By Lucy Lazarony, Next Avenue A generous inheritance. A booming investment. A big raise. What should you do with a large sum of unexpected money you discover coming your way? In particular, how should you handle such a windfall when you are aged 50 and up? Surprise! Some of it…

By Kerri Fivecoat-Campbell, Next Avenue A friend with whom I had previously worked with instant-messaged me on Facebook a couple of years ago and asked, “Hey, have you applied for your pension?” We had worked together 35 years ago in the credit department of a major bank. I replied, “Pension?…

By Lucy Lazarony, Next Avenue Kathi Balasek was still grieving for her late husband when she decided to buy a new car. She soon learned why people discourage recently bereaved family members and friends from making big financial decisions like buying a car while still grappling with their loss. “I…

A federal judge in Missouri on Thursday temporarily blocked President Biden’s student loan handout just one day after a judge in Georgia had permitted the plan to move forward. U.S. District Judge Matthew Schelp snatched the win from the Biden administration in response to a request from six Republican state…

Attitudes about the obligation to provide care for an aging parent in failing health vary. In some families, there is an unspoken expectation that it is the daughter’s job to provide this care, despite the fact that there is no legal obligation for any particular person to do so. Rarely…

The golden years are something to anticipate. Life is expected to become easier and less complicated with time for family, traveling, and hobbies becoming attainable. A comfortable retirement is part of the American dream; however, this dream has a price tag and the burden of saving for retirement luxuries has…

Mortgage rates are up slightly, with long-term notes lifting off a two-year low from last week. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage inched up to 6.12% from last week’s reading of 6.08%. The average rate on a…

A federal judge on Wednesday set back Republican efforts to thwart President Biden’s student loan bailout, allowing the government to proceed with his debt cancellation plan weeks before the November election.  U.S. District Judge Randal Hall of Augusta removed Georgia from a lawsuit brought by seven Republican-led states against the…

The self-employed have the potential to earn more, and build wealth faster than a traditional employee, if their business allows. If not managed correctly, though, a solo owner can also find themselves well behind retirement unless they take proper steps to save. This reality was highlighted again with new research…

One of the goals of the Inflation Reduction Act is to lower drug costs for Medicare beneficiaries. The biggest step toward that goal will be the implementation of the $2,000 cap on Part D out-of-pocket costs starting in January 2025. Nearly 19 million Part D enrollees could save $400 and…