Katherine Peach

2 days ago | money.com | Martha C. White |Katherine Peach

Retirement doesn’t just affect your wallet; it also has a big impact on your well-being. Still, only about 1 in 10 Americans are equipped for this transition. In a recent survey of financial planners, only 11% said their clients were prepared for the mental ramifications of retirement. Although building a nest egg by saving and investing is an important part of preparing for retirement, experts say it’s not the only thing you need to do before you clock out for the final time.

3 days ago | money.com | Adam Hardy |Katherine Peach

Most Americans seriously underestimate the cost of caregiving for themselves or a loved one when they can no longer cook, clean, bathe or do other basic daily tasks on their own. Of U.S. workers who said they expect to provide long-term care in the future, 8 in 10 estimate the cost at under $100,000 a year, according to a new study from the nonprofit Employee Benefit Research Institute, or EBRI.

3 days ago | cnet.com | Katherine Peach

Baristas and the coffee elite may scoff at the idea of brewing coffee with the push of a button, but that could be because they're using the wrong K-Cups in their single-serve machine. It's true: there are some seriously terrible coffee pods out there -- not surprising considering the thousands of players, ranging from massive chains and budget producers to high-end roasters -- but there are also K-Cups that deliver a solid brew.

1 week ago | money.com | Adam Hardy |Katherine Peach

Despite new rules aimed at curbing the cost of medication, Americans are spending more than ever on their prescriptions. Last year, out-of-pocket costs for prescription drugs notched a fresh high of $98 billion, according to a recent report from health data analytics firm IQVIA. Over the previous five years, out-of-pocket costs grew 25%. From 2023, expenses jumped by $6 billion, or 6.5%. The firm said that a growing number of prescriptions now cost $0 at checkout.

1 week ago | money.com | Adam Hardy |Katherine Peach

For many workers, saving for retirement is a chore, given how complex managing workplace plans can be. However, new research shows that automating key administrative aspects of the process could have life-changing benefits for millions of Americans. By streamlining 401(k)s, the share of account holders who can afford to retire jumps from 62.8% to 67.6%, a recent analysis from the nonprofit Employee Benefits Research Institute, or EBRI, finds.