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Money Management

7 Factors Secretly Skyrocketing Your Car Insurance Rates

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 Discover what has a major impact on your rates and on how to save on auto insurance. pathdoc / Shutterstock.com

Car insurance premium rates can feel arbitrary and unjust to many of us. But what affects car insurance rates — and why? Turns out, it’s not so arbitrary. Your rate is actually determined through a complicated algorithm aiming to predict how likely you are to cost your provider money. “Depending on the state, we may use your vehicle type, where you live, gender and age…

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Warren Buffett’s 2-Step Plan for Surviving a Bear Market

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 Stocks fell into bear-market territory on Monday. Fortunately, the Oracle of Omaha has just the advice to get you through a downturn. Kent Sievers / Shutterstock.com

Warren Buffett is arguably the greatest investor in history. So, when the markets fall hard — as they have in recent days before rallying a bit on Tuesday — it’s worth listening to what the CEO and chairman of the holding company Berkshire Hathaway has to say. In one of his annual letters to shareholders of Berkshire Hathaway several years ago, Buffett reminded us that major market declines are…

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Nearly Half of Americans Who Retire at This Age Will Likely Run Out of Money

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 Single women are especially at risk of exhausting their savings if they quit working too soon, research shows. 2468129725 / Shutterstock.com

For generations, 65 has been widely viewed as the traditional retirement age. But if you stop working when you reach this landmark birthday, there is a good chance you will regret it financially, according to recent research. Nearly half — 45% — of those who retire at age 65 are likely to run out of money before they die, according to the Morningstar Center for Retirement & Policy Studies.

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How a Backyard Trampoline Will Affect Your Home Insurance

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 Before you spring for that trampoline, know what it could mean for your home policy. Ramona Heim / Shutterstock.com

If your kids are bouncing off the walls all the time, you may be thinking of buying a trampoline. Better they bounce around in the backyard, right? A lot of parents have the same idea. But not surprisingly, homeowners insurance companies aren’t too fond of trampolines because they’re responsible for a lot of injuries. The American Academy of Pediatrics reports more than 1 million trampoline…

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Where You Can Find $700-a-Month Beach Town Rentals

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 Here’s where to make your retirement an affordable adventure you look forward to. AlexeMarcel / Shutterstock.com

Rising costs of living in the United States are a serious threat to quality of life … particularly for people on fixed incomes. Two-thirds of respondents in a survey by Corebridge Financial say that they fear running out of money more than they fear death. But there’s a simple solution that can change retirement from something to fear to an adventure to look forward to … retiring overseas.

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4 Smart Money Moves to Make Before the Fed Starts Cutting Rates

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 Rate cuts appear to be on the way. Here’s how to take advantage of them. Krakenimages.com / Shutterstock.com

After a couple of years of hiking interest rates, the Federal Reserve is finally indicating that it might soon lower its target federal funds rate for the first time since 2020. Recently, Federal Reserve chair Jerome Powell said a rate cut as early as September is now “on the table.” So it appears that lower interest rates could be just over the horizon. What does that mean for your wallet?

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