The Social Security Expansion Act aims to enhance financial assistance by $200 per month for individuals already receiving Social Security benefits or those who will turn 62 in 2023. Stimulus checks will be distributed to people with disabilities, low-income families, and senior citizens based on criteria established by each state government. The assistance is intended … Read more
Whether you’re looking to save money or simply unhappy with your homeowners insurance company, you can switch providers at any time. That said, you want to follow the right steps to ensure you get the financial protection you need and avoid a lapse in coverage (and its resulting consequences). Below, CNBC Select explains the step-by-step … Read more
Climate change has made hurricanes, wildfires and other natural disasters more prevalent and devastating in recent decades, with a huge economic impact in the US. Average losses from insured catastrophes have risen 700% since the 1980s, according to the Insurance Information Institute. And the National Centers for Environmental Information predicts wildfires will cause roughly $5.6 … Read more
Dexter Tiah was only two years into his first job when he accumulated enough to start his first S$100,000 investment portfolio. The investor and author of the personal finance book Laughs, Losses and Lessons, shares with Andrea Heng how he achieved this. Source link
We all know divorces are not uncommon in the U.S. Some of the most public splits over the years have included those of celebrities such as Johnny Depp and Amber Heard, Jennifer Lopez and Marc Anthony, Katie Holmes and Tom Cruise, and most recently, Joe Jonas and Sophie Turner. In 2021, there were nearly 700,000 … Read more
When visiting a bank branch to purchase a financial product, it is essential to understand the various forms of mis-selling that can occur. Mis-selling refers to the unethical practice of selling financial products to customers without providing accurate and complete information about the product, resulting in the customer making ill-informed decisions. “Banks must ensure their … Read more
Consider this scenario: Did you buy a health insurance cover of Rs. 3 – 5 lakhs for your family a few years back? At that time, the cover amount would have been adequate, but not today. Consider another scenario: Your employer provides you a health insurance cover of Rs. 3 – 5 lakhs for your … Read more
Morsa Images | Getty Images Whether you’re a new or a seasoned investor, exchange-traded funds, or ETFs, are one option for your portfolio, depending on your goals and risk tolerance, experts say. ETFs are a wrapper for individual assets such as stocks and bonds, similar to mutual funds. However, many ETFs have better tax efficiency … Read more
Diwali signals the commencement of a new year for numerous Hindus in India. Spanning five days, this festival is marked by the illumination of lights, vibrant fireworks, and festive feasts. The significance of designating this celebration as the harbinger of a new start lies in its association with the goddess Lakshmi, the revered Hindu deity … Read more
Tetra Images | Tetra Images | Getty Images Families preparing for Thanksgiving will find that turkeys are cheaper this year. The U.S. bird population recovered from last year’s avian flu, boosting supply and helping push down prices. This year, a 16-pound frozen whole turkey costs $27.35 on average, a 5.6% decrease from 2022, according to … Read more