Author: Press Room
Most of us recognize that legal means exist to assume control over an aging parent’s finances when their health declines. We use a legal document called a Durable Power of Attorney for that, so the aging parent will appoint someone to manage money if they become impaired. But that can quickly become a problem. One of the most common issues we see at AgingParents.com, where we consult with families with aging loved ones, is about control over the elders’ money. A favorite son, who is not good with managing finances himself, is appointed just because the aging parent thinks he…
This article was written byFollowRoberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latvia to boost the liquidity of pan-Baltic capital markets. Other policy-level work includes the development of national SOE financing guidelines and framework for channeling private capital into affordable housing stock. Roberts is a CFA Charterholder, ESG investing certificate holder, has had an internship in Chicago board of trade (albeit, being resident and living in Latvia), and is actively involved in “thought-leadership” activities…
Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldShale boss Chris Wright is the frontrunner to be Donald Trump’s energy secretary, a role which would put the oilman at the heart of the administration’s drive to loosen restrictions on the fossil fuel industry. Wright, the chief executive of oilfield services group Liberty Energy, has quickly become the most likely candidate for the job, said four people familiar with the Trump transition team’s thinking. Ray Washburne, chair of petrol station chain Sunoco, and Paul Dabbar, a tech executive who…
It’s Medicare Open Enrollment Period. As I wrote earlier, Open Enrollment this year is unusually important because of significant changes in Medicare Advantage and Part D prescription drug plans. Medicare is complicated, and most people have numerous options. The big changes this year make it especially important to seek help in evaluating the choices. I recommend using a local insurance agent or broker who specializes in Medicare and works with and evaluates multiple plans available in your area. Use more than one agent or broker if you can’t find one who covers most of the market. Or use your state’s…
If you are renting an apartment for the first time, there are likely many questions swirling in your mind. You may be wondering how much you should be spending on rent. You could be curious about the potential extra costs beyond rent. Perhaps you’re worried about being approved for the apartment you want to call home. When it comes to being approved for an apartment, don’t let your lack of prior rental status deter you from beginning the process. There are plenty of things you can do to prove yourself as a reliable tenent and help you quickly get approved. RENTAL…
Do you want to better your finances? Perhaps start your journey with a book. Whether you need help investing, need assistance cutting spending or need inspiration about how to start your own business, books can be a great resource for you.You don’t have to spend a dime to get a financial book if you borrow one from your local library. 4 FACTORS TO CONSIDER WHEN CHOOSING HIGH-YIELD SAVINGS ACCOUNT Even though it may seem contradictory, buying financial books you really enjoy is a good idea if you want to highlight and mark them up.Below are just a few titles to…
This article was written byFollowAaron Chow, aka Elephant Analytics has 15+ years of analytical experience and is a top rated analyst on TipRanks. Aaron previously co-founded a mobile gaming company (Absolute Games) that was acquired by PENN Entertainment. He used his analytical and modeling skills to design the in-game economic models for two mobile apps with over 30 million in combined installs. He is the author of the investing group Distressed Value Investing, which focuses on both value opportunities and distressed plays, with a significant focus on the energy sector. Learn more>>Analyst’s Disclosure: I/we have no stock, option or similar…
A New York man has been sentenced to five years in prison after pleading guilty to a bitcoin theft dubbed the cryptocurrency “heist of the century”, US officials said on Thursday.Ilya Lichtenstein, 35, hacked into the Bitfinex crypto exchange in 2016, and made more than 2,000 transactions to transfer 119,754 bitcoins into his accounts, prosecutors said. Justice officials said Lichtenstein used “sophisticated [money] laundering techniques”. Lichtenstein and his wife, Heather Morgan, were arrested in February 2022. While the bitcoins were worth about $70mn at the time of the theft, they were valued at more than $4.5bn when the couple were arrested.Morgan, who…
If you’re approaching retirement or have recently retired, it’s only natural that you’re looking forward to your newfound freedom. You might be planning to travel, pursuing your hobbies and interests, and reconnecting with relatives and friends. Welcome to the “go-go” phase of retirement when you’re still active and vital and you have the energy to follow your dreams. Enjoy this time of your life! However, remember that eventually, you’ll transition into the “slow-go” phase of retirement, when you’re still able to get around and enjoy activities but aren’t quite as energetic as you used to be. And finally, you’ll reach…
Mortgage rates barely moved this week after marching higher for the past month and a half, while purchase demand remains stalled in the stagnant housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.78% from last week’s reading of 6.79%. The average rate on a 30-year loan was 7.44% a year ago. “After a six-week climb, rates have leveled off, but overall affordability continues to be an issue for potential homebuyers,” said Sam Khater, Freddie Mac’s chief economist. “Our latest research shows that mortgage payments…
