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Fed holds rates steady; here's what that means for your wallet

Fed holds rates steady; here's what that means for your wallet

Finance
The Federal Reserve's decision Wednesday to keep interest rates steady came as a relief to many investors. And that trend may continue. The Fed also indicated in a statement that no more hikes likely will be coming this year. In a unanimous move, the central bank's policymaking Federal Open Market Committee took a sharp dovish turn from policy projections just three months earlier. The Fed has already raised the federal funds rate nine times in three years, and those previous hikes are benefiting many consumers in the form of better savings yields. He...
Medicare for All could take center stage in the 2020 election. Here's what that means

Medicare for All could take center stage in the 2020 election. Here's what that means

Finance
Americans say they want better health care. How that will happen is still up in the air. Enter Medicare for All, a term that increasingly is being used by health-care advocates, politicians and aspiring presidential candidates. The concept is the latest iteration of a complex discussion about medicine that goes back decades. The current goal: To come up with something better than the Affordable Care Act when it comes to giving more individuals access to care and reducing what they pay, while putting fewer burdens on medical industry. The debate comes ...
Federal shutdown means tax refund delays and no IRS customer service

Federal shutdown means tax refund delays and no IRS customer service

Finance
As the partial shutdown of the federal government hits the two-week mark, a new worry has emerged: the possibility that some tax refunds may be delayed. Congress and President Donald Trump have been in a standoff over funding for a border wall, while about 800,000 federal employees are furloughed or working without pay. The House, now led by Democrats, passed legislation Thursday night to end the shutdown; the president, however, could still veto it even if the Senate acts to approve it. Right now, about 12 percent of IRS staff ar...
Are you putting retirement plans on hold? What that means for your Medicare eligibility

Are you putting retirement plans on hold? What that means for your Medicare eligibility

Finance
If you're at least 65 and still punching the clock at work, odds are that you have two benefit enrollment periods to worry about this year. That's because in addition to signing up for next year's workplace health benefits, older workers must also make sure to coordinate their coverage with their eligibility for Medicare. The ordeal is a confusing one for the growing population of older workers. By 2024 there will be about 13 million individuals age 65 and older in the workforce, according to the Bureau of Labor Statistics. More from FA Playbook:How y...