What does the Inflation Reduction Act mean to cover your Medicare | personal financing

Alex Rosenberg Significant changes to the affordability of prescription drugs for over 50 million registered beneficiaries Medicare Part D You’ll likely be on the way because of a bill headed to the president’s office. President Joe Biden, in a speech in July announcing a deal in Congress, said the inflation-reduction bill “finally fulfills a decades-old … Read more

Senate Democrats Pass Budget Package… Victory for Biden | Health, medicine and fitness

By Alan Fram and Lisa Mascaro – The Associated Press Washington (AFP) – Democrats pushed them Economic package for the election year For Senate approval Sunday, a difficult compromise less ambitious than The original domestic vision of President Joe Biden But it still meets the party’s deep-rooted goals slowing global warmingAnd the Moderation in drug … Read more

Buying cheap stocks isn’t the same as investing in value – it pays to know the difference | Smart Change: Personal Finance

(Stephon Walters) There are many different types of investors: some focus on developing stocks, others prefer dividend-paying stocks, and others look for value. Value investors seek to trade stocks at a lower price than their price intrinsic (or real) value. By finding companies whose stock price does not reflect their business or financial statements (such … Read more

Will your Social Security benefits increase when you reach full retirement age? | Smart Change: Personal Finance

(Kylie Hagen) Social Security is a cornerstone of most Americans’ retirement plans, yet many people remain confused about how it works. A potentially dangerous misconception is that your Social Security checks increase once you reach your full retirement age (FRA). This may happen to some people, but it’s not something every older person should expect. … Read more

Here’s Why Not Claiming Social Security Benefits at 62 | Smart Change: Personal Finance

(Keith Spetses) One of the most important retirement decisions you’ll ever make can be summed up in the titles of two classic rock songs. In 1976, Steve Miller’s band was a huge success Take the money and run. Eight years later, Van Halen scored with I will wait. Many Americans choose to take the money … Read more

Is Buying Long Term Care Insurance Worth It? | Smart Change: Personal Finance

(Ryan Sze) After a lifetime of hard work, you are ready to enjoy your time golden years And live life to the fullest — all without the burden of workplace drama or demanding deadlines. If all goes according to plan, you will live the rest of your life happy and healthy. However, a lifetime of … Read more

Study finds that people who change their typical jobs get a pay increase of about 10%.

Anchorage photos | Digital Vision | Getty Images Many workers who have recently changed jobs have seen their new pay raises outpace inflation by a large margin — about 10% or more, according to a new study by the Pew Research Center. The typical American who changed employer in the year from April 2021 to … Read more

How to Pull Out of Early Retirement — Even If You Get a Late Start on Savings Smart Change: Personal Finance

(Morri Bachmann) Many people dream of retiring early. But often, to achieve this, workers need to start financing their savings at a very young age. If you’ve spent many years in your career without a lot of money in savings, you may be wondering if your early retirement plans are doomed to fail. The good … Read more

Should I invest in an automated advisor? | Smart Change: Personal Finance

(Javier Simon) Want to jump into the investing world, but aren’t sure about picking out your stocks and managing your own portfolio? An automated advisor can do all of that for you. A robo-advisor is a digital platform that uses computer algorithms to build and manage a diversified portfolio based on your risk tolerance, financial … Read more