Making summer count
After being cooped up for winter and COVID, getting outside is one of the most enjoyable things about summertime. Being outside usually means you are more active but it often means that you are spending more time with nature.
Why did my Medicare premiums go up?
As a primer, when one is turning 65, they should apply for Medicare. This is true whether they are collecting Social Security yet or not. One can opt for Original Medicare which consists of Part A (Hospitals) and Part B (Doctors) and Part D (Prescriptions). Some folks choose to go with a Medicare Advantage plan that combines these parts and could have lower monthly premiums.
Protecting your home while on vacation
Ahh, summertime: The time of vacations, getting away, seeing family or friends, and relaxation. But not being home can sometimes be a problem, too. Whether it is an opportunity for thieves or a burst water heater, being away from home means you’re not there to keep an eye on things. Here are some tips to protect your home or apartment while you’re away.
FAFSA changes for families with multiple children in college
The EFC is being effectively replaced with the new Student Aid Index, and a long-standing discount to families with two children in college at the same time is being eliminated with this revision.
What is the Widow's Penalty?
However, if one is under age 59 ½, and they are taking distributions from their own IRA, they could be subject to the IRS 10% penalty rule. By leaving the account in the deceased name, the 10% penalty is waived if you need to access this money early.
The new math of borrowing
We have several observations. With housing we think that prices will stop rising and possibly fall in some markets. Homebuyers will also be forced to rent or live with family members for much longer than before. This may allow them to save up enough for a large down payment that keeps their monthly mortgage payment low or at least within their budget.