Saturday, October 10, 2020

These money and investing tips can help you prepare for the future even though you can’t

"It is difficult to make predictions, particularly about the future." But these money and investing stories, popular with MarketWatch readers over the past week, offer advice and insights about managing your investments with foresight and vision.

Beating the market is tough — even for the best and brightest pros.
What the Harvard endowment's below-average grade can teach you about index funds and your investments

The Social Security Administration will soon set its COLA for 2021
Wondering how much your Social Security check will increase next year?

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Publisher: MarketWatch
Date: 2020-10-10T15:10:00-04:00
Author: MarketWatch
Twitter: @marketwatch
Reference: (Read more) Visit Source



Not to change the topic here:

Six Ways to Save Money on Car Insurance

Obtaining cheaper auto insurance is not impossible. A driver should improve his car's safety rating, make smart coverage selection, and look for several investment opportunities with the current provider. In order to get the best car insurance prices, follow the next tips:

Bundle multiple insurance services. Getting coverage for all household's cars with the same company is a smart thing to do. Also, try to insure the home with the same company. Multi-car and multi-policies discounts are great ways to save money.

Twitter: @Yahoo
Reference: (Read more) Visit Source



Don't Miss Out on Free Money by Making This 401(k) Mistake | Personal Finance | kearneyhub.com

If you are a good saver, you know the value of maxing out your 401(k) plan and making sure you get the employer match on your contributions. And if you're a really good saver, you may be aware of the benefits of front-loading your 401(k) contributions, adding as much as possible to your plan early in the year. Front-loading maximizes your money's time in the market, which should produce better returns for your 401(k) account in the long run.

But if you're not careful with your front-loaded contributions, you could actually be missing out on a portion of your employer match. That's "free money" you deserve as an employer benefit.

Publisher: Kearney Hub
Author: _____
Twitter: @KearneyHub
Reference: (Read more) Visit Source



1 in 5 Americans could be out of money by Election Day

A US one hundred dollar bill with Benjamin Franklin is seen amongst other bills in New York on Friday, February 19, 2016. (Photo by Richard Levine/Corbis via Getty Images)

More than 20% of Americans have less than three weeks of financial runway before their account balances hit zero, according to a new report from Credit Karma.

Based on that timeline, about one in five people could be out of money by Election Day , according to the data compiled by the personal finance company

Publisher: FOX 5 New York
Date: 2020-10-10
Twitter: @FOX5NY
Reference: (Read more) Visit Source



Not to change the topic here:

As US population ages, private insurers reap more money from government-run Medicare

Private insurers are reaping a veritable windfall from the federal government's heavy spending on the elderly — with demand from the COVID-19 pandemic leading to more robust offerings.

According to Brian Evanko, Cigna's president of Government Business, insurers are faced with a convergence of factors that include a willing government payor, an increasingly aging population, and the flexibility to compete with robust offerings.

Many plans have $0 premiums —a key selling point — and thanks to the popularity of telehealth during the pandemic, both insurers are offering $0 copays on telehealth visits. Cigna is now offering behavioral health virtual visits, as well, while UnitedHealth promoted its $35 cap on insulin.

Twitter: @Yahoo
Reference: (Read more) Visit Source



Second stimulus check: Americans could receive more money in new round of payments, whenever that

For a moment there it looked like President Donald Trump was pulling a second stimulus payment off the table right when Americans needed it most.

But Trump reversed course, and spent most of the week pushing for a second deal to get done. And so, the saga continues. Will Americans get the money that both Republicans and Democrats agree they sorely need? How much will it be? And if it does come, will it make it to bank accounts before the end of the year?

Publisher: pennlive
Date: 2020-10-10T11:30:00Z
Author: blinder1
Twitter: @pennlive
Reference: (Read more) Visit Source



How to Hold Onto Your Money, Wherever the Market Takes You - The New York Times

Crises abound, yet stocks have generated strong returns. Investors had better be ready for anything.

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Until the coronavirus struck in the United States earlier this year, upbeat forecasters invariably expected that the economy would expand: The only question was how quickly it would grow. Now, even in the best of circumstances, the economy will be smaller on Dec. 31 than it was at the beginning of this year, and nearly everyone agrees that without another dose of fiscal stimulus , prosperity will slip further from many people's grasp.

Date: 2020-10-10T09:00:07.774Z
Reference: (Read more) Visit Source



Weekend reads: Best new money ideas - MarketWatch

Nursing-home care has been a financial disaster for years. But the coronavirus crisis made it dangerous. Meera Jagannathan explains how different types of care can be safer and more cost effective .

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Timothy Meyer, the director of international legal studies at Vanderbilt University Law School, suggests a change to the federal government to smooth out responses to economic calamities .

A traditional charitable foundation is designed to last forever. But spend-down philanthropy might be much more effective for solving targeted problems, as Leslie Albrecht explains.

Publisher: MarketWatch
Date: 2020-10-10T09:49:00-04:00
Author: Philip van Doorn
Twitter: @marketwatch
Reference: (Read more) Visit Source



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