Governor of a red state emphasizes Medicaid savings following Minnesota fraud issues
Medicaid Reform and Fraud Crisis in Minnesota A recent Medicaid reform initiative in Indiana has highlighted an ongoing fraud issue in Minnesota, which is known for its deep-blue political landscape. The contrast is striking, especially in light of the significant savings Indiana has reported thanks to what one Republican describes as “common sense” actions. Indiana […]
I’m 60 with no savings and only $20K invested. I’m concerned my brother is mismanaging my trust and it might not last my lifetime.
Question I’m 60 years old and I don’t have any savings. I do have $20,000 in an online investment account. Each month, I get a check from a holding company that owns 24.75% of it. Plus, there’s a quarterly check from my real estate company, but honestly, I’m not sure how much that is. My […]
Is Your Retirement Savings Ready for an Emergency? Here’s What Many People Miss
Important points Diverse retirement strategies should include various income sources, tax implications, and timelines. Be aware of often-missed risks like long-term care expenses, inflation, and potential tax reforms. Incorporate annual stress tests and adaptable income tools to ensure your plan remains viable during unforeseen events. Having a retirement plan is one thing, but is it […]
Even with an income of $175K and savings of $3.5M, a 62-year-old lawyer shares his fear of retiring with Dave Ramsey.
Concerns About Retirement Even With Financial Security Steve, a 62-year-old lawyer from Raleigh, North Carolina, recently shared his thoughts with a personal finance expert. He found himself in a situation that many might consider enviable—no debt, a paid-off home, and $3.5 million saved for retirement. Yet, despite this financial security, he feels unable to retire […]
Lake City workers raise worries about retirement savings and paychecks
Concerns Rise Over Lake City Employee Salaries and Severance Pay LAKE CITY, S.C. — Some employees in Lake City are worried about their severance pay and whether the city can maintain their salaries. Officials indicated that the city is behind in paying the South Carolina Public Employee Benefits Administration (PEBA), which handles retirement and insurance […]
IRS Provides Information on Expanded Health Savings Accounts Due to New Tax Law
IRS Update on Health Savings Accounts (HSAs) The IRS has put out new information regarding changes to Health Savings Accounts (HSAs) as part of the One Big Beautiful Bill Act (OBBBA). This legislation broadens the eligibility criteria for HSAs and modifies the rules surrounding high-deductible health plans (HDHPs). This guidance outlines recent changes and clarifies […]
“I want to avoid living from one month to the next.” I’m a 68-year-old retired teacher with $800K in savings, but I reside in a costly state. I need assistance.
Financial Advice for a Retired Teacher “I’m 68 and retired, getting $4,500 a month from Social Security and my pension. I also have $400,000 in a brokerage account, $300,000 in inherited property, and $100,000 in a state retirement account. As a single mother, I managed to save despite limited time for a savings plan, but […]
Republicans advocate for high deductible plans and health savings accounts
Sarah Monroe used to enjoy a fairly stable middle-class existence. Living in a well-kept neighborhood near Cleveland, her family had a solid income and health insurance from her job. However, everything shifted about four years ago when she became pregnant with twins and began experiencing troubling symptoms. “I had to rush to the emergency room […]
Newborns receive a $1,000 tax-free savings fund that grows until they turn 18 — a revival of the American dream or a burden of debt?
Trump Account Initiative Aims to Support Newborns In July, President Trump enacted the One Big Beautiful Bill Act, creating the Trump Account, a no-tax savings program. This initiative will allocate a $1,000 deposit from the government for every newborn in the U.S. starting in 2025 through 2028. Beginning on July 4, 2026, families can contribute […]
Missouri Republican suggests enhanced health savings accounts for insurance and food
Proposal for New Health Account by Rep. Burleson In the ongoing debates over Obamacare in Congress, Rep. Eric Burleson from Missouri is introducing a novel concept—something akin to Health Savings Accounts (HSAs) that could facilitate not only health insurance purchases but also grocery shopping for healthier foods, like steaks. Burleson describes this initiative as a […]