Dollars & Sense, Page 3

Aretha Franklin’s Estate Plan

September 28th, 2018

Aretha Franklin, the “Queen of Soul,” died in August. Her life and musical legacy were remarkable.


Do’s and Don’ts When Using Shopping Apps

August 31st, 2018

Retailers such as Target and Amazon are embracing mobile applications to help consumers save money and time with features like digital wallets and augmented reality. When used strategically, apps can streamline in-store trips and online purchases, but shoppers could also find that convenience comes with a risk: impulsive decisions and overspending.


Peak Cycle?

August 23rd, 2018

Economies and markets tend to behave much like cars accelerating or decelerating. Best pay attention when approaching red lights…


Federal Home Loan Bank of Chicago Awards $250K Via Community First Capacity-Building Grant Program

August 20th, 2018

The Federal Home Loan Bank of Chicago (FHLBank Chicago) is pleased to announce $250,000 was granted through its Community First® Capacity-Building Grant Program to seven nonprofit lenders in Illinois and Wisconsin.


Longevity

August 08th, 2018

According to the latest data from the National Vital Statistics Reports (August 2017, reporting on 2014 experience), a male age 65 should expect to live 18 more years (to age 83) and a female 20.6 years (to age 85.6). Half of 65-year-olds will die sooner, half later.


A New Kind of Long-term-Care Insurance

July 25th, 2018

More than 400,000 long-term-care insurance policies were sold in 1992, according to figures published by The Wall Street Journal. These are the policies that help seniors cover the costs of nursing home stays at the end of life. At least 400,000 additional policies were purchased each year in the subsequent ten years, peaking at about 750,000 in 2002. Then sales collapsed, and never again reached the 400,000 level. Last year, reportedly only 66,000 such policies were sold. The need for long-term-care insurance has never been greater. What happened to the market?


How to Shop for Used Clothes — and Why You Should

July 12th, 2018

Buying used clothes at thrift stores may seem like a smart way to slash your spending — and it is. You ought to get gold stars and stickers for spending $10 on jeans instead of $50.


5 Mobile Banking Alerts to Help You Fight Fraud

July 12th, 2018

If a bank account is a house for your money, then mobile alerts are your alarm system. These email or text alerts can help you keep track of when your money enters and exits your accounts — and make sure there’s no breaking-and-entering either.


How Thieves Create Fake Identities With Kids’ Social Security Numbers

July 12th, 2018

Identity theft, or identity fraud, once meant crooks were churning out fake credit cards. But as that became easier to detect, a more insidious crime has evolved: the creation of completely new identities.


Don’t Let Puppy Love Blind You to the Expense of a Dog

July 02nd, 2018

How much is that doggy in the window? More than you may think.