June 2022

Here are some smart money moves to make now amid high inflation, rising interest rates

KEY POINTS As consumer prices soar to historic highs, the Federal Reserve plans to raise interest rates. As a result, the cost of borrowing will get more expensive. Meanwhile, savings will benefit from higher interest rates. Here’s how consumers may want to rethink how they handle their credit cards, savings and mortgages now. New government

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Breaking Down the Parts of Medicare

Generally, the different parts of Medicare help cover specific services. Most beneficiaries choose to receive their Parts A and B benefits through Original Medicare, the traditional fee-for-service program offered directly through the federal government. It is sometimes called Traditional Medicare or Fee-for-Service (FFS) Medicare. Under Original Medicare, the government pays directly for the health care

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A Decision Not Made Is Still a Decision

Whether through inertia or trepidation, investors who put off important investment decisions might consider the admonition offered by motivational speaker Brian Tracy, “Almost any decision is better than no decision at all.”1 This investment inaction is played out in many ways, often silently, invisibly and with potential consequence to an individual’s future financial security. Let’s

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Silver Sneakers 101

Once you turn 65, the world of Medicare opens to you, and you also gain access to its offshoot supplemental programs. You likely know about Part A, Part B, Medicare Advantage, and other sections, but you may not know about the senior fitness offering “SilverSneakers.” SilverSneakers is a versatile and free fitness plan for Medicare

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Pickleball in Retirement

Staying Active in Retirement Over the last couple of years doctors have made clear the benefits of regular physical activity, especially for older adults. In fact, adults 65 and older gain substantial health benefits from regular physical activity. Being physically active can increase mobility, lessen the chance of injury, and lead to an overall better

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Workers at private companies have amassed more than $400 million in state-run retirement programs

KEY POINTS Through state-run programs in California, Illinois and Oregon, nearly 430,000 accounts have been funded since the first rolled out in 2017. Similar initiatives are under way in other states. Altogether, 46 states have either implemented or considered legislation to create retirement savings initiatives to reach workers without a plan at work. By the

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From saving money to paying down debt, here’s why financial literacy is so important

To achieve financial success, knowledge is key. Yet many Americans lack financial literacy. That can impact everything from the amount of money saved to debt owed. The situation is dire for more than a few. More than half of Americans can’t cover a $1,000 emergency expense with savings, a January survey from Bankrate found. Meanwhile, about 20% of employees run out

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