Category: personal finance

Health Care-Sharing Ministries as an Alternative

Death and taxes have always been givens. But another given is high insurance premiums. Health insurance premiums have risen 20 percent since 2017. This results in the average American family paying thousands in health insurance premiums per year. The Affordable Care Act is an alternative to some. But there are many families who earn above…


Retiring Soon? 8 Facts About Retirement You Need to Know

The U.S. has gone through several economic crises that put a lot of Americans into the gutter. While it’s been more than eighty years, the memories of The Great Depression are still vivid today. Indeed, it has taught most of us a tremendous and painful lesson that will always linger. But in the following decades,…


Investing: How to invest $1,000

By Kim Clark and Anne Kates Smith From Kiplinger’s Personal Finance Although the savings rate has dipped again following pandemic highs, many investors still have ample cash sitting in a low-interest bank or money market account. If you’re among them, here are some ways to invest $1,000. Buy Some Small Fry Get more bang for…


Closing Prices for Crude Oil, Gold and Other Commodities (Nov. 21)

Benchmark U.S. crude oil for December delivery fell 35 cents to $79.73 a barrel Monday. Brent crude for January delivery fell 17 cents to $87.45 a barrel. Wholesale gasoline for December delivery rose 2 cents to $2.44 a gallon. December heating oil fell 2 cents to $3.50 a gallon. December natural gas rose 48 cents…


Plan for Health Care Costs in Retirement

The mantra for most people is financing a good retirement. With 401 (k)s and Roth IRAs, saving for those retirement excursions or financing a hobby is at the forefront of most individuals. But what about health care costs? Those usually increase with age. How do these expenses factor into your retirement fund? In a worst-case…


Texas Posts Record Rise in Total Job Gains With Fastest Annual Job Growth in the Nation

Texas broke its all-time record for total job gains last month, with the fastest annual jobs growth rate in the United States. Job gains in the state accelerated non-stop over a 12-month period between October 2021 and October 2022, to 5.4 percent, according to new data from the Texas Workforce Commission and the U.S. Bureau of…


‘Buy Now Pay Later’ in the Crosshairs of Australian Regulators

The Australian government is looking to tighten the regulation of the “buy now, pay later” (BNPL) sector as it hopes to stop more customers from falling into dire financial straits. Speaking to Nine Network on Nov. 21, Financial Services Minister Stephen Jones said the BNPL industry could be subject to the same regulation as the…


The Savings Game: Who Has to Report RMDs This Year?

By Elliot Raphaelson From Tribune Content Agency The IRS has issued additional guidelines regarding the reporting of Required Minimum Distributions (RMDs) for beneficiaries under the SECURE Act of 2019. One of the most important provisions of that law raised the minimum age for RMDs from 70 1/2 years of age to 72 years of age….


Black Friday and Cyber Monday: Make the Most of These Upcoming Marketing Schemes

I don’t know about you, but personally, I have a love-hate relationship with Black Friday and Cyber Monday. I mean, don’t get me wrong—it seems pretty great at first: belly full of stuffing, new fall trends on sale, Christmas shopping done early, decompressing after too much time with that one relative … But what’s wrong…


15 Best Side Hustles for Millennials

As the cost of living continues to rise and the job market remains uncertain, more and more people are turning to side hustles to make ends meet. In fact, according to a recent survey, 42 percent of Gen Z and 39 percent of millennials have a side hustle. While some side hustles are more traditional,…