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How to handle your Medicare coverage if you move to another state

How to handle your Medicare coverage if you move to another state

Finance
Paul Hennessy | NurPhoto | Getty ImagesFor Medicare beneficiaries who are eyeing a move to another state, be sure to consider what your coverage would look like once you get there.Whether you already were planning to relocate or the coronavirus pandemic has sparked the idea, it's important to know the various Medicare rules that apply to such moves, how costs may be different in your new state and how long you get to make changes. In many cases, the process of making the switch is fairly straightforward, experts say. In others, it may require some legwork and comparison shopping to see what makes the most sense coverage-wise and financially for you.The basics, brieflyRoughly 62.4 million people are enrolled in Medicare, the majority of whom are age 65 or older. Original (or basic) Med...
Stock futures flat following sell-off on Wall Street

Stock futures flat following sell-off on Wall Street

Finance
U.S. stock futures were flat in overnight trading, following weakness in equities in the previous session. Dow futures rose 40 points, indicating a gain of 0.16%. The S&P 500 and Nasdaq-100 also were set to open higher, with gains of 0.08% and 0.12%, respectively. On Tuesday, the Dow Jones Industrial Average fell 397 points, or 1.5%, breaking a two-day winning streak. The Dow was brought down by a 4.8% drop in Boeing. The S&P 500 also registered a loss, slipping 1.1%, to break a five day win streak. The Nasdaq Composite lost 0.86%, after notching its 27th intra-day all-time high of the year earlier in the session on Tuesday. The technology-heavy index was positive for most of the day thanks to strength in Apple, Microsoft, Facebook and Netflix, which all hit record h...
Wealth management firms among those that have taken PPP loans during coronavirus pandemic

Wealth management firms among those that have taken PPP loans during coronavirus pandemic

Finance
Natasha Alipour Faridani | DigitalVision | Getty ImagesThe government's release of data on businesses that have participated in the Paycheck Protection Program confirms what many in the financial advice industry already knew: Wealth management firms were among those to have taken the government loans.The data released by the Small Business Administration and Treasury Department on Monday included loans of more than $ 150,000 that were made through the PPP.The loan program was created under the $ 2 trillion-plus CARES Act passed by Congress in March. A list of the borrowers had not been revealed until Monday. The government did not disclose the names of businesses that took less than $ 150,000, in an effort to protect small businesses.The average loan size was $ 107,000, according to the SB...
Stock futures flat following a strong rally on Wall Street

Stock futures flat following a strong rally on Wall Street

Finance
The New York Stock Exchange (NYSE) is pictures on May 26, 2020 at Wall Street in New York City.Johannes Eisele | AFP | Getty ImagesStock futures held steady in overnight trading on Monday after a solid rally on Wall Street to start the week.Futures on the Dow Jones Industrial Average dipped about 20 points. The S&P 500 futures and the Nasdaq 100 futures were little changed.The overnight action followed a strong day on Wall Street that saw the Dow jumping more than 450 points. The S&P 500 gained 1.5% on Monday for its fifth straight positive session, while the Nasdaq rose 2.2% to hit an all-time high. The biggest technology shares built on their momentum as Amazon surged 5.7% to trade above $ 3,000 apiece for the first time ever. Netflix jumped 3.5% to hit a record high, while ...
Op-ed: There is no such thing as truly risk-free — even going to cash

Op-ed: There is no such thing as truly risk-free — even going to cash

Finance
Siriluck Srikumbang / EyeEmPerhaps you are approaching retirement and getting a bit nervous from these wild market swings.It has, after all, been an emotional ride lately, and there are no signs of it letting up soon. You may be thinking: Is it time to "de-risk" your portfolio by dumping stocks and seeking the apparent safety of cash? Fair enough, but here's the problem – what then?Let's assume, just for a moment, that you actually took the plunge and sold all your stocks. Now, you can finally go to sleep at night without a worry in the world about what the markets are going to do next. You're out of it. But as you gaze on that mountain of cash you just created, the questions arise: What's the next step? What are you going to do with all that cash?You might, of course, ask yourself: "Why d