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Latest Debt News
What Happens to Your Debt When You Die? What Your Family Is — and Isn’t — Responsible For
Debt doesn’t automatically transfer to your children when you die. The estate generally pays valid debts, although co-signers, joint borrowers,…
Can an Old Student Loan Really Reduce Your Social Security Check? Here’s What Older Borrowers Should Know
Defaulted federal student loans can legally put some Social Security benefits at risk through Treasury offset. Collections are currently delayed,…
4 Economy Hotel Chains at the Bottom of J.D. Power’s Guest Satisfaction Rankings
National guest-satisfaction rankings can flag hotel brands worth researching, but travelers should still investigate the exact property before booking. Nikonysta/Shutterstock…
You’re Named as Someone’s Power of Attorney — 8 Things to Know Before You Ever Use It
Being named as someone’s power of attorney does not give you unlimited control. Agents must follow the document, act in…
IRS Proposes New Funding Rules for Traditional Employer Pension Plans
The IRS is proposing updated regulations governing how single-employer defined-benefit pension plans calculate minimum funding requirements. The proposal does not…
Retired With a Mortgage? Ask These 7 Questions Before Using Savings to Pay It Off
Paying off a mortgage can lower monthly retirement expenses, but don’t overlook taxes and liquidity. Make sure the payoff won’t…
Your Prescription Is Still Covered by Medicare — So Why Did the Price Suddenly Jump?
A Medicare Part D prescription can remain covered even when your price changes. Deductibles, drug tiers, coinsurance, pharmacy choice, and…
Before You Donate to Goodwill, Ask These 10 Questions — Your Stuff May Do More Good Somewhere Else
Goodwill is a convenient destination for unwanted belongings, but different donation options can produce very different results depending on what…
If You Become Incapacitated, Who Can Access Your Bank Account?
Incapacity does not automatically give an adult child access to a parent’s individual bank account. A durable financial power of…
Costco Is Launching Medicare Plans — Here’s What Seniors Need to Know Before Open Enrollment
Costco is entering the Medicare market in three states. Image depicts a Costco pharmacy location in Wharton, NJ, USA –…
