After paying into Medicare through payroll withholdings at work for many years, some people approach their eligibility age of 65 with a misconception that their coverage will be free. In reality, Medicare comes with a variety of expenses — including premiums, copays and deductibles. High earners pay more for certain premiums, and there’s no out-of-pocket
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There’s been a lot of talk lately about converting traditional IRAs to Roth IRAs. This talk arises from the 2017 Tax Cuts and Jobs Act. The new tax law, commonly referred to as “Trump’s Tax Cut,” created historically low tax rates. There’s a quirk in the 2017 Tax Act that shouldn’t be overlooked. Those historically
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Ambergris Cay is a three-mile-long, one mile-wide private island owned by the Turks & Caicos Collection, an experienced owner/operator of three beachfront resorts on the nearby island of Providenciales. Courtesy of Turks & Caicos Collection Ever dreamed of escaping to a privately-owned island in the Caribbean? Incredibly, there’s a widely unknown, hidden gem in the
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The Volkswagen logo is displayed at Serramonte Volkswagen on November 18, 2016 in Colma, California. Justin Sullivan | Getty Images Volkswagen reported first-quarter earnings in line with expectations on Thursday, as the automaker attempts to increase the pace of its transformation. The German firm posted operating profit of 3.9 billion euros ($4.4 billion) for the
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Square stock dropped more than 5% in extended trading Wednesday after the company reported weaker-than-expected gross payment volume and guidance for the upcoming quarter. The payments processor beat analysts’ estimates on earnings and revenue. Here’s how the company performed in the first quarter compared with what Wall Street was expecting: Adjusted earnings: 11 cents per
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Retirement Researcher The final use for a reverse mortgage is to preserve the line of credit as an insurance policy against a variety of retirement risks. Preserving credit as insurance involves setting up a HECM reverse mortgage as early as possible and then leaving it unused until needed. The up-front costs for the reverse mortgage
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Denis Doyle | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Qualcomm dropped as much as 5% in extended trading Wednesday despite the semiconductor company’s better-than-expected second-quarter earnings. Qualcomm reported earnings per share of 77 cents on revenue of $4.98 billion. Wall Street expected earnings per share of
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