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Finance

What Millennials Get Wrong About Social Security | US News

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Millennials are convinced Social Security will be long gone by their retirement. For years we have heard that Social Security is running out of money, so it is no surprise that a recent study found that 80% of millennials believe it won’t be available when they need it.  This leads them to either believe they can save up for retirement ... Read More »

Family Tragedy Helped This Entrepreneurial Couple Create a Business and Improve Lives | Entrepreneur

a man working on two computer screens

In 2008, Max Younger’s dad, Dan, lost his leg to a staph infection after a lifetime of being on and off crutches due to multiple knee surgeries. Max’s desire to make his dad’s life better led him to put his industrial design skills to work and develop an ambulatory aid to replace the age-old civil war crutches. After years of tinkering in the ... Read More »

Army raises max re-up bonuses | Army Times

Silhouettes of soldiers walking with backpacks

You give more, you get more.  The new bonus message is tailored to encourage longer reenlistments and has increased maximum bonuses from about $72,000 to roughly $81,000.  The Army is offering the maximum reenlistment bonus to qualified soldiers in communities such as cyber ops, intelligence, Special Forces and explosive ordnance disposal. Soldiers in other jobs are getting their potential bonuses ... Read More »

Bond Market Signals Recession, Hurting Stock Prices | Entrepreneur

A stock market line showing ups and down

The worst day of the year in the stock market was Wednesday.  The Dow and S&P 500 indexes fell 2.91 percent and 2.89 percent in the last five trading sessions while the Nasdaq Composite index was down 3.39 percent. Most of the stock market struggled.  Consumer stocks were battered as expectations for a slowdown in the U.S. increased. Read more ... Read More »

How a GI Bill change means bigger housing stipends for some students | Military Times

kids at a table doing homework

Some student veterans will be eligible for larger housing stipends this semester. Veterans Affairs officials will now recognize any “hybrid training” — classes that are a mix of online and in-class instruction — as part of the calculation for full housing stipend rates. “If a student is required to attend any amount of on-site classroom training, the class will be ... Read More »

Americans are more in debt than ever — experts say ‘money disorders’ may be to blame | CNBC

The average American has $38,000 in debt — a quarter of which comes directly from credit card charges. In December 2018, consumer debt overall hit a record high $4 trillion. Experts say a significant amount of this debt can be explained by what they call “money disorders.” Brad Klontz, author of “Mind Over Money” and co-founder of the Financial Psychology ... Read More »

Gold Star families hit with surprise tax hikes are still waiting for help | Military Times

It’s nearly eight months until federal income taxes are due and Gold Star wife Jessica Braden-Rogers is already worried about filing her returns. “If we don’t see something happen, we’re screwed,” she said. “Next year my son is supposed to be getting braces. But we could still owe thousands extra in taxes next year unless something is fixed.” Braden-Rogers — ... Read More »

Families Go Deep in Debt to Stay in the Middle Class | The Wall Street Journal

The American middle class is falling deeper into debt to maintain a middle-class lifestyle. Cars, college, houses and medical care have become steadily more costly, but incomes have been largely stagnant for two decades, despite a recent uptick. Filling the gap between earning and spending is an explosion of finance into nearly every corner of the consumer economy.   Source: ... Read More »

Indiana veterans will no longer pay state taxes on retirement income | WTHR

Indiana veterans will soon no longer have to pay state taxes on their military retirement income. Governor Eric Holcomb signed House Bill 1010 into law Monday. It exempts Indiana veterans and their spouses from paying income tax on their veteran benefits. It is hoped the exemption will keep more veterans in Indiana and lure them here from other states. According ... Read More »

Terminally Ill Military Kids Can Now Receive Both Treatment and Hospice | Military.com

The parents of children with terminal illnesses covered by Tricare no longer have to choose between treatment and end-of-life care, thanks to a policy update issued today. The policy change, ordered by the 2018 National Defense Authorization Act (NDAA), will allow military dependents under 21 to receive both medical treatment for their terminal illness, such as medication, radiation or surgeries; ... Read More »