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Often times Medicare does not cover your entire healthcare costs during retirement, so you may want to buy a supplemental medical insurance policy known as Medigap. Medigap is sold through private insurance companies and is designed to cover costs not paid by Medicare, helping you fill the gaps in your Medicare coverage.
After years of keeping the benchmark federal funds rate at historic lows, the Federal Reserve has been raising it gradually. Near-zero rates were an emergency measure, and gradual increases reflect greater confidence in the U.S. economy. However, rising rates can affect you as a consumer and investor.
Under the new tax law, the definition of a 529 plan’s “qualified education expense” has been expanded to include K-12 expenses. The new tax law also allows 529 plan owners to transfer funds from a 529 plan to an ABLE plan without federal tax consequences.
Conventional wisdom says that what goes up must come down. But even if you view market volatility as a normal occurrence, it can be tough to handle when your money is at stake. Though there is no foolproof way to handle the ups and downs of the stock market, the following common-sense tips can help.