Photo by Hero Images via Getty Images Healthy couples retiring in 2019 will have to dig deep to cover medical expenses. A 65-year-old couple in good health will need $387,644 to pay for health-care costs for the remainder of their lives, according to HealthView Services, a provider of health-care cost projection software. That sum includes

A bipartisan bill that cleared the House last week would let first-time homebuyers pay a bit less at closing if they go through homeownership counseling. Called the Housing Financial Literacy Act, the measure would apply to first-time homebuyers who take out a mortgage backed by the Federal Housing Administration. Borrowers who go through the counseling

New Yorkers are paying the heftiest state income taxes. Residents in the state paid $2,249 per capita in individual state income taxes during the 2017 fiscal year, according to data from the Tax Foundation. Connecticut came in second with $2,218. Massachusetts followed in third: $2,146. Meanwhile, there are seven states that don’t tax individual income:

New Jersey Governor Phil Murphy speaks after taking the oath of office in Trenton, New Jersey, January 16, 2018. Lucas Jackson | Reuters New Jersey is suing the Internal Revenue Service, challenging new rules that would block states’ attempts to get around a new $10,000 cap for state and local tax deductions. The state’s governor,

As college costs rise, some students apply to a laundry list of schools to increase their odds of getting into one they can afford. Yet doing so can leave families with another large tab. “Application fees quickly add up to thousands of dollars if you apply to dozens of colleges,” said Mark Kantrowitz, publisher of

filadendron | E+ | Getty Images Amazon‘s 48-hour Prime Day is over, which means regret over some of your purchases might be sinking in. You’re not alone. Eddie McNamara, a 43-year-old cook in New York, still regrets his Prime Day purchase of two Instant Pots — one for him and one for his sister —

Blueflames | Getty Images The average family doesn’t feel as good today as yesterday. Middle-class Americans are less optimistic about their economic prospects than they were just six months ago, according to a new report from CUNA Mutual Group. Although the majority of those polled said they feel relatively stable overall, they graded their chances

Former Vice President Joe Biden takes the stage for the second night of the first Democratic presidential debate on June 27, 2019 in Miami, Florida. Drew Angerer | Getty Images If you missed out on a deduction for state and local taxes on your 2018 return, you’re not alone: Former Vice President Joe Biden and

Matteo Colombo | DigitalVision | Getty Images You’re all packed and ready for your trip. You know what you’re paying for airfare, hotel and other big ticket items. You even have money set aside for spending. Yet, one wrong move in the planning process — or while you are away — can blow your budget.

It’s become one of the biggest shopping events of the year, yet some discounts are better than others. The 48-hour Amazon Prime Day extravaganza began at 3 a.m. Monday ET, with more than 1 million deals being offered to members, including intermittent “lightning deals.” For example, the Toshiba HD 43-inch Fire TV Edition Smart TV

For many older Americans, retirement means freedom to explore beyond your backyard. Before you take off, however, check whether your health insurance travel with you. Assuming you’re on Medicare — most adults age 65 or older are — coverage away from home depends partly on where you travel to, along with whether you’re on basic

For identity thieves, kids are the perfect mark. While adults make prime targets for their account balances, a child’s information, particularly their Social Security number, has even more value to scammers because it is a “clean slate” for opening new lines of credit before someone catches on, according to the Identity Theft Resource Center. More

Hinterhaus Productions | The Image Bank | Getty Images If your employer is giving you ownership shares as part of your pay, you could be accumulating wealth — or you could be ramping up risk. Equity compensation is a way for companies to reward employees who meet certain performance goals and incentivize them to stay.

Washington D.C. Danita Delimont | Getty Images About 1.3 million Americans could have their retirement funds at risk if Congress can’t come up with the money to pay the benefits people were promised. That is because a number of multiemployer pension plans are on the brink of running out of money. This week, Congress took

Elisha Bokman Source: Elisha Bokman Elisha Bokman has been out of school for eight years. Still, her student loan balance is half a million dollars. Today, for her doctorate degree in naturopathic medicine and master’s in acupuncture from Bastyr University, she owes $499,322.69. She and her husband struggled to buy a house because of her

People starting out their careers in expensive cities are used to sharing apartments. Now, they’re sharing rooms. Carina Zhao lives in a four-bedroom apartment in San Francisco’s Mission District – with five other people. Zhao, 23 and an analyst at Castlight Health, shares a room with her former college roommate. Another pair of roommates share

Sunny summer months make it easy to cut loose. Unfortunately, it can also mean cutting loose financially. Most people derail their finances because they don’t have a set budget for holiday weekends, graduation parties, vacations, barbecues and family gatherings, summer camp, activities with the kids and back-to-school shopping. It’s common to use credit more recklessly

Are you gearing up to browse new cars for the first time in a long while? If so, be ready to open your wallet a lot wider. With the average age of new-car trade-ins — excluding leased autos — at just over six years, a shopper whose last purchase was in 2013 could suffer some

A customer uses a JPMorgan Chase & Co. automatic teller machine (ATM) outside a bank branch in Miami, Florida, on Thursday, Jan. 5, 2017. Scott McIntyre | Bloomberg | Getty Images JPMorgan Chase is trying to make it harder for its credit card customers to sue the bank in court by requiring them to go

Cancer can take a significant toll on your health, your work, your family – and, increasingly, your wallet. There are currently an estimated 16.9 million people in the U.S. who have received a cancer diagnosis. For them, the disease comes with many disproportionate hardships, from the physical and the emotional to the financial. Not only

The name Beyond Meat has been on investors’ lips since the company’s successful May initial public offering. But one investor in Beyond Meat, non-profit financial services firm ImpactAssets, bet on the company six years ago, long before the company became a household name. And that investment has helped boost the firm’s charitable assets. ImpactAssets’ initial

If you’ve been racking your brain about where to retire on a budget, it might be time to think outside the U.S. A new report by International Living, which publishes information about living abroad, lists destinations where you can coast on less than $30,000 a year. To be sure, retiring in a new country will

andresr | E+ | Getty Images If you’ve been eyeing a designer handbag or expensive mattress, you may be able to buy it guilt-free. Experts agree there are times when it pays to spend more money on certain items, instead of going for the cheapest option. Sam Dogen, founder of the personal finance website FinancialSamurai.com,

An American flag battered by Hurricane Michael continues to fly in the in the rose colored light of sunset at Shell Point Beach on October 10, 2018 in Crawfordville, Florida.The hurricane hit the Florida Panhandle as a category 4 storm. Mark Wallheiser | Getty Images Natural disasters lead to billions of dollars in property losses.

Ronnie Kaufman | The Image Bank | Getty Images From affordability and mobility to community and culture, there’s a range of factors those approaching their golden years need to take into consideration when deciding whether to retire in place or put down roots in greener — and less stressful — pastures. Bankrate.com has updated its

Planning to reinvest those pesky required withdrawals from your individual retirement account or 401(k) plan because you don’t need the money? Under the Secure Act, a bill pending in Congress right now that aims to improve the nation’s retirement savings, you’d have to start taking withdrawals from your IRA (and most other retirement accounts) at

Joe Raedle | Getty Images If you’re trying to save money, paying a fee on your credit card might seem counterintuitive. However, it may be worth it under the right circumstances. So, how do you figure out if it is the right thing for you? “It really comes down to whether you are matching the

We all need stuff, from cars to laptops to clothes. That doesn’t mean you have to walk into a store and plunk down money for brand new items each time. Just as the new car you drive off the lot immediately loses half its value — congratulations on the new used car you just purchased

Few investments offer a 2,000% to 4,000% return like athletic footwear sometimes can. Just last week, Nike pulled sneakers embellished with the so-called Betsy Ross flag on the heel from its apps and website after critics said the early U.S. flag — featuring 13 stars in a circle — is an offensive symbol because it

Walter B. McKenzie | Getty Images Where you live can have a big impact on whether you’re able to amass a security nest egg. Experts generally recommend you have at least six months’ cash on hand in case you lose your job or have a medical or other emergency. However, data from personal finance website