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Retirees Need More Savings for Out-of-Pocket Healthcare Costs

Retirees Need More Savings for Out-of-Pocket Healthcare Costs

November 01, 2018 – Retired Medicare beneficiaries need to see their savings accounts swell by 9 percent if they want to cover their out-of-pocket healthcare costs, according to new data from the Employee Benefit Research Institute (EBRI). Those out-of-pocket healthcare costs include premiums, deductibles, and the financial responsibility patients bear when purchasing some prescription medications. Premiums include those incurred […]

Why your credit cards may deserve a second chance

Why your credit cards may deserve a second chance

While paying off $1,700 in credit card debt in 2014, Jamie Griffin cut up his card. To tackle the remaining $90,000 in student loans he and his wife carried, he read personal finance experts’ tips and turned to cash and a spreadsheet to budget. Now that most of their debt is paid off, he’s giving […]

Can You Refinance a Personal Loan?

Can You Refinance a Personal Loan?

Refinancing a personal loan could help you achieve your financial goals, but run the numbers to see if it’s a good idea. Refinancing a personal loan can help you save interest or lower your monthly payment, but it’s not always a smart financial move. Before seeking personal loan refinancing, you should consider whether it’s a […]

New budget report predicts state savings accounts will be empty by 2021

New budget report predicts state savings accounts will be empty by 2021

ANCHORAGE (KTUU) — In a warning to legislators, the nonpartisan Legislative Finance Division says the state’s budget battles don’t appear to be over. In a 10-page report, David Teal, Director of Legislative Finance, says the same level of state services this year will cost $200 million more next year. And that doesn’t count Permanent Fund Dividends. […]

Consumers are gradually losing this credit card perk

Consumers are gradually losing this credit card perk

In a highly saturated credit card market, providers would throw perks around left and right to entice sign-ups. We all know the main features, like rewards, points, cash back, and miles, but some of the biggest providers, including Discover, DFS, -0.86%   Citi, C, -1.00%   and Chase, JPM, +0.28%   are starting to cut back on the extra cardholder benefits that get low […]

The green and sustainability loan market: ready for take-off

The green and sustainability loan market: ready for take-off

Green and sustainability loans are the hot new trend in sustainable finance. Could they outgrow the booming green bond market, ask Nick Roumpis and Peter Cripps. The green loan market passed a significant milestone in its evolution in March, with the launch of the Green Loan Principles (GLPs). These are closely modelled on the Green […]

What’s the best credit card for students?

What’s the best credit card for students?

In a few months, your baby will be a freshman in college and you may be wondering what’s the best credit card for a student. In my opinion, the best credit card is no credit card. Instead, make sure the student has a debit card. Most debit cards can be used just like a credit […]

Read this before giving your teenager a credit card

Read this before giving your teenager a credit card

Everyone from Dave Ramsey to your neighbor down the street has an opinion about whether teenagers should have credit cards. But the fact is many already do. According to a TransUnion survey, 19% of teens have a credit card. If you want to introduce your child to the world of credit while being mindful of its […]

How Peer Pressure Could Help Boost Savings

How Peer Pressure Could Help Boost Savings

In the depths of the Great Recession, Majd Maksad, a data analyst was examining reams of data on Americans’ finances as an analyst for Citi, when he made a surprising observation. Even as many economists, pundits and individuals credited the financial crisis and its aftermath for ushering in a new era of greater frugality and leading […]

What Does It Really Take to Get a Small-Business Loan?

What Does It Really Take to Get a Small-Business Loan?

Growing your small business without outside funding can make you feel as though you’re forever trapped in a catch-22. Related: The Next 5 Steps to Take After You’ve Been Denied a Small Business Loan You need to hire new employees, invest in new equipment and/or open a new storefront to increase sales and ultimately increase […]