How Adult Children Can Help Aging Parents Prepare For Disasters
The devastating wildfires that are ravaging Los Angeles are a stark reminder of how vulnerable older adults can be during disasters. Tragically, some elders who…
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Your best advisor to finance and money management.
Explaining Finance is your one-stop website for the latest news, updates, and tips about finance.
Will 2025 See More Action On Retirement?
Last year, Southwest Airlines pilots approved a new contract under which pilots earned a substantial pay increase: a 50% salary…
Mortgage rates rise for fourth straight week, inching closer to 7%
Mortgage rates ticked up for the fourth straight week, climbing toward 7% as elevated rates and high home prices continue…
InnovAge And Sacramento, California Score Big With PACE Programs
In early November I was invited to tour the Sacramento, California PACE operation. PACE is an acronym that stands for…
How credit card swipe fees are affecting shoppers
Credit card swipe fees, which are among the highest operating costs for retailers, are taking a bite out of household…
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If You Are Retired, Do You Have A Will—An Ethical Will?
In workshops, I like to ask participants if they have a legal will—a written document that outlines how they want to distribute their financial assets.…
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Biden cancels more student loans with one week left to his term
As President Joe Biden's term draws to a close, he has granted federal student loan…
Don’t Need Your 529? Turn It Into A Roth IRA
Don’t Let Your 529 Go To Waste If you set up a 529 education plan…
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How To Make Your Family’s Wealth Last For Generations
By Rachel Leland, Next Avenue While reliable data shows that the very rich are, for…
Why Increased Longevity Means You Need To Rethink Your Retirement
It’s no secret that many people today are living longer compared to previous generations, extending…
5 New Years’ Resolutions For Retirees
It’s always a good idea to revisit your retirement plans to see how you can…
Last-Minute Gift (For A Lifetime) Idea: A Child IRA For Your Kids Or Grandkids
The gift-giving season is upon us, and if you’re like many, you’ll be looking for…
Mortgage rates rise for second straight week, highest since July
Mortgage rates spiked this week to the highest level in five months, ending the year…
Top personal finance New Year's resolutions for 2025
The elevated inflation in recent years continued to wreak havoc on many Americans' wallets in…
In This Issues
Year-End Tax Strategy: A Child IRA Can Help Reduce Your Tax Liability
As the end of the year approaches, you should be asking yourself what tax strategies you might be missing out…
US credit card defaults soar to highest level in 14 years
Experts are sounding the alarm over a new report indicating credit card loan defaults soared this year, warning the dam…
Corporate Transparency Act Filing Requirements Reinstated: Act Now
Overview The Corporate Transparency Act (CTA) filing requirements have been reinstated and most filings will now be due January 13,…
The Little-Known Stealth Tax That Bites Retirees And Near-Retirees
There’s a Stealth Tax retirees and near-retirees often don’t know about until they inadvertently trigger it, costing them a lot…
GOP Budget Squabble Puts The Older Americans Act At Risk
The Older Americans Act, the umbrella federal law that includes programs such as Meals on Wheels, senior transportation, information services,…
Why You May Need To Rethink Your Retirement, Work, And Spending
Most workers approaching their retirement years haven’t saved enough money to retire full time at age 65 and continue their…
New Proposal Would Require Insurance Agents To Disclose More About Medicare Advantage Plans
The ability to switch Medicare plans isn’t as available as many beneficiaries are told or believe, and the Centers for…
How To Handle Manipulative Aging Parents: Guilt, Money, And Power
Helping aging parents can be a difficult journey as they age. Some elders are relatively simple, though always work, while…
Mortgage rates rise, hitting demand
Mortgage rates climbed this week, sending overall demand lower as more Americans balked at refinancing. Freddie Mac's latest Primary Mortgage…
What Do Family Caregivers Really Want? Cash.
Ask family caregivers what sort of government support they want and their answer is clear: They want upfront cash. Not…
The Federal Reserve announced a third rate cut; fewer are expected in 2025
The Federal Reserve just cut interest rates one more time this year. In their recent meeting, the Fed decided to…
Biden administration reverses course, reopens income-based student loan repayment programs
Two student loan repayment plans have been reopened for enrollment by the Department of Education (DOE) following a federal court…
How Older Workers Can Overcome A Stalled Career And Stay Ahead
By Lin Grensing-Pophal, Next Avenue Mary has worked in marketing at a major health care organization that is committed to…
Consumer watchdog warns companies against devaluing credit card rewards, launches tool to avoid scams
A federal consumer watchdog is warning that certain credit card companies may be illegally devaluing accrued rewards such as points…
Americans Value Digital Assets At $191,516, But Awareness Still Lags
People often associate the entire realm of digital assets with Bitcoin or cryptocurrencies, but digital assets are much more than…
Retired? Time To Put Your Wisdom To Work
Throughout history, elders in cultures around the world were the ones who were responsible to think about the future, pass…
A Book—And A Mental Model—For A Happier, Healthier, Wealthier New Year
Recently, I had the privilege and pleasure of meeting with Dr. Daniel Crosby, the author of several great books, including…
Century 21 CEO optimistic over 2025 real estate market: Here's what buyers 'don't realize'
As consumers patiently wait for mortgage rates to settle, the Century 21 Real Estate CEO is flagging consumers about "positive…
IRA Tragedies: 4 Cases Show The Pain Caused By Overlooking Simple Details
Many people are surprised and shocked when they learn what happens when retirement account owners neglect simple details about the…
Personal finance expert breaks down the No. 1 rule on the road to becoming a millionaire
If you want to set yourself up for success in retirement, personal finance expert and "The Ramsey Show" co-host Rachel…
Make Your Gifts Count For More By Having A Giving Plan
Charitable giving often isincluded in financial and estate plans, and this is the time of year when there’s an increased…
Medicare Advantage Plans Have Two Caps
Last month, I was talking with a friend about his Medicare Advantage plan for 2025. He will begin taking a…
Caring For Aging Parents With Alzheimer’s Disease? How AI Can Help
Alzheimer’s disease impacts nearly 7 million Americans today, and over 11 million family caregivers shoulder the responsibility of caring for…
Time To Budget For 2025 Medicare Costs
As 2024 draws to a close, it’s time to plan for the New Year. One important budget item that many…
