How Your Free Medicare Screening Can Turn Into An Expensive Surprise
Here are two situations I reviewed recently. A 74-year-old man got a bill for his colonoscopy. He thought this was supposed to be a free…
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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.
10 Tips For Snowbird Retirees To Protect Their Nest Eggs
By Lucy Lazarony, Next Avenue Michael Murray has been trading Massachusetts' snow for Florida's sun for 15 winters. At first,…
Why Do We Avoid The Things That Matter Most? Greg McKeown And An “Essentialist” Approach To Personal Finance
Tim Ferriss recently talked to Greg McKeown, offering “Tactics and Strategies for a 2025 Reboot,” and the Essentialsim author had…
Are You Overlooking The Most Important Decisions For Preretirees And Retirees?
When it comes to retirement decisions and strategies, many preretirees and retirees overlook the most important ones they need to…
Financial Squeeze: The Sandwich Generation Caring For Aging Parents
Being part of the sandwich generation — adults caught between raising their own children and caring for aging parents —…
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3 Tips From My Own “Man On The Inside” Of The Retirement Community
My husband and I enjoy the Netflix show, “Man on the Inside,” starring Ted Danson. Danson plays Charles, a retired professor of engineering who has…
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Dilemma: Do You Owe Caregiving To A Parent Who Wasn’t A Good Parent?
Some parents do a fine or at least adequate job. Some do not. For those…
How Can Younger Generations Better Plan For Retirement?
Retirement planning has always been a long-term journey, but for younger generations, navigating this path…
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Explaining Finance is your one-stop website for the latest news, updates, and tips about finance. Follow us now to get the news that matters to you!
Why Founders Older Than 50 Are Worth Funding
By Chris Taylor, Next Avenue Katerina Stroponiati has a thought exercise for you: Go out…
Union Popularity Hits 70%, But Trump’s NLRB Move Threatens Labor
Late Monday night on January 27, President Trump neutralized the National Labor Relations Board, which…
Fact or fiction: Will Trump's federal funding freeze impact student loans, grants?
Following the announcement of a temporary freeze on federal assistance, ordered by the Trump administration's…
What Can Siblings Do When Blocked From Visiting Their Aging Parent?
The power dynamic in families can be highly problematic as a parent ages. Often, one…
How, When, And Why To Talk To Your Kids About Your Money: Timeless Wisdom From Warren Buffett
Forget E. F. Hutton; when Warren Buffett talks, people listen. And I don’t feel like…
Is It Better To Donate Cash, Stock Or Other Property?
Taxpayers should give as much consideration to the form in which they make charitable donations…
In This Issues
Learn How Dental Credit Cards Work Before Using One
By Rachel Leland, Next Avenue An 81-year-old Illinois woman recently encountered legal issues as a result of dental bills and…
Mortgage rates tick lower, hover near 7%
Mortgage rates fell slightly this week, remaining stubbornly high while would-be buyers and sellers continue to wait for steeper declines.…
Existing home sales fall to lowest level in nearly 30 years
Existing home sales in the U.S. in 2024 were the lowest in nearly 30 years, as home prices hit an…
Trump DOJ asks Supreme Court to freeze student debt, environment cases
President Donald Trump's Justice Department on Friday asked the Supreme Court to freeze a handful of cases, including a challenge…
How And Why I Delayed My Social Security Until Age 70
I’ve been well aware of the significant financial advantages of waiting to start my Social Security benefits until age 70,…
Seven Trends In Senior Living For 2025 …And Beyond
My colleague and friend, Michele Holleran, PhD, recently posted her predictions for the future of senior living in an industry…
Mortgage rates finally fall after 6-week climb
Mortgage rates finally broke a six-week streak of increases, but the decline will not provide much relief, as long-term rates…
If You Don’t Have Medicare Part B, The GEP Can Bail You Out
You’ve no doubt heard that the Medicare Advantage Open Enrollment Period started January 1. Also going on right now is…
Who Is Affected By The Social Security Fairness Act And What To Do Next
The Congressional Research Service found that by the end of 2023, more than 2 million Social Security beneficiaries had their…
How Financial Planning Has Got The Story All Wrong: Insights From StoryBrand’s Donald Miller
“Nobody wants to hear your story, they want to be invited into a story,” Donald Miller told me, in a…
Trump Backs Special Tech Work Visas. What About Nurses And Care Aides?
Despite his vow to close the U.S. borders to nearly all immigrants and deport millions of others, President-elect Donald Trump…
How To Manage Inherited IRA Rules That Can Surprise And Trap Heirs
Congress and the IRS made inheriting an IRA a very complicated, confusing event. Inherited IRAs are accompanied by a host…
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…
Mortgage rates rise above 7% for first time since May
Mortgage rates continued their upward climb this week, leaping above 7% and adding further pressure on the stagnant housing market.…
Capital One customers not getting payments amid outage
Capital One said it is experiencing a technical outage that's keeping customers from getting payments. The issue is tied to…
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…
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 relief to an additional 150,000…
Retirement Planning In Your 70s
A decade ago, I couldn’t spell septuagenarian, and yet now, at 72, I am one. A decade ago, I thought…
Can I Retire On 10 Million? What Retirement May Look Like Between $2M And $15M
Is 10 million enough to retire? The crux of retirement planning is figuring out what level of income your assets…
Biden's latest round of student loan handouts brings admin total to more than 5 million
President Biden announced the approval of student loan handouts for more than 150,000 people on Monday, with the White House…
How ‘The Courage To Be Disliked’ Can Increase Your Wealth In 2025
As I perused the ubiquitous “Best Books of the Year” lists from thought leaders whose reading prowess I respect, one…
Here’s A Safe, Simple Withdrawal Rate For Retirees In 2025
How much should you withdraw from your retirement savings in 2025 to help pay for your living expenses throughout the…
Here We Go Again: The Medicare Advantage Open Enrollment Period
The annual Open Enrollment Period ended December 7 and on January 1, another one began. First, the Basics The Medicare…
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…
