Although elderly people (ages 65 and older) only account for 16% of the current U.S. population, data from the Kaiser Family Foundation found this age group accounts for 36% of all healthcare spending in the U.S. each year. When you factor in people 55+ years old, this demographic comprises just 29% of the U.S. population but accounts for 56% of all healthcare spending. The fact that older people have more expensive, more frequent healthcare needs than younger people is no surprise, but it’s alarming to see just how much money quality … [Read more...] about How Rising Healthcare Costs Can Frustrate Your Retirement Dreams
Paying for the internet can be a huge drag in the U.S. because diversified options in the market scarcely exist. Internet service providers (ISPs) are notoriously monopolistic, but the Federal Communications Commission (FCC) has done little to regulate Internet companies and prevent them from price gouging customers with shady advertising and pricing tactics (especially when the ISP is the only provider in the area, leaving customers with no option but to continue service with them). If you’re frustrated with your current Internet provider … [Read more...] about How to Lower Internet Bill – 8 Simple Ways to Try
In an ideal world, we would all be on the same page as our life partner when it comes to money management practices and even just basic openness and honesty about finances. However, the reality is that people rarely dedicate enough time to discussing the financial side of being in a committed relationship until after they get married. Whether you know very little about your fiancé’s finances or you’re both completely open with each other about your individual and shared financial situations, here are 6 considerations to your married … [Read more...] about 6 Financial Considerations to Make Right After Getting Married
Everyone knows that the stock market fluctuates frequently and that it increases and decreases sometimes by large amounts. But why do the stock prices change? What are the factors that cause the changes? It’s important to identify the forces that cause this volatility. Here are some of the key reasons why stock prices fluctuate. The Economy When there are changes in the economy it has a direct impact on the stock market. Whether this is a boom or a depression, you’ll see a change in stock prices the moment that this … [Read more...] about What Affects Stock Price and Makes Prices Move?
Whether you have children or grandchildren that are looking to receive a college education in the future, you’ll be considering the ways in which you can effectively and efficiently put money aside to help them pay for college. There are several ways that you can do this, including utilizing your Roth IRA or setting up a 529 college savings plan. What is a Roth IRA? Before discussing the effectiveness of using a Roth IRA as a means to pay for college, it’s important to first identify exactly what it is. For those that aren’t familiar with … [Read more...] about Can I Use a Roth IRA to Pay for College?
Everyone wants to save money on the cost of owning a home, but very little people know how to save money on your mortgage. A large monthly expense that many people can struggle to pay, it’s good to know efficient ways of decreasing your monthly payment so that it’s more manageable, and how to pay off your home loan quickly so that you don't have years and years left on the term. The Perks of Paying Your Mortgage Early You’ll own your own home – the sooner you’ve paid off your mortgage, the sooner you’ll own your own home. … [Read more...] about How to Save Money on Your Mortgage