Retirement accounts like 401(k)s are usually simple. They mostly hold stocks and bonds. But things might change soon. An order from President Trump wants to add new types of investments to these accounts. These include cryptocurrency, real estate, and private equity. Private equity firms buy companies, often those in trouble. Sometimes they fix these companies. Othe...
Many people assume Medicare covers long-term care, but that's not the case. This mix-up could lead to big financial problems for seniors. Long-term care includes help with daily tasks like bathing or dressing. Over 80% of people will need this help at some point. The confusion is clear: 58% of adults think Medicare covers long-term care, but it doesn't. Medicare onl...
A well-known hardware store in Waterbury is on the market. The store has been a mainstay for a century. It is now looking for a new owner. The store, located on Chase Avenue, is up for sale for just under $2. 8 million. This includes the hardware store, a garden center, and a repair shop. The family that owns it has decided it is time to move on. ...
Imagine you've been running a chiropractic practice for 32 years, and suddenly, you want a change. You're 59, and the idea of a second act is exciting, but where do you start? First, you need a plan. It's not just about walking away from your practice; it's about finding what you love next. Maybe you stay in health and wellness, or maybe you try something new. You co...
Starting a small business is tough. But have you thought about what happens when you want to retire? It turns out, figuring out how to step away can be even more challenging. Mike Roach, who co-founded Paloma Clothing in Portland, Oregon, in 1975, realized he needed a plan after nearly 50 years. His manager, Traci Burnes, played a crucial role in navigating the pande...
Health costs are a major worry for U.S. retirees. Long-term care, like nursing homes and home health aides, isn't covered by Medicare. This can lead to huge bills late in life. Planning for these costs is key, says Christine Benz, director of financial planning at Morningstar. Retirement expenses usually go down, but long-term care can cause them to spike. This ...