Retire with MONEY

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October 13, 2020 "Older Adults Projected to Receive a 1.3% Raise Next Year" Oct 13, 2020

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by Carla Fried Older adults will get a 1.3% increase in their Social Security benefit in 2021, the Social Security Administration was expected to announce Tuesday morning. That works out to about a $20 monthly bump in the average Social Security benefit, to nearly $1,540. While something is better than nothing, the cost-of-living adjustment (widely known as the COLA) for 2021 is lower than the rising expenses many retirees face — particularly for health care.

October 12, 2020 "What Is Money? This Author Dug Into the Fun History of How a Made-Up Thing Came to Rule the World" Oct 12, 2020

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by Noel Davila Money is a fiction. That doesn’t mean that the bills in your wallet or the numbers in your bank account aren’t real — it just suggests that the only reason money has value is because we believe it does. At least that’s how Jacob Goldstein, host of NPR’s Planet Money, explains it in his recently-released book, "Money: The True Story of a Made-Up Thing.

Oct. 9, 2020 "Millions of Americans Are Hoping for a Second Stimulus Check. Here Are 3 Ways It Could Still Happen" Oct 09, 2020

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by Julia Glum Many Americans desperately need a second stimulus check in order to financially survive the rest of 2020. But as Election Day draws nearer, the chances of those payments going out anytime soon seem to get lower and lower. Especially if you look at President Donald Trump’s Twitter account.

October 8, 2020 "The Problem With Buying Bundled Life and Long-Term Care Insurance" Oct 08, 2020

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by Ingrid Case If insurance that covers one peril is good, a policy that covers two is even better — or so the growing number of people who are buying hybrids of life insurance and long-term care insurance seem to believe. Yet financial advisors say these two-for-one products may offer dubious value for many consumers. Long-term care insurance helps pay for your care when you are no longer physically or mentally well enough to live independently.

October 7, 2020 "Debts as Low as $25 Could Stop Millions of Students From Returning to College" Oct 07, 2020

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by Charlotte West Derek Sykes should be finishing his last year at the University of Minnesota-Twin Cities (UMN). Instead, he is starting his third year of college after having to take last year off to work to pay off thousands of dollars in unpaid tuition and fees. The summer before what would have been his junior year, Sykes withdrew from half of the classes he had enrolled in for the summer semester due to schedule conflicts with his job.

October 6, 2020 "How the Internet's Favorite Place to Buy Throw Pillows and Vintage Purses Became the S&P 500's Hottest Stock" Oct 06, 2020

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by Kenadi Silcox While there are plenty of high-flying stocks in 2020, so far the S&P 500’s top-performer isn’t some gadget maker or drug company rushing to save the world. It’s a marketplace for dainty crafts and elegant artwork. Etsy, the Brooklyn, N.Y.-based e-commerce platform for small-time sellers of vintage and hand-made goods, is having its best year since going public in 2015 thanks in large part to the coronavirus pandemic.

Oct. 5, 2020 Bank Stocks Are Offering Yields of Nearly 4%. But Are They Safe?" Oct 05, 2020

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by Chris Taylor The stock market seems to be shrugging off COVID-related economic pain. Well, some parts of the stock market. And it’s not just industries like airlines and hotels that are struggling, banks are also having one their worst years since recovering from the 2008-2009 financial crisis. The year 2020 is ugly indeed for the nation’s banks, and not for one particular reason.

October 2, 2020 "The Pandemic Ruined Travel in 2020. Now Retirees Are Planning Epic Vacations to Make up for Lost Time" Oct 02, 2020

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by Chris Taylor Mark Mandel may live in Green Valley, Arizona, about halfway between Tucson and the Mexican border. But in his mind, he’s already strolling the streets of Paris. Like many of us, the semi-retired software engineer has been pretty much stuck at home the last seven months or so, with most nations around the world not even admitting American travelers due to the COVID-19 crisis. But that doesn’t mean Mandel can’t dream — and plan.

Oct. 1, 2020 "What Pet Insurance Can Cover, From Aggression Therapy to Arthritis" Oct 01, 2020

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by Ingrid Case No cat or dog is quite like the one we own and love, and the policies to protect their health are almost as varied. Pet-insurance coverage ranges widely, and understanding those differences will help you make the right choice for your animal. The decisions begin with the type of policy to buy, which determines the general coverage you can expect from your coverage.

September 30, 2020 "Fractional Shares Are the Latest Craze for Small Investors. Here's How They Work" Sep 30, 2020

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by Cheryl Winokur Munk For small investors, a slice of a stock might be better than none at all. That, at least, is the theory behind the purchase of fractional shares, investments that represent less than a full share in well-known companies trade on major exchanges like the NYSE or Nasdaq.

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