More stories

  • Spouse in Nursing Home Raises Poverty Risk

    Spouse in Nursing Home Raises Poverty Risk

    November 17, 2022 Spouse in Nursing Home Raises Poverty Risk When nursing home care uses up a widow’s savings, the federal Medicaid program will kick in and cover her bills for care. But it’s more complicated for couples. If one spouse moves into a nursing home and the bills start piling up, the person who […] More

  • Paid Sick Time Spreading in the COVID Era

    Paid Sick Time Spreading in the COVID Era

    November 15, 2022 Paid Sick Time Spreading in the COVID Era The pandemic has done good things for paid sick time. Today, 77 percent of all employees in the private sector get paid time off for short-term illnesses and preventive medical care. That’s a modest four points higher than in 2019 but at least it’s […] More

  • Colorado couple retired early and built a net worth of $1.5 million

    Colorado couple retired early and built a net worth of $1.5 million

    Debbie Emick remembers the moment that changed her outlook on money forever. In 2014, shortly after she and her husband, Chris, had welcomed their second daughter into the world, Debbie received bad news: Symptoms of a chronic illness discovered in 2012 were worsening. Nevertheless, she was determined to hold on her career as an elementary […] More

  • Millennial was incarcerated as a teen—now he brings in $150,000

    Millennial was incarcerated as a teen—now he brings in $150,000

    This story is part of CNBC Make It’s Millennial Money series, which details how people around the world earn, spend and save their money. Marquis Mckenzie Sr. currently has a lot going for him. The 32-year-old brings in $150,000 a year between running his own commercial cleaning business in Orlando, Florida, and working at the Florida Rights […] More

  • Traditional Medicare or an Advantage Plan?

    Traditional Medicare or an Advantage Plan?

    November 10, 2022 Traditional Medicare or an Advantage Plan? Medicare Advantage or traditional Medicare with supplemental insurance: which should you choose? A compelling reason so many 65-year-olds are flocking to Medicare Advantage insurance policies is that they tend to have significantly lower premiums than enrolling directly in traditional Medicare. Retirees are also inundated with advertisements […] More

  • A New Link Between Opioids and Disability

    A New Link Between Opioids and Disability

    November 8, 2022 A New Link Between Opioids and Disability Picture a worker who has an injury so traumatic that he or she is rushed to the emergency room. A doctor prescribes an opioid to ease the pain. A new working paper adds to the growing evidence that taking opioids, even when necessary, can have […] More

  • Saving for a short-term goal? Here's where to put your money

    Saving for a short-term goal? Here’s where to put your money

    Whether the market is up or down, younger investors get the same advice over and over: Invest consistently in a broadly diversified stock portfolio, and don’t look back. If you’re investing for a long-term goal, such as retirement, this thinking is sound. Compared with other types of investments, stocks offer a high potential return on […] More

  • Banks Could be More Retiree Friendly

    Banks Could be More Retiree Friendly

    November 3, 2022 Banks Could be More Retiree Friendly Anyone who has lived paycheck to paycheck is familiar with the headache of overdraft charges. Due to a slight miscalculation at the end of a tough month, there isn’t enough money in the account to cover a check. The bank pays the check but charges an […] More

  • How Older Workers Adapt to New Disability

    How Older Workers Adapt to New Disability

    November 1, 2022 How Older Workers Adapt to New Disability One in four workers who are still healthy in their mid-50s will experience a disability in the next few years that will make working more difficult. Sometimes the disability stems from a sudden medical problem such as a heart attack, but many disabilities are just […] More

  • A Start on Estimating Retiree Medical Costs

    A Start on Estimating Retiree Medical Costs

    October 27, 2022 A Start on Estimating Retiree Medical Costs New Medicare enrollees can expect their uncertain medical expenses to take roughly $67,000 out of the household budget, on average, over the rest of their lives. Since this estimate is only an average, some retirees will pay less and some will pay much more. And […] More