Medicare beneficiaries would need more than $300,000 for healthcare costs in retirement: EBRI

Medicare beneficiaries would need more than $300,000 for healthcare costs in retirement: EBRI

Medicare beneficiaries in retirement would need to have saved anywhere from $96,000 to $383,000 to cover most of their healthcare needs, according to EBRI. The organization found that in general, Medicare Advantage enrollees have lower savings targets. But these private industry plans have their pros and cons.

Medicare beneficiaries in retirement would need to have saved anywhere from $96,000 to $383,000 to cover most of their healthcare needs, according to EBRI. The organization found that in general, Medicare Advantage enrollees have lower savings targets. But these private industry plans have their pros and cons.

Seniors worry Social Security increase not enough to cover rising costs: Survey

Seniors worry Social Security increase not enough to cover rising costs: Survey

More than half of survey respondents said the latest increase to Social Security benefits doesn't adequately cover rising costs. As inflation rises, the increase in spending exceeded the latest 8.7% COLA adjustment.

More than half of survey respondents said the latest increase to Social Security benefits doesn't adequately cover rising costs. As inflation rises, the increase in spending exceeded the latest 8.7% COLA adjustment.

You missed the tax deadline. Now what?

You missed the tax deadline. Now what?

The tax deadline is a little over a week away, but if you miss it, don’t worry, the IRS has options to avoid paying fees and penalties.

The tax deadline is a little over a week away, but if you miss it, don’t worry, the IRS has options to avoid paying fees and penalties.

Gas prices increase as OPEC cuts oil production

Gas prices increase as OPEC cuts oil production

After OPEC announced it intends to decrease production starting in May, gas prices increased, according to AAA’s latest gas prices report.

After OPEC announced it intends to decrease production starting in May, gas prices increased, according to AAA’s latest gas prices report.

Mortgage rates continue to decline: Freddie Mac

Mortgage rates continue to decline: Freddie Mac

The average rate for a 30-year fixed-rate mortgage dropped to 6.28% for the week ending April 4, according to Freddie Mac's Primary Mortgage Market Survey.

The average rate for a 30-year fixed-rate mortgage dropped to 6.28% for the week ending April 4, according to Freddie Mac's Primary Mortgage Market Survey.

IRS promises more audits of wealthy taxpayers, better customer service

IRS promises more audits of wealthy taxpayers, better customer service

IRS officials pledge not to raise audit rates on small businesses and households making under $400,000 annually. A new report from the agency says most of the money for the program is to pursue high-wealth individuals and companies.

IRS officials pledge not to raise audit rates on small businesses and households making under $400,000 annually. A new report from the agency says most of the money for the program is to pursue high-wealth individuals and companies.

Virgin Orbit to layoff 85% of their workforce

Virgin Orbit to layoff 85% of their workforce

The City of Long Beach, where their headquarters are located, will host a series of in-person and virtual Rapid Response Sessions to help those laid off.

The City of Long Beach, where their headquarters are located, will host a series of in-person and virtual Rapid Response Sessions to help those laid off.

Most Americans don’t know these financial solutions could help lower their tax burden: survey

Most Americans don’t know these financial solutions could help lower their tax burden: survey

Only 2% of Americans can correctly identify financial solutions with tax advantages, despite one in three saying they prioritize investments that would help them pay less in taxes either now or in the future, a recent Lincoln Financial Group survey said.

Only 2% of Americans can correctly identify financial solutions with tax advantages, despite one in three saying they prioritize investments that would help them pay less in taxes either now or in the future, a recent Lincoln Financial Group survey said.

These are February's hottest housing markets

These are February's hottest housing markets

Thirteen of the top 20 hottest home markets in February had median listing prices below the national median, the report from Realtor.com said.

Thirteen of the top 20 hottest home markets in February had median listing prices below the national median, the report from Realtor.com said.

Renter resources available after LA eviction moratorium ends

Renter resources available after LA eviction moratorium ends

Los Angeles' eviction moratorium ended last week after nearly three years, but there are still city resources available to help protect renters from wrongful eviction.

Los Angeles' eviction moratorium ended last week after nearly three years, but there are still city resources available to help protect renters from wrongful eviction.