Married couples in or near retirement should know that the solo years, the period after one spouse passed away, usually are the most difficult period in retirement both financially and emotionally. The solo years are when most retirement plans are likely to fail or falter. The financial difficulties of the…

With home prices still unaffordable for many buyers, some homebuyers are turning to co-purchasing with those other than romantic partners, a JW Surety Bonds study found. Close to 15% of Americans have co-purchased a home with a family member or friend rather than their spouse or partners. An additional 48%…

President Joe Biden’s Administration announced $1.2 billion in student loan forgiveness for qualifying borrowers enrolled in the Saving on Valuable Education (SAVE) plan, according to a White House statement. The move will zero out the balance for roughly 153,000 borrowers enrolled in the plan who have been making at least 10…

Capital One Financial’s $35.3 billion deal for Discover Financial would create new competition for payments behemoths Visa and Mastercard, potentially helping smoothen the path for regulatory approval, analysts said. The all-stock deal announced on Monday would give Capital One access to Discover’s network of payments processing and settlement services, allowing…

At the same time, dismissed employees talk increasingly on social media about how companies could have handled things differently. “I still was given zero notice,” one woman said of her situation on TikTok. “They questioned my character,” another woman complained. Arguably, the most prominent example is Brittany C. Pietsch, who…

Washington voters will decide the fate of the state’s path-breaking public long-term care insurance program in a referendum this Fall. If adopted, Initiative 2124 would make participation in the Washington Cares program voluntary, effectively killing it. The effort, largely bankrolled by hedge fund manager Brian Heywood and backed by prominent…

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In the wake of Capital One announcing plans to purchase Discover earlier this week, opposing views have already emerged over whether the deal — if it goes through — will be good or bad for consumers. One camp argues that the acquisition would benefit consumers because it combines two major…

Layoff fears are taking hold of workers across America, with many worried about whether they’re next. One expert says layoffs may be less widespread than they appear to be, but workers are still grappling with uncertainty. Employee confidence has taken a nosedive. The share of workers reporting a positive six-month business…

Those properly licensed people who help us manage wealth may not be fully informed about financial elder abuse. In exploring what their organizations do in this area, we have observed little training or inadequate training. ThinkAdvisor reports on a case involving a “court fight over a recently deceased grandmother’s $5…