California Ended Its Medicaid Long-Term Care Asset Test. What Happened?
This year, California took the second of two steps to allow residents with unlimited assets to participate in its Medicaid long-term services and supports (LTSS)…
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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.
Aging Parent Facing Mental Illness Controls Family’s Wealth: What Can Be Done?
It is not surprising that we find mental illness across all age ranges. Being over 65 is no exception. Some…
Probably No Surprise: Medicare Part B Will Cost More In 2025
On November 8, the Centers for Medicare and Medicaid Services announced the Medicare premiums and costs for 2025. Let’s take…
Trump Presidency: Yes, Estate Planning Is Still Important
President Trump’s Victory Means Estate Planning Changes, Not That it Should Be Ignored With President Trump’s victory, and Republican control…
Wake Up: It’s Time To Check Out Your 2025 Part D Drug Coverage
The annual Open Enrollment Period ends December 7, just 30 days from now. Traditionally, fewer than 30% of drug plan…
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Gobble up savings: Smart tips to cut costs this Thanksgiving
'Tis the season to gather and give thanks without breaking the bank. High grocery prices and travel expenses may threaten to put a dent in…
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Choose Your Medicare Open Enrollment Advisor Carefully
It’s Medicare Open Enrollment Period. As I wrote earlier, Open Enrollment this year is unusually…
Siblings, Step-Siblings And Difficulties With Aging Parents
Blended Families May Be At Greater Risk For Family Disputes Sometimes money and the need…
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Mortgage rates rise for fifth straight week
Mortgage rates continued their upward climb this week, leaving demand essentially flat in the stagnant…
Surprising Strengths In All Economic Areas Undergird GDP Growth
Most economists who had to describe healthy, stable growth would end up largely describing today’s…
Elderly Mom Gets Ripped Off By Donation Solicitors
Daughter of elderly mother (EM) called in a bit of a panic. She had just…
Can Financial Planning Really Be Life-Changing?
If you asked 100 people what the purpose of financial planning is, the reflexive answer…
Advice From Experts About Making Friends After Retirement
When’s the last time you made a friend? Not just someone you see at work,…
How To Slash Taxes On Employer Stock In A 401(k) Plan
There are significant tax-reduction opportunities available when employer stock is held in a 401(k) plan.…
In This Issues
IRS Announces Retirement Contribution Limits Will Increase In 2025
The IRS has announced that the amount of tax-favored funds that you can sock away for retirement is increasing. In…
Social Security And Medicare Changes For 2025
2025 Medicare Changes Every year there are changes to Medicare Advantage Plans and Social Security. Most years the changes are…
Try This Guide To Design A Satisfying And Happy Retirement
The whole point of retirement is to improve your life—at least, that’s the case for most people. However, many people…
Why ‘Aging In Place’ Is Not Always A Good Plan
Most people at or near retirement age will say they want to remain at home as long as possible. That…
Mortgage rates rise for fourth straight week
Mortgage rates continued their upward trajectory this week, climbing for a month straight while further pushing down demand in the…
Apple and Goldman Sachs ordered to pay $89M over Apple Card failures
The Consumer Financial Protection Bureau (CFPB) on Wednesday ordered Apple and Goldman Sachs to pay $89 million over mishandled transaction…
Bipartisan Concerns Unite Americans On Retirement Security
The upcoming election is only days away, and the two presidential candidates remain in a statistical dead heat. Control of…
Will We Ever Expand Medicare To Cover Home Care For Elders?
Subsidizing home care for aging adults has been discussed in decades past. Now it is part of the political discussion…
Credit card companies now charging extra fees for paper statements
A new push to move credit card users to a digital statement will now come with a penalty for those…
Trump Would Undermine Social Security By $2.3 Trillion
As the 2024 election approaches, candidate Vice President Harris and Former – President Trump promise to protect Social Security, but…
Why mortgage rates are going up despite the Fed's interest rate cut
Americans saw mortgage rates soar during the Federal Reserve's aggressive campaign to fight inflation, leading many to hope for a…
The Financial Planning Recommendation Every Person Needs
There aren’t many absolutes in financial planning. There are, however, many—MANY—opinions. Advisors, personal finance gurus, and online opine-ers regularly die…
How IRAs Can Help Retirees Reduce Or Avoid Estimated Tax Penalties
Estimated tax requirements are a frequent problem for retirees, with many incurring penalties for underpaying their estimated taxes. Fortunately, there’s…
Biden administration forgives $4.5 million in student debt for 60,000 borrowers
Another 60,000 student loan borrowers will receive student loan relief in the coming weeks. The Biden Administration announced $4.5 billion…
7 Common Retirement Spending Mistakes To Avoid
Many pre-retirees and retirees make serious mistakes regarding their retirement income and spending for living expenses. This is very understandable,…
Insulin Coverage: What Medicare Beneficiaries Need To Know For 2025
Since January 1, 2023, there has been a cap on insulin for Medicare beneficiaries. The cap applies to those who…
Mortgage rates march higher for third straight week
Mortgage rates continued their upward climb this week, further hindering demand in the housing market amid elevated rates and high…
Biden rolls out $4.5B more in student loan handouts for over 60,000 public workers
The Biden-Harris administration on Thursday announced another round of student loan handouts, removing $4.5 billion in debt for more than…
Did The Medicare Prescription Payment Plan’s Fix Make It Worse?
The Medicare Prescription Payment Plan (MPPP, M3P or MP3) will take effect January 1, 2025. It will allow those who…
Lucid shares tumble following public offering of nearly 262.5 million shares
Shares of Lucid Group dropped by more than 10% during after-hours trading following the electric vehicle startup announcing a public…
Harris distances herself from Biden, bashes Trump in tense Fox News interview
Kamala Harris on Wednesday distanced herself from President Joe Biden and bashed her Republican presidential rival Donald Trump in a…
Intel is a security risk for China, says influential industry group
Intel products sold in China should be subject to a security review, the Cybersecurity Association of China (CSAC) said on Wednesday, alleging the US chipmaker…
Medicare Open Enrollment Is Full Of Surprises And Traps For Members
The start of the Medicare Open Enrollment Period revealed major changes in the availability of plans and pricing. The biggest…
Alibaba’s international arm says its new AI translation tool beats Google and ChatGPT
BEIJING — Chinese e-commerce giant Alibaba's international arm on Wednesday launched an updated version of its artificial intelligence-powered translation tool…
