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Dear Penny: Is a Reverse Mortgage Ever a Good Idea?

Dear Penny, I am a 65-year-old, semi-retired single female. Because of my personal and financial situation at the time, I started collecting my Social Security. I needed it to supplement my part-time income in order to just live. It’s not much — under $600.  The problem is, the family-owned business I have worked at for […]

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

Can You Work and Collect Social Security? Yes, with Limits

As simple words go, “retirement’’ carries a lot of weight and a lot of baggage. Now that retirement is bouncing around in your mind, and you entertain the thought of giving up your day job, you ask yourself: Is my retirement income and Social Security going to be enough for my preferred lifestyle? What am […]

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

12 Good Reasons to Cancel Amazon Prime

Rule number one: When the price of membership goes up, re-evaluate.

After all, you’re likely up to your neck in subscription services: Cable TV, streaming services including Netflix and Disney+, meal-prep services and the granddaddy —  Amazon Prime membership. And in case you missed it: Amazon raised its yearly subscription fee by 17%, from $119 to $139. If you pay monthly, that clip went from $12.99 to $14.99 a month, or $180 a year.

That’s your first reason to reconsider, even if Amazon Prime Day, that annual summer blockbuster sale with its 48-hour marathon of deals, deals, deals, remains a temptation.

Longtime Prime members often forget: You can buy from Amazon without being a Prime member. You’re just not going to get the other perks. To that end, we’ve listed a range of good reasons you might want to cancel your Amazon Prime membership. See if you agree.

  • SEE MORE 40 Best Amazon Prime Benefits to Use in 2022

7 Actively Managed ETFs to Buy for an Edge

It has taken some time, but actively managed exchange-traded funds (ETFs) are finally gaining traction with investors.

According to Nicholas Elward, head of Institutional Product and ETFs at global asset management firm Natixis Investment Managers, assets of actively managed ETFs in the U.S. will jump to $400 billion by the end of 2022, double where they were at the end of 2020. 

There are several reasons that explain the increased interest in active ETFs, says Elward.

First, increased market volatility has investors looking to cushion downside risk through active management and tactical stock-picking. Second, the introduction of semi-transparent ETFs in 2020 has led active managers to be more open to managing active ETFs, knowing that they won’t be giving away their best ideas. Lastly, the trend of mutual funds converting to ETFs that began in 2021 will likely continue.

While actively managed ETFs remain a small part of the overall ETF market, investors can expect this to change in 2022 and beyond.

Here are seven actively managed ETFs to consider for your portfolio. This is a list of equity and fixed-income options that are right for a variety of risk tolerances and investing horizons.

  • SEE MORE The 22 Best ETFs to Buy for a Prosperous 2022

Data is as of April 6. Dividend yields represent the trailing 12-month yield, which is a standard measure for equity funds. 

How to Invest in Bonds – 6 Step Bond Allocation Strategy

Bonds are an important part of most investment portfolios. Learn the basics of how to get started investing in bonds.

How to Avoid Taxes on Social Security

Where you live, how much money you earn and how carefully you plan could all affect this essential retirement income.

How Long Do You Have to Pay Off Student Loans?

For millions of Americans, repaying student loans has become one of the certainties of life. After graduation, you may be initiated into a club made up of more than 43.4 million U.S. borrowers in 2021, who owe a cumulative 1.6 trillion dollars in student loans. If you are one of these 44 million borrowers, you […]

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