7 Things Medicare Doesn’t Cover | Smart Switch: Personal Finance

kate ashford When you turn 65, you probably have a good idea of ​​what health insurance does and doesn’t cover. But Medicare is a different beast, and there are some surprising things that don’t fall under the Medicare umbrella. Medicare is the federal government’s health insurance coverage for people 65 and older and other people … Read more

Investors: Don’t sleep on portfolio diversification | Smart Switch: Personal Finance

(Sam Swenson, CFA, CPA) With stocks in a bear market, bonds offering little more than “less negative” returns, and cryptocurrencies facing a serious reckoning, the first half of 2022 should remind investors that a diversified portfolio will be necessary for years to come. . Overexposure to any particular stock or market sector can lead to … Read more

Investors: Don’t sleep on portfolio diversification | Smart Switch: Personal Finance

(Sam Swenson, CFA, CPA) With stocks in a bear market, bonds offering little more than “less negative” returns, and cryptocurrencies facing a serious reckoning, the first half of 2022 should remind investors that a diversified portfolio will be necessary for years to come. . Overexposure to any particular stock or market sector can lead to … Read more

I’m not worried about social security cuts. Here’s why | personal finance

(Maurie Backman) You may have heard rumors that Social Security is running out of money. So here’s the good news: it’s not. Social Security’s main source of income is payroll taxes, the ones we all see being deducted from our paychecks. And as long as those taxes remain in place, the program can keep going. … Read more

401(k)s Beware: HSAs Are the New Retirement Sheriff in Town | Smart Switch: Personal Finance

Saving a portion of your salary in a 401(k) is one of the best ways to prepare for a happy retirement. But 401(k)s aren’t the only game in town when it comes to retirement planning. And one account in particular offers a host of advantages over a 401(k) for those who qualify. A health savings … Read more

I’m not worried about social security cuts. Here’s why | Smart Switch: Personal Finance

(Maurie Backman) You may have heard rumors that Social Security is running out of money. So here’s the good news: it’s not. Social Security’s main source of income is payroll taxes, the ones we all see being deducted from our paychecks. And as long as those taxes remain in place, the program can keep going. … Read more

Will interest rates go up again? What to do if you are a homebuyer | personal finance

If you’re still in the market for a home, you probably know that interest rates are rising sharply. Host Terry Barr is talking to Kate Wood, mortgage expert at NerdWallet, to find out how we got here and why it matters. Kate also discusses what could happen next, and if you still want to buy … Read more

Investors: Don’t sleep on portfolio diversification | Smart Switch: Personal Finance

(Sam Swenson, CFA, CPA) With stocks in a bear market, bonds offering little more than “less negative” returns, and cryptocurrencies facing a serious reckoning, the first half of 2022 should remind investors that a diversified portfolio will be necessary for years to come. . Overexposure to any particular stock or market sector can lead to … Read more

Are 401(k) fees costing you too much? This is what you can do | Smart Switch: Personal Finance

(Adam Levy) If you have access to a 401(k) through your employer, it may be one of the best retirement savings tools in your arsenal. With its high contribution limit and many employers matching, you’ll do well to put at least some of your savings into a 401(k). But one thing savers in these accounts … Read more