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Unlike private health insurance, Part D drug plans have no cap on patients’ 5% coinsurance costs once they hit $6,550 in drug spending, which forces patients to rely on financial assistance programs. These arrangements, however, do nothing to reduce drug prices.
January 5 -
From COBRA premiums to long-term care, there are surprising uses for funds in these tax-advantaged accounts.
December 4 -
Older American workers are feeling more unsettled than ever as the COVID-19 pandemic marks the second major financial setback they’ve endured in little more than a decade.
October 26 -
Aside from refinancing, retirees are advised to consider downsizing their homes to reduce overall spending.
March 4 -
Seniors choosing between traditional and Roth IRAs must account for their current and future tax rates.
February 20 -
While retirement readiness among Americans has improved in general, Gen Xers are struggling with housing, college and medical costs, a survey finds.
January 31 -
“The advice I give is to calculate the financial impact for each option,” an expert says.
January 15 -
Ill-prepared investors are advised to vigorously plan their expenses and aggressively save in their 401(k)s and IRAs.
January 9 -
Financial planners should at least consider modeling early retirement to prepare clients for the possibility of uncertainty, says Morningstar.
December 31 -
Workers from both generations share similarities — and financial pressures — when planning for retirement, writes an expert.
December 26