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May 20, 2012
Save on health care, even as your body falls apart
Money Magazine
You managed to glide through your twenties and thirties without any major health issues. Yet, as the calendar pages turn, you're finding that a host of minor -- and perhaps a few major -- medical problems keep cropping up. The doctor shakes her head when she sees your blood pressure and cholesterol numbers.
It's inevitable: As you age, aches and pains appear, and your body costs more to maintain. A regime of blood pressure medication, for example, can easily run more than $1,000 a year. More info...
May 17, 2012
Succeeding as a 'boomerpreneur'
See how 10 entrepreneurs jump-started their careers after the age of 50 by going into business for themselves.
Jim Milligan, 59
Traverse City, Mich.
Worked for: Imation & 3M Company, as a general manager
Started in 2007: Fustini's, an oil and vinegar tasting room and bottling shop that now has 32 employees.
Milligan was intrigued by the success of such businesses in Europe. So he conducted elaborate market research to see if there would be demand for a similar store in the U.S.
Startup costs: $100,000
Revenue in 2011: $2.5 million
Salary in 2011: $150,000
His advice for you: "Look at industry trends in your community. Listen and pay attention to what's going on in the market."
More info...
May 17, 2012
Educating and empowering American consumers
by Gail Hillebrand
There are certain occasions in everyone’s life when one decision can have long-lasting effects. How will you pay for college? Which mortgage should you choose? Where will you turn when you need credit? When will you start saving for retirement? How you answer these questions and others like them can profoundly impact your financial future.
Unfortunately, too many graduates are entering the workforce saddled with student loan debt, limited employment opportunities, and important financial decisions for which they are often unprepared. There is simply too wide a gap between complex financial products and the level of education that many consumers have about them.
The Consumer Financial Protection Bureau (CFPB) is dedicated to closing that gap by making financial products more transparent and helping to educate consumers so they can make better-informed choices when pursuing their own financial goals. More info...
May 17, 2012
Will Adult Children Have to Pay Mom's Nursing Home Costs?
by Howard Gleckman
A Pennsylvania state appeals court has ruled that the adult son of a nursing home resident is responsible for her unpaid $93,000 bill. And the decision has some elder care lawyers wondering if this is just the beginning of a trend. More info...
May 17, 2012
10 tips for cheaper home insurance
Stacy Johnson Apr 17, 2012 11:19AM
Homeowners insurance is one of the most expensive things we pay for that we hope to never use.
In 2009 (the last year the information was available) the average homeowners insurance premium was $880, according to the Insurance Information Institute. But premiums go much higher in some areas. For example, in my home state of Louisiana the average premium was $1,430.
While you're forced to pay homeowners insurance, you don't have to pay top dollar.
Watch the short video below for tips from Money Talks News founder Stacy Johnson, then read on for more. More info...
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