Personal Finance

The personal finance site compared average expenses for people age 65 and older, including groceries, housing, utilities, transportation and health care in every state to come up with how long a nest egg of $1 million would really last. Top 5 states where your dollar will last the longest:1. Mississippi$1 million will last: 26 years,
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Raising a baby doesn’t come cheap — and once you add in expenses like doctor appointments and day care, the costs of child-rearing may be more manageable in certain states than others. New data from WalletHub found that some states have better financial conditions for bringing up baby. The personal finance site ranked U.S. states
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Conversely, some states have low costs but their quality is lacking. For example, Alabama has the least-expensive care but ranks 44th for quality. Additionally, the Northeast showed generally higher costs and lower quality scores in the report. The study used various statistics including nursing home costs, in-home care prices and elderly well-being assessments to arrive
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It’s not just missing income. IRS records show that self-employed workers and others who file quarterly estimated-tax payments are prone to get those wrong, according to a report last week from The Wall Street Journal. The number of filers penalized for underpaying estimated taxes jumped from 7.2 million in 2010 to 10 million in 2015,
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As they approach retirement age, older Americans are becoming steadily more pessimistic about their economic prospects. Where they choose to spend their golden years could make all the difference. A little more than half of working-age households are at risk of being unable to maintain their current standard of living in retirement, according to the
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If your health-care needs entail more than an annual physical, keep this in mind: Signing on to a new health plan mid-year means starting from scratch on spending toward the deductible and out-of-pocket maximum. “For some people, that’s several thousand dollars,” said Karen Frost, senior vice president of health strategy and solutions for Alight Solutions.
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Before you buy a third-party travel insurance policy, check to see if you already have some protections through other sources. For example, a homeowners or renters insurance policy may cover your belongings away from home, said Worters — helping alleviate worries about theft or lost baggage. Travel insurance is also a common perk for credit
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Mark Dougherty makes a few thousand extra bucks a year as a hired driver for people who need to get their cars and moving trucks across the country. The retired 70-year-old charges $10 per hour driving time and uses Google maps to estimate his fee, plus expenses like one-way plane tickets, gas, lodging and meals.
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The NACS survey found that as students progress throughout their academic careers, they become savvier shoppers and are more likely to comparison shop at multiple sources to find the best deal. Sites like CampusBooks.com, BigWords.com and BookFinder.com, among others, track books for new, used and rental texts. When you’re comparing prices, make sure you’re looking
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“I’m supportive of this,” said certified financial planner Hans “John” Scheil, CEO and owner of Cardinal Retirement Planning in Cary, North Carolina. “The reality is that most people don’t have their 401(k)s properly allocated. And most don’t ever reassess where they stand.” Most companies (62.1 percent) in the Callan study have done a re-enrollment when
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Dealing with crippling student debt is not on anyone’s post-grad wish list— yet it’s a reality many people face. Student debt has skyrocketed more than 256 percent from 2004 to 2015, according to a recent analysis from ValuePenguin. Outstanding college-loan balances at the end of the first quarter of 2017 totaled $1.34 trillion, according to
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