The gig economy gets lauded for letting millions of Americans set their own hours and choose their work assignments as freelancers and independent contractors. But the gig economy — which includes people from Uber drivers to dog walkers to consultants … Continue reading
Legislation wending its way through Congress and a recent Government Accountability Office report may lead the way to boosting Social Security benefits for America’s poorest retirees. The mechanism: adjusting the formula for Social Security’s annual Co… Continue reading
If you’re worried about your parents becoming victims of elder financial abuse, you’ll be cheered to hear that financial advisers, brokers and banks are taking serious steps to detect and halt the fraud. That’s due to new rules from the brokerage indus… Continue reading
I was volunteering at a northern Virginia lunch-cum-venting session for furloughed federal employees, on the same afternoon news broke that President Trump had bowed to pressure and would end the 35-day government shutdown. Some 100 furloughed employee… Continue reading
The Polar Vortex this week was good for one thing: giving many of us incentive to ponder where we’d like to vacation to get away from the big chill. Soon! After spending two days at The New York Times Travel Show in New York City recently, I have some … Continue reading
The reverse mortgage market has been in a state of flux ever since the U.S. government in 2017 reduced the amount borrowers age 62 and older can draw from their home equity for its Home Equity Conversion Mortgage (HECM) and raised that loan’s premiums…. Continue reading
After spending the past few years building Dream Forward, a financial firm selling 401(k) plans with the first artificial intelligence (AI) chatbot dedicated to retirement, we thought it would be interesting to track the most common questions we heard … Continue reading
The first half of the Trump administration is over, so it’s an opportune time to evaluate how older Americans have fared under the president’s policies over the past two years. As someone who reports and writes frequently (and without a political bias)… Continue reading
Medicare costs change each year, so if you’re 65 or older, it’s important to understand and review your benefits for the upcoming year. Some new rules affect the cost of prescription drugs covered under Part D (Medicare’s prescription drug benefit) and… Continue reading
You’re probably well aware that your credit score can have a big influence on your financial well-being, determining whether you’ll qualify for a loan or credit card and the interest rate you’ll pay. Now, two new types of credit scores — UltraFICO from… Continue reading