Most of us have heard that stocks have outperformed bonds in the long run. But what is the definition of long run? So far this century, have stocks really outperformed?
Advertisements touting reverse mortgages often leave older consumers confused about the loan terms and unaware of the risks, according to a new report from the Consumer Financial Protection Bureau.
You need some expensive medical care yet don't have the insurance or money to pay for it. Should you use a medical credit card that's pitched at some doctors' offices?
As the holiday shopping season gets under way, you may be tempted to buy that fancy flat-screen TV, a laptop with the latest technologies or a stylish sofa to replace the one your cat uses as a scratching post. (I'm talking to you, Indy). To pay for that big-ticket item, you may be tempted by rent-to-own deals in department stores that now offer them, like Kmart and Sears, according to a Bloomberg report.
Consider this: An older patient visits the dentist. The treatment she needs is expensive and not covered by Medicare. So the dentist offers her financing, on the spot, through a credit card plan. She accepts and gets the work done right away. When she gets the first month's bill, she's stunned to learn that the financing plan carries an interest rate of 30 percent.
Growing up 40 years ago, one of my favorite pastimes was playing The Game of Life, the classic Milton Bradley board game that takes players through their simulated lives - from college to retirement - with make believe jobs, families, and other life-changers all along the way. It was always a lot fun to play, and it gave me a chance to fantasize a little about what my own real-life future might be like.
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