How do healthcare and Medicare work when you retire abroad?

How do healthcare and Medicare work when you retire abroad?

According to the State Department, over 9 million Americans (excluding military personnel) reside outside the U.S. That’s more than the populations of Los Angeles, Chicago and Phoenix combined. Despite this surprising statistic, many people still harbor varying degrees of trepidation about the idea of living abroad. Thirteen years ago, when we announced to our family…

Student-loan payments are about to resume. Defaults are expected to follow.

Student-loan payments are about to resume. Defaults are expected to follow.

In the months before the pandemic pause on student-loans payments, interest and collections, Jennifer Booth regularly received unpleasant phone calls from her student-loan debt collector that fueled anxiety and doubt.  They’d ask her questions like, “Why would you go to school at all?” Booth recalled in an interview.  Outside of those phone calls, Booth felt…

Restaurant behind David Brooks’s viral $78 meal serving the same dish for $17.78

Restaurant behind David Brooks’s viral $78 meal serving the same dish for $17.78

If you want to dine like the New York media elite — specifically, like Times columnist David Brooks — a New Jersey restaurant is letting you do so, at a far cheaper price. In a now-viral post on X, formerly known as Twitter, the New York Times op-ed writer carped about spending $78 to eat…

Kaiser health workers set to strike in October, alleging bad-faith negotiations

Kaiser health workers set to strike in October, alleging bad-faith negotiations

More than 75,000 healthcare workers are set to strike for three days in October over what they say are bad-faith negotiations by Kaiser Permanente executives regarding staffing issues, their unions said Friday. The Coalition of Kaiser Permanente Unions issued a 10-day unfair-labor-practice strike notice to Kaiser on Friday, the last day of scheduled bargaining talks before…

Medical debt should be fully removed from credit reports: Biden administration

Medical debt should be fully removed from credit reports: Biden administration

The Consumer Financial Protection Bureau is taking steps toward removing all medical debt information from Americans’ credit reports, a move meant to help the millions of Americans whose credit scores drop after bills for expenses like unexpected hospital visits go unpaid. While the information surrounding most unpaid medical debts has already been removed from credit…

With myriad banks danging 5% and up offers, 10 things to know before buying a CD

With myriad banks danging 5% and up offers, 10 things to know before buying a CD

Certificates of deposit have a long history of delivering steady, guaranteed returns. Now with rising interest rates and increased competition among banks and credit unions, CDs have become even more lucrative to depositors, with plenty paying APYs of upwards of 5% (see some of the highest CD rates you may get now here). But before…

I’m 50 and went from being homeless to owning a home. Where do I invest $50,000?

I’m 50 and went from being homeless to owning a home. Where do I invest $50,000?

Dear Quentin, I have a question that might appear like a simple one, especially for all the advanced money-management folks out there and for people with more money than I have. I am 50, have very little savings, and I would like to invest $50,000. What is a good type of account to start with?…

Best business and economics programs: rankings show 7 schools tied for top spot

Best business and economics programs: rankings show 7 schools tied for top spot

U.S. News released its “Best Colleges” report on Monday, a much-anticipated annual list that ranks undergraduate colleges in the U.S., as well as some specific programs, such as business and finance studies. And, for the first time, the list for 2024 also ranks undergraduate economics degree programs. So which school has the best undergrad programs…

Why have Americans abandoned their traditional breakfast — and what are they eating instead?

Why have Americans abandoned their traditional breakfast — and what are they eating instead?

Tony the Tiger may not have much reason to wake up with a smile. American families no longer appear to be gathering around the breakfast table, munching on Frosted Flakes and drinking orange juice. Only 35% of Americans eat that sort of traditional breakfast seven days a week, according to a recent study by CivicScience,…

I am disabled and lost everything in my divorce. Can I avoid financial collapse?

I am disabled and lost everything in my divorce. Can I avoid financial collapse?

Dear Quentin, I was involved in a workplace accident that rendered me disabled and recently received a lump sum of $185,000 after deductions for lawyer fees etc. In 2011, when I was injured, I was facing foreclosure and couldn’t take care of our minor children, so life for me fell apart. In 2014, I began…

Opinion: Buying this annuity guarantees that you’ll lose out on big money

Opinion: Buying this annuity guarantees that you’ll lose out on big money

I wrote recently that people who buy life insurance are effectively loaning money to insurance companies at around a 2.5% interest rate, which is a great deal for the companies and a lousy investment for the policyholders. Here’s something even worse: qualified longevity annuity contracts (QLACs), which are sold by insurance companies and other financial-service…

One habit can triple your risk of getting dementia within 7 years: What not to do

One habit can triple your risk of getting dementia within 7 years: What not to do

If you want to lower your risk of getting Alzheimer’s or some other type of dementia, turn off the TV and step away from the internet. Get off your rear end and go do something. That’s not me talking. That’s science. A new study of people 60 and older has found that sitting around for…

Do you know your credit card’s interest rate? Here’s how much a few percentage points can cost you over time.

Do you know your credit card’s interest rate? Here’s how much a few percentage points can cost you over time.

The Federal Reserve has been on an inflation reduction campaign for about 19 months, influencing higher interest rates across the economy. The interest rate that could be affecting the greatest share of households is costly, and one they might have overlooked. Ask someone what their mortgage rate is and they’ll probably be able to tell…

UAW strike sets the stage for 4-day work week — a win could take it mainstream

UAW strike sets the stage for 4-day work week — a win could take it mainstream

Striking United Auto Workers want better wages, improved job security, retiree pay increases, and a 32-hour work week that could turbocharge broader acceptance of shorter work weeks. Right now, nearly 13,000 UAW workers have walked off the job at Ford Motor Co. F, -0.08%, General Motors Co. GM, +0.86% and Jeep and Chrysler parent Stellantis…

Would a UAW strike provide an opportunity for Tesla and push up used-car prices?

Would a UAW strike provide an opportunity for Tesla and push up used-car prices?

Car buyers are no longer contending with the chip shortages that led to a scarcity of new cars during the pandemic and sent used-car prices soaring, but anyone looking to purchase a car these days is still in for a bumpy ride. Nearly 13,000 U.S. auto workers went on strike early Friday after the Big…

Expiring national flood-insurance plan could be saved. That alone won’t fix it.

Expiring national flood-insurance plan could be saved. That alone won’t fix it.

The major federal flood-insurance program that covers millions of properties is set to expire by the end of this month. Experts expect Congress to reauthorize the program — but also question whether renewing what they call a flawed program will be enough to help homeowners. The National Flood Insurance Program, or the NFIP, needs to…

These Americans are buying and selling their homes, despite high interest rates

These Americans are buying and selling their homes, despite high interest rates

Elsa Ortega and her husband, David, are expecting a child at the end of October, and the couple closed on a home in El Paso, Texas, this summer. But when they thought about selling their three-bedroom single-family home for a larger three-bedroom house, they initially were hesitant.  The listing went up on a Thursday. “I…

Household income rose in just 5 states last year. Is your state one of them?

Household income rose in just 5 states last year. Is your state one of them?

American workers are feeling the pinch. The median annual household income in the U.S. was $74,755 in 2022, a 0.8% decline from the previous year after adjusting for inflation, according to the latest data from the Census Bureau. The decline in income is “disappointing,” said Sharon Parrott, president of the Center on Budget and Policy…

Helping vets tackle debt: Retired Army colonel provides financial advice

Helping vets tackle debt: Retired Army colonel provides financial advice

In his 30-year military career, Dick Power managed billion-dollar budgets for computing and other logistics projects. Then he got his master’s degree in business administration and spent years as an executive at a Fortune 500 company. Now, as an 82-year-old volunteer financial planner, he video chats with veterans, patiently helping them log into online accounts…