Sentinel-Tribune: Money & Finance

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Transitioning To Work As A Young Adult With Disabilities

(NAPSI)—As young adults prepare to leave school and enter the workforce, Social Security’s Ticket to Work program can help make that a successful transition.

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Recent Headlines

Wednesday 12/04/2019
5 simple ways to teach kids financial literacy
Updated: December 06, 2019 - 2:47 am

(BPT) - Understanding finances and making smart money decisions is something many people struggle with. In fact, when asked to grade their own financial literacy most people give themselves a “C” or lower, according to new data from Prudential.

Monday 12/02/2019
8 credit score myths debunked
Updated: December 06, 2019 - 2:47 am

(BPT) - Although they’re widely used and an important part of our lives, most people find credit scores confusing. Often, consumers have a lack of accurate information about how and why credit reports and scores are used by lenders. Credit reports and scores allow banks and creditors to determine their risk in lending money to you, whether for a mortgage, car or other loan. Your credit history shows how likely you are to handle your debt responsibly — and pay it back in a timely manner.

Tips for the Best Financial You in the New Year
Posted: December 02, 2019

(StatePoint) At the same time that Americans are feeling the financial pinch of the holidays, they’re gearing up for 2020, with their top two goals being to save more and increase their credit scores, according to a national consumer survey by Experian.

Wednesday 11/27/2019
Pointers On Protecting Your Packages And Property
Updated: December 03, 2019 - 2:49 am

(NAPSI)—This holiday season, the Postal Service™ looks forward to delivering a great deal of holiday cheer, along with more than 15 billion mail pieces. The United States Postal Inspection Service®, the federal law enforcement arm of the Postal Service, is working to keep your important shipments safe and prevent mail and parcel theft.

Four Personalized Gift Ideas for Some of the Hardest People on Your Shopping List
Updated: December 03, 2019 - 2:49 am

(NAPSI)—If you’re like many people, you’re sometimes stumped by what to give certain special folks on your list: your grandma, your mother-in-law or a cousin you rarely see.

Tuesday 11/26/2019
The Retirement Balancing Act: Safeguarding Your Retirement Nest Egg as a Caregiver
Updated: November 28, 2019 - 2:59 am

(NAPSI)—According to the U.S. Census, by 2035, older generations are projected to outnumber children for the first time in U.S. history, thus increasing the need for caregivers. Millions of adults, including Boomers, are already taking care of loved ones and facing new realities that require sacrifices to provide care.

Enter the Money Smart Kids Contest to Win Big For Your Child’s School
Updated: November 28, 2019 - 2:59 am

(NAPSI)—If you think your kids could be more money conscious, you’re far from alone. In fact, according to the National Financial Educators’ Council, fewer than one in four children talk to their parents about money with any frequency. Fortunately, teaching kids about managing money can pay off in more ways than one. It can mean thousands of dollars could come to their school and other deserving recipients as part of an inspirational contest.

Monday 11/25/2019
How Much Will This Holiday Season Cost You?
Posted: November 25, 2019

(StatePoint) According to one unique and whimsical economic indicator -- The PNC Christmas Price Index -- “true loves” will find all is calm when putting the gifts under the tree this holiday shopping season.

How to Help Young Adults Build Credit History
Posted: November 25, 2019

(StatePoint) As young adults establish their financial independence, they may be overwhelmed with enticing credit card offers. Free airfare, cashback and special introductory rates may be tempting, but choosing the right card is more important than snagging some fun freebies.

Friday 11/22/2019
How to protect yourself from the lottery scam [Video]
Posted: November 22, 2019

Thursday 11/21/2019
Postal Service Tips For A Less-Stressed Holiday
Updated: November 27, 2019 - 2:42 am

(NAPSI)—The U.S. Postal Service plans for its peak season all year long. With more than 240 years of experience delivering the holidays, the Postal Service is uniquely qualified to make this magical season the best one yet. Here are some tips to help everyone have a happier, less-stressed holiday by getting greeting cards and packages delivered on time and intact.

Make Money Renting Your Second Home
Updated: November 27, 2019 - 2:42 am

(NAPSI)—If you’re ever thinking about investing in a second home or listing your property as a vacation rental, you’ll be in good company. New research on the global second-home market reveals for the second straight year that more homeowners are buying a second home to use as a vacation rental rather than for their own use. Just under half of surveyed homeowners reported buying a second home primarily for use as a short-term rental.

Americans Motivated to Improve Holiday Finances
Posted: November 21, 2019

(StatePoint) Americans are taking proactive steps to keep holiday spending in check and be financially ready for next year, according to an Experian national consumer survey.

Wednesday 11/20/2019
Get Help Getting Into The Workforce
Updated: November 22, 2019 - 2:50 am

(NAPSI)—For many Americans—maybe you or someone you care about—2020 could be a milestone year.

How Companies Can Help Employees With Student Loan Debt
Posted: November 20, 2019

(StatePoint) After paying monthly student loan minimums, many Americans have just enough to cover basic living expenses, which means that when unexpected expenses arise, they often end up defaulting on their student loans. 

Tuesday 11/19/2019
Deliver Happiness, Earn Money, This Holiday Season
Updated: November 21, 2019 - 2:34 am

(NAPSI)—An increasing number of people in the United States—some 17 million a year according to the experts at the American Staffing Association—are earning extra income in new and creative ways during the holidays and beyond.

Friday 11/15/2019
5 Reasons Why You Need a Financial Plan Before a Recession
Posted: November 15, 2019

(StatePoint) With speculation swirling that the U.S. economy is heading for another recession, you might be wondering what you can do to protect yourself from feeling the pinch of a slowing economy.

Wednesday 11/13/2019
Thinking About Refinancing? 5 Things to Consider
Posted: November 13, 2019

(StatePoint) Mortgage rates have recently hit near-record lows and Freddie Mac predicts rates will remain low for the foreseeable future.

Tuesday 11/05/2019
Navigating Cancer Costs? Consider These 3 Steps
Updated: December 06, 2019 - 2:47 am

(BPT) - The rising cost of cancer care affects virtually every patient undergoing treatment for cancer, including patients who have health insurance. The Leukemia & Lymphoma Society (LLS), a global leader in the fight against cancer, has found that patients experience the financial burden of cancer care for many years following diagnosis, as survivorship typically involves continuous treatment and follow-up care.

Monday 11/04/2019
Closing in on A Killer
Posted: November 04, 2019

(NewsUSA) - Lung cancer is the nation's leading cancer killer, expected to claim more than 142,000 lives this year alone. That is more than the lives lost due to breast, colon and prostate cancers combined.

Creative Ways to Budget for a Cheery Holiday Season
Posted: November 04, 2019

(StatePoint) The holidays are fast approaching, making now the time to consider some wise strategies to get the most out of the season, without wreaking havoc on your personal finances.

Wednesday 10/30/2019
Let Work Incentives Work For You
Updated: November 02, 2019 - 3:37 am

(NAPSI)—If you receive Social Security disability benefits and want to work, Social Security Work Incentives can allow you to keep your healthcare (Medicare and Medicaid) and, in some cases, cash benefits as you begin working. These Work Incentives are designed to encourage and support beneficiaries who want to return to the workforce or work for the first time.

Monday 10/28/2019
Kick Off Your College Financial Aid Game This Fall
Updated: December 03, 2019 - 2:47 am

(NewsUSA) - Fall is here, and high school seniors (and their parents) are in the thick of the college application process.

Future-proofing Tips For Texas Building Owners
Updated: October 31, 2019 - 2:42 am

(NAPSI)—Texas is a great place for companies to do business and developers are building fast to keep up. Texas also experiences extreme weather and forces property owners to think seriously about how their new facilities can endure these extremes.

Thursday 10/24/2019
Get hitched without a hitch!
Updated: December 06, 2019 - 2:47 am

(BPT) - Your wedding is one of the most memorable days of your life. To pull off the big day of your dreams, it is important to have a plan in place.

These Behaviors Make You A Scam Target
Updated: October 26, 2019 - 2:34 am

(NAPSI)—If you spend a lot of time on social media sites or looking for great online deals, you may wear a bullseye when it comes to scammers hunting for prey, according to groundbreaking fraud research from the FINRA Investor Education Foundation, BBB Institute for Marketplace Trust and the Stanford Center on Longevity.

Thursday 10/17/2019
6 Tips to Celebrate Within Your Means This Holiday Season
Posted: October 17, 2019

(StatePoint) For many families, the holiday season is the most expensive time of year. Americans spent over $707 billion dollars during the 2018 holidays, according to the National Retail Federation, and it would be no surprise for spending to increase in 2019.

Wednesday 10/16/2019
Explore Work With Confidence
Updated: October 19, 2019 - 2:31 am

(NAPSI)—With unemployment at a 50-year low, companies are eager to draw talent from a diverse pool of job seekers, and organizations have recognized the inherent value in a diverse workforce that includes qualified employees with disabilities.

Tuesday 10/15/2019
Study Shows Gift Cards Can Give A Boost To Small Businesses
Updated: October 19, 2019 - 2:31 am

(NAPSI)—If you own or run any of America’s nearly 31 million small businesses, recent research reveals gift cards can be a real gift to your bottom line. According to a 2019 Small Business Gift Card Study commissioned by First Data, now Fiserv, gift card programs help small business owners bring in more sales, attract new customers, and build relationships with their customers.

Saturday 10/12/2019
Are Millennials Paying Enough Attention to Their Credit Scores?
Posted: October 12, 2019

(StatePoint) Millennials are no strangers to watching numbers. Lives today are affected by a vast number of online and social media statistics -- likes, followers, scores and ratings. However, a new survey suggests that despite the time and attention this generation devotes to social media, they are more focused on the importance of a very different number: their credit scores.

Friday 10/11/2019
Investing tips for smart and steady growth for Connecticut residents
Posted: October 11, 2019

(BPT) - From mobile deposits to apps that transfer money in the blink of an eye, financial technology (or fintech) is disrupting the financial marketplace in new ways. The latest example is an innovation in the annuity marketplace that expands online access to a conventional retirement product, offering a smart tool for savers, even those years out from retirement.

Traditionally, people have thought of annuities as set-it-and-forget-it insurance products designed to supplement retirement income. The idea was to leave your money in the annuity and then eventually receive steady payouts over time, but there was the potential for harsh penalties if you withdrew your money early. But not all annuities are the same. Now, there's a new type of offering for Connecticut residents — a short term fixed annuity you can buy directly online — that provides a new option for saving.

These fixed deferred annuities are brought to you by Gainbridge, a new savings platform that offers streamlined, simplified annuities with clear fees, terms and conditions. These products, as an addition to a well-rounded financial plan, provide straightforward, high-yield, simplified growth without the complexity traditionally associated with annuities.

The business offers fixed deferred annuities that can be withdrawn as a lump sum or as a stream of payments at the end of the investment period. Here’s how it works:

  • Smart returns: Customers earn higher interest rates (3.75%-4.00% as of September 2019) because the company eliminates complexity and maximizes efficiency by offering products that are simple, intuitive and backed by smart and secure technology.
  • Investment terms from three to 10 years: Customers can pick their investment period to lock in a guaranteed fixed rate. At maturity, they can choose to renew the annuity for another term or withdraw their investment as a lump sum or as a stream of monthly payments for five to 10 years.
  • The power of compounding: Since deferred annuity returns are taxed only when withdrawn, investors benefit from a three-times compounding effect: interest on the initial investment, interest on earned interest, and interest earned on money that would’ve gone to taxes if that money had been invested in a product that’s immediately taxable, like a CD or high-yield savings account.
  • Access to your money: High rates are offered with the expectation that investors will maintain their contract for the entire investment period. But life happens. Investors can withdraw up to 10% of their account value every year, after the first year, without penalty. New investors can cancel their contract up to 30 days after purchase with no fees or questions asked.
  • Peace of mind: These annuity rates aren’t subject to the market’s ups and downs — your rate is guaranteed, ultimately giving customers peace of mind and principal protection compared with investments in stocks, bonds or mutual funds.

Fixed deferred annuities can be a great savings tool if you’re approaching retirement or a bit further out and focused on accumulation. You should know that if you withdraw funds at an age younger than 59 and 1/2, you may face IRS penalties of 10% on your earnings (not on your principal). Many investors find this does not create a significant dent in the interest they earn.

Now available in Connecticut, along with 22 other states, including AZ, DC, FL, GA, IL, IN, MA, MD, MI, MN, MO, NC, NJ, NV, OH, OR, PA, TN, TX, VA, WA, and WI, Gainbridge was developed by Group1001, a family of companies striving to make investment products more useful and intuitive for everyone and the official sponsor of the Indy 500. An annuity is a steady way to grow your money — whether you need it in just a few years or much further down the line. If you’re looking to invest for three or more years, it offers more flexibility and better rates than CDs, smart tech that puts the power back in the hands of the consumer and a guaranteed way to balance risk in a portfolio. All without the usual fuss and hidden fees. Find out more by visiting

The Gainbridge multi-year guarantee and immediate annuity products, form numbers GB-SPIA-01 and GB-MYGA-01, respectively, or variations of such, are issued by Guggenheim Life and Annuity Company (d/b/a Guggenheim Life and Annuity Insurance Company in California; NAIC#83607) ("Guggenheim Life"), a Delaware-domiciled insurance company with its principal office in Indianapolis, Indiana. Gainbridge annuities and/or certain features may not be available in all states. Guggenheim Life is currently licensed and authorized to do business in 49 states (all states except New York), the District of Columbia and Puerto Rico.

Wednesday 10/09/2019
Feeling Ready For Work? This Could Be Your Year
Updated: October 11, 2019 - 2:31 am

(NAPSI)—Whether you’re looking for a job for the first time or trying to return to the workforce, you don’t have to do it alone.

As The Cost Of Long-Term Care Increases, It Pays To Know Your Options
Updated: October 12, 2019 - 2:33 am

(NAPSI)—According to AARP, there are 10,000 people turning 65 every day—a figure that is expected to be consistent until 2030. As these Americans continue to prepare for and enjoy their retirement years, more and more are factoring the cost of aging into their financial plans. For good reason: The Administration for Community Living, a part of the Department of Health and Human Services, estimates about seven in 10 people turning 65 will need some type of long-term care services either at home, in their community, or in a facility.

Monday 10/07/2019
5 vehicle upgrades worth the investment
Updated: December 06, 2019 - 2:47 am

Buying a car, truck or SUV is a big investment. To protect that investment, most people make sure they keep up with the necessary maintenance and safety recalls, as well as getting sufficient insurance coverage.

Wednesday 10/02/2019
Key Questions to Help You Choose a Medicare Plan
Updated: November 21, 2019 - 2:32 am

(NewsUSA) - If you're one of 56 million Americans eligible for Medicare, it's important to understand coverage options when selecting your health plan for 2020.

Tuesday 10/01/2019
Free yourself from living paycheck to paycheck
Updated: October 02, 2019 - 2:56 am

(BPT) - About 80% of Americans live paycheck to paycheck, often struggling between paydays. If this is a challenge for you, here are three easy ways that can help you get from one paycheck to the next with ease, avoid financial pitfalls, and even come out ahead.

Do You Need Flood Insurance? The Answer Is A Resounding “Yes”
Updated: October 03, 2019 - 2:49 am

(NAPSI)—Floods are the most common and costly natural disasters occurring in the United States today. They can impact anyone, anywhere, at any time. Yet only 15 percent of Americans choose flood insurance, leaving countless properties uninsured. Just one inch of water can cause thousands of dollars in damage.

Do You Need Flood Insurance? The Answer Is A Resounding “Yes”
Updated: October 06, 2019 - 3:10 am

(NAPSI)—Floods are the most common and costly natural disasters occurring in the United States today. They can impact anyone, anywhere, at any time. Yet only 15 percent of Americans choose flood insurance, leaving countless properties uninsured. Just one inch of water can cause thousands of dollars in damage.

Monday 09/30/2019
H&R Block can offer solutions to taxpayers who have or will receive an IRS letter or notice
Updated: December 06, 2019 - 2:47 am

(BPT) - In addition to its typical cadence of taxpayer correspondence, the IRS has also begun sending roughly 10,000 letters to taxpayers with virtual currency transactions that may have been unreported or misreported, as well as another tranche starting in late September to taxpayers with estimated tax obligations. This is in addition to the 720,000 IRS letter audits, 2 million math-error notices, 3 million underreported income letters, and 13.2 million letters on delinquent accounts and liens and levies that the IRS sends annually. While the cryptocurrency and estimated tax notices may garner extra attention, H&R Block (NYSE: HRB) cautions taxpayers that the volume of IRS letters and notices show that the possibility of needing to interact with the IRS after the April tax filing deadline is much more common than taxpayers realize.

Thursday 09/26/2019
Tips to Get Empowered and Take Control of Your Financial Life
Posted: September 26, 2019

(StatePoint) Consumers face major financial decisions at every stage of life. But experts say a basic understanding of financial concepts can help you make better decisions related to money management and reduce your stress at the same time.

Friday 09/20/2019
Estate Planning: Most People, Alas, Fail to Make Crucial Decisions
Updated: November 05, 2019 - 2:33 am

(NewsUSA) - How best to put this delicately?

Thursday 09/19/2019
With tax extensions up, October tax deadline nears
Posted: September 19, 2019

(BPT) - The IRS projected that more people than ever before — 14.6 million — would file an extension. That estimate may have been conservative, given how tax reform influenced people to delay filing as they figured out what tax reform meant for them.

Would you like the power to own your own home? Here are 4 steps to follow if you want to make your dream a reality
Posted: September 19, 2019

(BPT) - For many people, a monthly mortgage payment may be manageable, but their biggest obstacle is the upfront expense — namely down payment and closing costs — of buying a home. In fact, according to the Bank of America Spring 2019 Homebuyer Insights Report, 69% of prospective homeowners say saving enough money for a down payment and closing costs is the biggest challenge they face.

7 Traits to Look for in a Financial Planner
Posted: September 19, 2019

(StatePoint) When looking for a financial planner who can bring all the pieces of your financial life together and put you in the driver’s seat of your own financial future, experts say it’s important to look beyond his or her resume.

Saturday 09/14/2019
How to Protect Yourself From Financial Fraud
Posted: September 14, 2019

(StatePoint) There are more than 300,000 professional financial advisors in the U.S. It’s fair to say that a majority are dedicated to helping their clients achieve their financial goals. However, some unethical individuals seek to take advantage of clients’ trust and lack of financial knowledge to benefit themselves.

How New Tech Could Help You Manage Your Money
Posted: September 14, 2019

(StatePoint) From fitness apps monitoring daily activity to calendar apps that send appointment reminders, having high-quality, real-time information in the palm of your hand can be an effective way to stay accountable to your goals. So if you’re looking to better manage your money, it may be time to consider how an app can help.

Thursday 09/12/2019
Yes, There May Be A Positive to Come Out of the Student Debt Crisis
Updated: October 29, 2019 - 2:32 am

(NewsUSA) - Are all those stories about crippling student debt having an effect on college campuses? Just ask post-Millennials now trying - albeit not always successfully - to avoid being saddled with the same heavy burden of debt as their predecessors.

Could You Pay Your Mortgage on One Income? Here’s What to Know
Posted: September 12, 2019

(StatePoint) For many people, getting married and buying a house is still part of the American Dream. That’s reflected in the numbers. The homeownership rate among married couples in the U.S. is 80 percent, according to recent data reported by Statista. But what if something were to happen to you or your spouse? Would the person left behind still be able to afford the mortgage?

Wednesday 09/11/2019
Meeting The High Cost Of Higher Education
Updated: September 14, 2019 - 2:32 am

(NAPSI)—If you or someone you care about is—or hopes to be—a college student soon, a few facts and stats may prove educational: