2025 Personal Finance Outlook: 7 Predictions For The Year-Ahead
Year-end is a time for holiday cheer, introspection, and Wall Street strategist predictions for the market. As I try to emphasize to my clients, these…
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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.
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 their retirement years well into…
5 New Years’ Resolutions For Retirees
It’s always a good idea to revisit your retirement plans to see how you can make changes that can help…
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 a last-minute gift that isn’t…
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 slightly higher than where they…
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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 on. Depending on your situation,…
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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…
What Do Family Caregivers Really Want? Cash.
Ask family caregivers what sort of government support they want and their answer is clear:…
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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…
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…
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…
Retired? Time To Put Your Wisdom To Work
Throughout history, elders in cultures around the world were the ones who were responsible to…
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…
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…
In This Issues
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…
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…
How Wealthy Do You Want To Be? Insights From Whole Foods Founder, John Mackey
In a recent interview with Shane Parrish, Whole Foods founder John Mackey talked a lot about wealth—what it means to…
How Big Will The Raise Be For Social Security In 2025?
The Biden administration appears to have pulled off the elusive economic soft landing, getting inflation in check without crashing the…
Is Social Security’s Windfall Elimination Provision (WEP) Fair?
This article is written to provide you with the reasoning for the Windfall Elimination Provision (WEP). There has always been…
How Long Do You Want To Live In Retirement?
“I don’t want to live a long time. My parents really suffered in their final years.” I’ve heard this sentiment…
Want to buy a home in 2025? Here's where mortgage rates will land
Mortgage rates are expected to come down next year, but the decline is unlikely to be enough to provide relief…
When Aging Parents Refuse To Move: How To Overcome Resistance
It Happens With Aging Parents At A Distance Like many adult children with aging parents, the brother and sister in…
Mortgage rates fall for second straight week, lowest since October
Mortgage rates moved lower for the second consecutive week, sending purchase applications higher in further signs of pent-up demand amid…
Warn Aging Parents Now About Online Phishing Scams
Holiday season is scammers’ season too. Millions of people shop online at this time, with record spending expected. If your…
Post-Election Estate Tax Planning Requires A Cautious Approach
Like many people, you may have put off finalizing estate tax planning 2024 election results were in. Some people held…
FHFA announces higher mortgage loan limits for 2025
Housing prices have remained high for the last few years, largely due to fluctuating mortgage rates and lasting economic effects…
5 Secrets Happy Retirees Keep From Their Children
When it comes to ambition, pacing and purpose, every generation has its own healthy operating beliefs. There’s overlap but overall,…
Is The Jackal Good At Retirement Planning?
The new British TV series The Jackal on Peacock, starring Eddie Redmayne, offers a compelling and unsettling journey into the…
The World’s Best Places To Move (Or Retire), Ranked In A New Report
Thinking about living abroad? You’ve come to the right place. International Living just released its Annual Global Retirement Index—which highlights…
4 Creative Ways For Retirees To Responsively Leave A Legacy
Would you like to help change the world or your family’s lives by leaving a legacy, but you want to…
2024 Year-End Investment Checklist
As we approach the end of 2024, there is cause for optimism. The market has performed well, economic data indicates…
Freddie Mac, Fannie Mae backing bigger home loans in 2025
The Federal Housing Finance Agency (FHFA) announced on Tuesday it is raising the loan amount limits for mortgages purchased by…
