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 borrowers. These 150,000 borrowers include…
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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.
The Real Public Long-Term Care Insurance Challenge: Paying For It
Later this year, Rep. Tom Suozzi (D-NY) will reintroduce his public catastrophic long-term care insurance bill, called the WISH Act.…
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…
Can You Overcome Your Resistance To Parenting Your Aging Parent?
It’s uncomfortable. The idea that you have to tell your elders what to do or take over things for them…
If You Are Retired, Is It Too Late To Leave A Legacy?
After working with terminally ill patients for years, Bonnie Ware often heard her patients express regrets as they reflected on…
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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 touting a total of more…
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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…
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…
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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…
Corporate Transparency Act Filing Requirements Reinstated: Act Now
Overview The Corporate Transparency Act (CTA) filing requirements have been reinstated and most filings will…
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…
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…
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…
In This Issues
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…
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…
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…
