Personal Finance

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 Medicare and Medicaid Services wants

News Room News Room 6 Min Read

Your best advisor to finance and money management.

Explaining Finance is your one-stop website for the latest news, updates, and tips about finance.

Latest News

4 Things Everyone Must Know To Control Finances For Aging Parents

Most of us recognize that legal means exist to assume control over an aging parent’s finances when their health declines.

News Room News Room

Mortgage rates fall slightly, ending 6-week climb

Mortgage rates barely moved this week after marching higher for the past month and a half, while purchase demand remains

News Room News Room

What A Trump Administration Will Mean For Older Adults

Donald Trump’s return to the White House, coupled with Republican control of the Senate and possibly of the House, could

News Room News Room

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

News Room News Room

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

News Room News Room

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

News Room News Room

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

News Room News Room

The Fed just cut interest rates again, this time by a quarter of a percentage point

The Federal Reserve just cut interest rates for the second time this year, a move that was largely expected as

News Room News Room

Washington State Voters Keep Public Long-Term Care Insurance

Voters in Washington State have decided to keep the state’s first-in-the-nation public long term care insurance program. On Tuesday, they

News Room News Room

Here’s How To Semi-Retire In 5 Steps

Semi-retirement has significant advantages for your financial security, health, and enjoyment of life. It’s a powerful strategy to consider as

News Room News Room

Mortgage rates climb again, hurting demand further

Mortgage rates marched higher for the sixth straight week while purchase demand continues to decline in the stagnant housing market.

News Room News Room

Six Of My Favorite Newsletters To Help You Live Your Best Retired Life

In an ideal world, I believe it takes about five years to prepare for retirement – what’s next in life.

News Room News Room

Get Help To Choose The Best Medicare Insurance Plan For You

The author and his wife have enlisted the help of a free consultant to guide them until Medicare’s December 7th

News Room News Room

Think You’re Retirement Ready? Check Your Social Portfolio First

A longtime industrial plant manager was eager to retire. He even had numbers written on his truck’s visor that no

News Room News Room

Did You Get A Letter That Your Medicare Information Was Hacked?

The Centers for Medicare and Medicaid Services is notifying almost 950,000 Medicare beneficiaries that their personally identifiable information was compromised

News Room News Room

Siblings, Step-Siblings And Difficulties With Aging Parents

Blended Families May Be At Greater Risk For Family Disputes Sometimes money and the need to care for aging parents

News Room News Room

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

News Room News Room

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

News Room News Room