Did You Know Tag

Credit card consolidation can pay off. Assume $25,000 of credit card debt at a 20 percent interest rate and a $500 monthly payment. With a strong credit profile, you might consolidate this debt with a personal loan at an eight percent interest rate and a...

Home sellers in 2018 realized an average home price gain of $61,000 since purchase, a 12-year high. That average profit represented an average 32.6 percent return on investment, the highest since 2006. Individual markets with the leading returns were mainly in the west, topped by...

Smartphone owners spend an average of two hours and 51 minutes a day on their devices. Including tablets, total usage averages four hours and 33 minutes a day. Yet, the United States trails Brazil and China in this area; combined smartphone and tablet usage in...

Minnesota ranks as the least tax-friendly state for retirees. State income tax rates range from 5.35 to 9.85 percent. Taxes often are imposed on pensions, retirement plan distributions, and some Social Security benefits. Connecticut, Kansas, and Vermont are next on this high tax list....

In 2019, the standard premium for Medicare Part B (covering medical bills) is $135.50 per enrollee per month. However, seniors who had modified adjusted gross income (MAGI) more than $85,000 in 2017 (more than $170,000 on joint tax returns) will pay more. Monthly costs go...

For full coverage ($100,000 for bodily injury/$300,000 per accident/$100,000 property damage, with a $500 deductible), 20-year-olds pay an average of $3,214 a year for auto insurance. That average decreases as drivers gain experience and maturity to $1,363 at age 55. Then, average premiums start to...

Defining “ultrahigh net worth” as more than $30 million, the Hong Kong area leads the world, with a wealthy population more than 10,000. New York (more than 8,800) and Tokyo (more than 6,700) are next. Other U.S. cities in the top 10 are Los Angeles...

In a recent survey of U.S. consumers, 26% of respondents reported owning a digital assistant such as Google Home, Amazon's Echo/Dot (Alexa), and Microsoft's Cortana. They are primarily used for questions and answers, music, and entertainment. Financial institutions are starting to tap into the ability...

Most types of life insurance policies reported flat to negative growth rates, year over year, in the first quarter of 2018. However, annualized premiums rose by 10% for variable universal life, which can offer stock market participation and premium flexibility. Close behind (up 8%) were...

The Servicemen’s Readjustment Act of 1944 (G.I. Bill) paid almost $4 billion to nearly nine million veterans from 1944–1949 in unemployment compensation. The education and training provisions existed until 1956, and the Veterans’ Administration offered insured loans until 1962. The Readjustment Benefits Act of 1966...