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Big Social Security COLA Will Be Offset By Medicare Premiums-ReutersBy: Ally67702 comments42 Month CD Earning 2.3%.By: Ally67702 commentsFederal Reserve, In Show Of Confidence, Raises Interest Rate Again - The New York TimesBy: Ally677026 commentsFiduciary Rule Takes Effect Friday - Here's What You Should KnowBy: cumulus4 comments

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Posted by: Ally6770  |   11 votes  |  2 Comments

Retirees can look forward to the largest Social Security cost-of-living adjustment next year since 2012 - but don’t break out the champagne just yet. For many, read more

Posted by: Ally6770  |   4 votes  |  17 Comments

 Nursing homes, home care and community-based programs for the elderly account for almost two-thirds of Medicaid spending. With another 800 billion projected read more

Posted by: Ken Tumin  |   3 votes  |  Comment

Thirty-four of the largest banks operating in the U.S. cleared a Federal Reserve stress test of their ability to withstand economic shocks, showing firms are read more

Posted by: Ally6770  |   5 votes  |  2 Comments

Inova credit union is offering a 42 month CD earning 2.30% interest. If you invest $100,000 a $75 gift card is  offered. 

Posted by: Ally6770  |   6 votes  |  26 Comments

The Fed also detailed its plans to reduce investment holdings, a step Fed officials expect to take this year.

Posted by: Ally6770  |   1 vote  |  Comment

The new "Fiduciary Rule" changes how you work with your retirement planner. Here’s what you need to know.

Posted by: Ally6770  |   1 vote  |  4 Comments

Chicago Fed President Charles Evans on Monday said the Fed could be done raising interest rates this year. In a speech to economists at New York University, Evans read more

Posted by: Ally6770  |   2 votes  |  Comment

LONDON — Barclays, its former chief executive and three other former senior managers were criminally charged on Tuesday over agreements the bank struck with read more

Posted by: Ally6770  |   6 votes  |  Comment

Which state should pre-retirees call home? With this in mind, LPL Research in May published its annual Retirement Environment Index, which takes a holistic read more

Posted by: Ally6770  |   5 votes  |  2 Comments

FRANKFORT, Ky. — An eastern Kentucky disability lawyer scheduled to be sentenced next month for defrauding the government of nearly $600 million has disappeared, read more

Posted by: Ken Tumin  |   7 votes  |  4 Comments

Kiplinger article offers a few tips on brokered CDs which included a couple of quotes from me. Here's one important thing to know about brokered CDs:FDIC coverage read more

Posted by: me1004  |   3 votes  |  Comment

San Francisco online lender and financial start-up SoFi has taken the first step to moving into traditional banking, filing an application with the FDIC for federal read more

Posted by: Inflation_Hawk  |   2 votes  |  Comment

The trailing 12 month CPI-U for May was 1.9%.  It's down from April's 2.2%.  This is the non-seasonally adjusted rate that includes fuel and food read more

Posted by: cumulus  |   6 votes  |  4 Comments

The “fiduciary duty rule” — a federal regulation planned under the Obama administration and also known as the “conflict of interest rule” — goes into effect read more

Posted by: Ally6770  |   2 votes  |  15 Comments

Why would singles or married retirees have a mtg when they can pay cash?  A single gets $6300 deduction and a married gets $12600 deduction automatically read more

Posted by: Ally6770  |   17 votes  |  35 Comments

Two weeks ago, 44-year-old Keith Noreika was just another corporate lawyer, advising bank clients on evading regulatory enforcement. Today he runs the Office of the read more

Posted by: Ken Tumin  |   4 votes  |  1 Comment

Goodfriend is on the hawkish side of the street, and “on its face is not consistent with the notion that Trump will seek to foster low rates and a weaker dollar by read more

Posted by: Ally6770  |   3 votes  |  Comment

Never pay interest to get a perfect FICO score. Mine is 830 so it is not perfect but I have not paid interest except for our first car and our first and second read more

Posted by: Ken Tumin  |   2 votes  |  4 Comments

From Reuters:U.S. job growth slowed in May and employment gains in the prior two months were not as strong as previously reported, suggesting the labor market was read more

Posted by: Ally6770  |   5 votes  |  Comment

In 2007, an engineer extracted detailed records on the hidden wealth of more than 30,000 clients of HSBC Private Bank, the Swiss subsidiary of the British read more

Posted by: cumulus  |   2 votes  |  Comment

Lael Brainard, a Federal Reserve governor, told the New York Association for Business Economics that the Fed should raise its benchmark interest rate “soon,” read more

Posted by: cumulus  |   6 votes  |  15 Comments

The new Federal Communications Commission's rules intended to limit how companies like AT&T, Comcast, Verizon, and Charter can use internet customers' sensitive read more

Posted by: Ken Tumin  |   12 votes  |  3 Comments

Some excerpts from this WSJ article At some point, the Federal Reserve's rate increases will trickle down to savers, who have been getting next to nothing on their read more

Posted by: Ally6770  |   5 votes  |  1 Comment

The rule could change. The department’s web page devoted to the rule also states, “The information contained on these pages may be subject to change read more

Posted by: Ally6770  |   3 votes  |  Comment

New consumer protections requiring financial advisers to put their customers’ interests ahead of their own — at least when handling read more

Posted by: cumulus  |   4 votes  |  Comment

More optimism: Get ready for the third rate hike in seven months. Federal Reserve officials indicated they may raise rates again in June, according to minutes read more

Posted by: cumulus  |   3 votes  |  Comment

The Fed has amassed a $4.5 trillion balance sheet since the financial crisis, buying up Treasurys and mortgage-related assets. The purchases amounted to an easier read more

Posted by: Ken Tumin  |   5 votes  |  Comment

I thought this was an interesting story about USAA Bank which claims to be the first to invent remote deposit capture that allows people to scan or take a picture read more

Posted by: cumulus  |   4 votes  |  Comment

Minutes of the Federal Reserve's May meeting should remove lingering doubts about the central bank's plans to engineer another interest rate hike at its policy read more

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