eat fruit and salad and go for walks. He and his family were planning a big party to
A young couple going through financial problems Geber86 | E+ | Getty Images As Americans prepare to vote in the Nov. 3 presidential election amid the global coronavirus pandemic, some are wondering if the potential for outsized market volatility is a reason to delay investing in stocks. The U.S. stock market has moved sharply up,
silvana magnaghi | Moment | Getty Images Tens of thousands of job cuts have been announced this week as a result of the ongoing coronavirus pandemic. With 28,000 employees expected to be laid off at Disney and 7,000 to 9,000 jobs cut at Royal Dutch Shell by the end of 2022, job losses are mounting
Amy Blacklock, 52, managed an early retirement by cutting expenses and boosting her salary. Source: Amy Blacklock We all know the advice on retirement planning. The younger you start, the easier it will be, and the less you’ll have to save. Not everyone, however, is able to get that early start. Ironically, the most common
Congress may be poised to head off a potential premium spike for some Medicare beneficiaries. As part of a short-term government funding bill passed by the House last week and expected to be considered by the Senate on Wednesday, any increase in Medicare Part B premiums for 2021 would be capped. While it’s still uncertain
Joe Biden speaks at the National Constitution Center in Philadelphia on Sept. 20, 2020, to make a statement on the nomination for replacement of recently deceased Supreme Court Justice Ruth Bader Ginsburg. Roberto Schmidt | AFP | Getty Images Residents in high-tax states who lost out on a substantial write-off are in good company. Democratic
kate_sept2004 If you’re still waiting on $500 stimulus payments for your children, time is running out to meet a deadline to make sure the government gets that money to you. The IRS has set Wednesday, Sept. 30 for federal beneficiaries who were shut out of those dependent payments to submit their information to the agency’s
U.S. President Donald Trump speaks to reporters during a news conference inside the James S. Brady Briefing Room at the White House September 27, 2020 in Washington, U.S. Ken Cedeno | Reuters Apparently, losing millions of dollars can work in your favor – if you’re President Donald Trump and can hire a team of professionals
Alistair Berg | DigitalVision | Getty Images Once you hit your 60s, it’s time to figure out when you want to retire — and whether or not you can make it happen. By the age of 67, which is when people born in 1960 or later can fully retire on Social Security, you should have
Westend61 | Westend61 | Getty Images With so many companies seeking to cut costs to survive the Covid-19-induced economic downturn, many corporate executives are now weighing the answer to a simple question: “Does it make sense to take an early retirement?” I work closely with corporate executives from a wide range of Fortune 500 companies.
Ariel Skelley | DigitalVision | Getty Images It’s no wonder so many Americans retire down south. The Sunshine State has four of the top five places for retirement, according to the latest WalletHub Best & Worst Places to Retire report. “Florida is a tax haven for everyone, but especially for the elderly, so when it
The U.S. Supreme Court. Phil Roeder | Moment | Getty Images The Supreme Court may soon erase the Affordable Care Act from existence — an outcome that could have far-reaching consequences for American health care. The high court is expected to hear oral arguments in a case seeking to overturn the law, also known as Obamacare,
Jose Luis Pelaez Inc | DigitalVision | Getty Images Oct.1 is around the corner. And even though millions of Americans are living without a steady paycheck amid the pandemic, the bills are still due. Making the situation worse is that fact that Congress hasn’t been able to reach a deal on another stimulus package, leaving