NEW YORK—Recent turmoil in the banking industry may have you worried about your money. Officials announced Monday that they closed San Francisco-based First Republic Bank, making it the third U.S. bank to collapse in the past two months. Most of First Republic’s assets are being acquired by JPMorgan. First Republic had wealthy clients who rarely…
Is My Money Safe? What You Need to Know About Bank Failures
May 1, 2023
admin
Alternative Investmentsbank failuresBrightcredit unionsFDICfinancial institutioninsuranceinvestingjoint accountpersonal financeWealth Management
0 Comment
Buying an Annuity During Times of Inflation
April 20, 2023
admin
Alternative InvestmentsAnnuityBrightfixed annuityinflationinsuranceinvestingminimum ratepersonal financeretirementvariable annuityWealth Management
0 Comment
Inflation can throw a wrench into retirement plans. That’s because, over the long term, inflation erodes your income’s purchasing power. So even if you save and invest, your wealth may buy less and less with time. Commercial annuities often pay a fixed monthly income. This fixed amount is susceptible to inflation. But if annuities are…
14 Ways to Revamp Your Personal Finances Even When Money is Tight
April 15, 2023
admin
Brightbudgetingcredit scoreCredit ScoresFuture Planninginsurancepersonal financePersonal FinancesrefinanceretirementWealth Management
0 Comment
Many of the opportunities available to you are dictated by your financial situation, making it difficult to overstate the importance of taking care of your personal finances. When it comes to managing money, most of us have room for improvement. Understanding your current financial situation, setting goals, and making a plan are all important steps…
How to Protect Business Accounts From Bank Failure
April 4, 2023
admin
bank failureBrightbusiness accountsFDICinsurancemaxsafepersonal financeUncategorizedWealth Management
0 Comment
The Federal Deposit Insurance Corporation (FDIC) has a track record of paying every depositor their money up to the insured amount when their banks have failed. Each insured bank pays a fee for the coverage, which goes into an account to cover insurance costs. Generally, FDIC insures accounts for up to $250,000. Personal and business…
Manage the Costs of a Chronic Condition
For millennials with chronic medical conditions—or those raising kids with chronic conditions—health care can be an enormous monthly expense. About 44 percent of older millennials born between 1981 and 1988 have at least one chronic health condition, including migraines, major depression and asthma, according to a 2021 survey of over 4,000 adults conducted by The…
Closing the Retirement Income Gap
By Sandra Block From Kiplinger’s Personal Finance By the time you reach your 50s, you should start to get a handle on how much you’ll have in savings when you retire, and whether the money will last as long as you do. Most financial planners say you should plan on replacing 75 percent to 80…
How to Save Money on Auto Insurance
By David Rodeck From Kiplinger’s Personal Finance Shopping for new auto insurance? Here are ways to save money. Start by asking about discounts. Bundling multiple policies with one insurer can lead to savings on all your premiums. Discounts for setting up electronic payments, paying your entire premium in full, and going several years without a…
How to Protect Your Money in a Bank Failure
March 21, 2023
admin
Alternative Investmentsbank failuresBrightBusiness & MarketsCompaniesFDICinsuranceinvestingpersonal financeprotect moneyWealth Management
0 Comment
Two large banks in the United States, Silicon Valley Bank and Signature Bank, have recently failed. Most people are aware of it, and it has left many people wondering if their money is safe in a bank. Besides the bank failures, other economic conditions have added to the confusion causing people to wonder how to…
Where to Shop for Auto Insurance
By David Rodeck From Kiplinger’s Personal Finance If you’ve decided it’s time to test the market for your auto insurance, you have several ways to get quotes and see what’s out there: An Agent With a Major Insurer One option is to reach out to an agent representing one of the major insurers, such as…
How to Avoid Costly Medicare Mistakes
If you’re approaching 65, signing up for Medicare is looming ahead. It’s the first step to usher in retirement, and there are strict rules as to when you sign up. If you receive your insurance through the public marketplace, it’s imperative that you sign up for Medicare on time. But are there penalties for not…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`