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Source: mint.intuit.com

Apache is functioning normally

My baby boomer clients are finally starting to grasp the concept of the tax-free benefits of the Roth IRA. So much in fact that they want to make sure that their kids start a Roth IRA and, in some cases, even their grandchildren.

I even had one grandfather who wanted to set up a Roth IRA for his 5-year-old grandson. While giving your kids the benefit of tax-free savings sounds sweet, there are some key rules when it comes to Roth IRAs for minors.

Here’s what you need to know about how your kids can enjoy tax-free money. Be sure to check out the rest of the Roth IRA rules.

Roth IRA For Minors

Amazingly, there is no minimum age requirement to open a Roth IRA.   The only requirement is that the child have “earned income”.  What defines earned income?  According to the IRS.gov website:

Earned income includes all the taxable income and wages you get from working. There are two ways to get earned income: You work for someone who pays you or you work in a business you own.

Does a paper route count?  Sure can.  What about household chores?  That’s a gray area, but most tax experts lean towards no. (Be sure to always ask your tax professional).  What about child actors?  Absolutely.  I think that means that all 8 kids of John and Kate plus 8 could start a Roth IRA.  I just hope they have a good financial advisor 🙂

 

Other items to note is that the child will only be able to contribute to a Roth as much as they earn.  The 2015 limits are $5,000 but if the child only earns $2,000 for the year, that’s all they’ll be able to put in.

Who’s the Owner?

Depending on where you go to open the Roth IRA, there may be different requirements.  When I worked for my previous firm, I had a client whose 16-year-old working son wanted to start a Roth IRA.  My firm allowed it, but the father had to sign for him.  Once the child celebrates his 18th birthday, the Roth IRA is officially his. (We’ll talk more about that in a bit).

Drawbacks of Roth IRA’s for Kids

Hard to believe there are any drawbacks to tax-free money, but there is one. The only drawback for opening a Roth IRA in the name of a minor is that the ownership of the account passes on to the child when he or she attains maturity.

That means that at the age of 18, the child (now adult) can do with the money whatever they choose. I”ll let your imagination take over on what an 18 year would do with a windfall of money.

Can You Just Open a Roth IRA for the Child?

After funding their retirement needs, many wish to pass on any remaining to their heirs. But for some, they wish that we could have some control when their heirs could get the money. I once had a reader that wanted to know how he could give his grandson the tax-free benefit of the Roth IRA.  In my opinion, this is one cool grandfather.

The reader was roughly 60 years of age and wanted to open a Roth IRA for his five-year-old grandson. He wanted to make a $1,000 contribution into a Roth IRA thinking that the grandson would not be able to touch the money until he was age 60, and then he could benefit from the tax-free growth that the Roth IRA provides.

Just to give you an idea, if $1,000 were to earn on average 8% in a stock-like investment over the course of 55 years, it would grow to be around $101,000. The grandson would then have roughly $100,000 of tax-free money waiting for him at retirement. (At least that’s what the grandfather was hoping for).

While I appreciate the tactic that the grandfather was trying to implement, we do incur a bit of a problem. Since the grandson does not have any earned income, he would not be able to start a Roth IRA. Bummer.

Different Strategy

After the initial attempt to pass on to grandson didn’t work out, he inquired about a different approach. He wanted to know if he could open a Roth IRA for himself and then make the grandson the sole beneficiary. Thinking again that the grandson could not touch the money until age 60.

Unfortunately, in that scenario, when the grandfather passes away the grandson would inherit the account and would have access to the money immediately, and would not have to wait until age 60. In addition, the grandson would be required to take out the required minimum distributions as a non-spousal beneficiary.  Unfortunately, that idea did not work either.  (The grandfather was still working at this time.  If he was not and didn’t have earned income, he would not be able to open a Roth.)

Another possibility

If the grandfather would wait until the grandson actually had the earned income, he could then open up a Roth IRA in the child’s name. The only downside is that the child would have access to the funds and could withdraw them at any time possibly subject to tax and penalty. But if the child was educated on the tax-free benefit waiting for him at retirement, then the grandfather’s wishes may be achieved.

Where to Open an Account

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As you can see, if you know the rules, your kids could benefit from the Roth IRA sooner than later.  When your child starts receiving earned income, explain the benefits of the Roth IRA and get them excited.  You can even help them get started.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. This information is not intended to be a substitute specific individualized tax, legal or investment advice.  We suggest that you discuss your specific tax issues with a qualified tax or legal advisor.

Source: goodfinancialcents.com

Apache is functioning normally

A group of students stand attention after physical training exercises for the Army.


Students in the new Army prep course stand at attention after physical training exercises at Fort Jackson in Columbia, S.C., Aug. 27, 2022. The U.S. Army will pay up to $50,000 to recruits who qualify and sign on for a six-year active-duty enlistment. Sean Rayford/AP Photo

Uncle Sam wants you, and he’s willing to pay you a good chunk of cash.

The U.S. Army announced that it will pay up to $50,000 – its largest bonus ever – to recruits who qualify and sign on for a six-year active-duty enlistment. The bonus package is based on a number of factors that include the selected career field, individual qualifications, length of the contract and the ship date for training.

“This is an opportunity to entice folks to consider the Army,” said Brig. Gen. John Cushing in a press release.

Since 2020, the Army has struggled, just like the private sector, in attracting talent, and officials hope the incentives coupled with some other changes will begin to draw qualified young people.

“We are still living the implications of 2020 and the onset of COVID, when the school systems basically shut down,” Maj. Gen. Kevin Vereen, head of Army Recruiting Command, told the Associated Press. “We lost a full class of young men and women that we didn’t have contact with, face-to-face.”

Here’s how the new incentives work.

How to Score Up to $50K in Army Signing Bonuses

The career-based incentives range from $1,000 to $40,000 depending on the field. The more difficult-to-hire positions will offer a higher bonus. Occupations can range from well-known careers, like infantry and Special Forces, to lesser known, such as radar repairers, signal support systems specialists and motor transport operators.

The Army is also offering “quick ship” bonuses – which increased to $40,000 in 2022  – for recruits who can go to Basic Training within 30 days. The sooner the recruit can leave, the more cash he or she will receive.

Going to Airborne Training can bring $10,000 and Ranger Training can bring up to $20,000. Foreign language skills can bring in as much as $40,000 in specific career paths.

A combination of all these incentives will bring the largest bonuses into play.

“For example, a six-year enlistment as an air and missile defense crewmember starts with $40,000. Right now, that occupation also qualifies for a $9,000 critical accession bonus,” the Army said in its press release. “If the individual decides to ship to training within the next 30 days, the addition of a quick-ship bonus would get the recruit to the maximum amount.”

The Army is also promoting other new changes to attract talent: shorter, two-year enlistments for 84 different career fields and the opportunity for recruits to pick their duty station.

“We know this generation likes to have the opportunity to make their own decisions, so now they can choose where they want to be assigned after training,” Vereen said. “…Many people are apprehensive about long-term commitments right now, so we think having a shorter option will help give them some time to see if the Army fits their life and goals.”

Robert Bruce is a senior staff writer at The Penny Hoarder covering earning, saving and managing money. He has written about personal finance for more than a decade.

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Source: thepennyhoarder.com

Apache is functioning normally

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According to The Vision Council of America, approximately 164 million Americans wear eyeglasses. Additionally, the average consumer reports spending nearly $130 for their frames, and almost 40% of wearers have two or more pairs of glasses.

Considering how expensive glasses are and the fact that they’re a necessity, it’s unsurprising it’s a $131 billion industry in the United States.

Thankfully, there are ways to save money on contact lenses and glasses if you know where and how to shop. Like many industries, online retailers make it easier to find high-quality prescription glasses at affordable prices. Plus, there are affordable in-store eyewear options if you know where to look.

Where to Buy Affordable Eyeglasses

There’s no reason to pay full price for your next frame upgrade or new pair of glasses. Each of these retailers offers great deals on affordable eyewear.

1. GlassesUSA

Limited time offer: Save 50% off frames for eyeglasses and sunglasses with basic Rx lenses + Free shipping to your doorstep. Some exclusions apply. Use coupon code MONEY-CRASHERS-50 at checkout.

  • Pros: Large clearance section; free shipping; student discount; extensive vision insurance network
  • Cons: Eyewear that isn’t on clearance isn’t as affordable as other options; expensive progressive lenses
  • Verdict: Check GlassesUSA for sales before buying from other online eyewear stores, but stick to their clearance section for savings

GlassesUSA is one of the most affordable ways to buy eyeglasses online. Glasses USA also carries contact lenses and sunglasses, but prescription eyewear is where this website shines. If you shop on clearance, you can get frames up to 60% off and 25% off prescription lenses.

GlassesUSA carries a range of brands and frame styles for adults and kids, including designer name-brand glasses like Ray-Ban, Coach, Oakley, and Givenchy. Use coupon code MONEYCRASHERS40 at checkout to save 40% on select adult designer frames, including Gucci, Prada, and Versace.

You can also buy blue-light-blocking glasses for any prescription for $29 extra. These glasses have lenses that filter emissions from electronic devices, reducing eyestrain.

Once you select a frame style, you can use a virtual mirror to see how the glasses suit your face shape. This feature requires uploading a photo or using your webcam. If you’re happy with the frame, choose your new lens type and submit your prescription before ordering. You can provide your prescription manually or upload a photo.

Frames start at $19 on clearance. Regular frames start at $39 but can range to several hundred dollars for designer pairs. Lens pricing varies depending on their type, although some lenses are included with the frame price:

  • Single Vision: Included in frame pricing
  • Near Vision: Included in frame pricing
  • Progressive: $94
  • Bifocal: $99
  • Nonprescription: Included in frame pricing

You can also upgrade your lens package if you want to add coatings for scratch resistance, ultraviolet (UV) protection, and antireflection. It costs approximately $10 to $30 more to upgrade bifocal lenses to the thinnest, highest-quality lenses. Upgrading progressive lenses costs an additional $20 to $60.

Finally, you can upgrade to transition lenses for $149 or buy prescription sunglass lenses with a color tint for an additional $29 or mirrored tint for $49.

GlassesUSA works with numerous vision insurance providers, including United Healthcare, Cigna, Davis Vision, Aetna, and Humana. You can also refer friends to GlassesUSA for a free Amazon gift card ($10), and the person you refer gets 10% off their first order.

For shipping, U.S. and Canadian orders are free. Most prescriptions take three to four business days to process. If you don’t like your glasses, you can return them for free within 14 days of arrival. This return policy makes GlassesUSA a risk-free way to buy eyeglasses online.

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2. Warby Parker

  • Pros: Free shipping; high-quality eyewear at a reasonable price; extensive vision insurance network; offers lens replacements
  • Cons: Not the cheapest eyewear option
  • Verdict: Shop at Warby Parker if you want eyewear with a designer feel that’s still affordable, especially if you have insurance, and to utilize their free at-home try-on service

Unlike online eyeglass retailers, Warby Parker sells both online and in dozens of retail locations throughout the U.S. and Canada. Warby Parker isn’t the cheapest option for eyewear. But if you’re looking for designer quality and affordability, Warby Parker is still a contender.

Prescription eyeglasses start at $95 for adults, and this price includes single-vision lenses. Progressive lenses are an additional $200. Lenses are scratch-resistant, antireflective, and have UV protection. You can upgrade to blue-light-protective lenses for $50 or add transition lenses for $100.

Warby Parker also carries prescription sunglasses that start at $195 for single-vision lenses. Sunglasses with progressive lenses cost $375.

Orders have free shipping and returns, and you can also book an eye exam, including a contact lens fitting, for $75.

Warby Parker is certainly more expensive than websites like EyeBuyDirect. However, if you see how Warby Parker glasses are made, the price makes sense. Every frame is hand-assembled and polished and uses premium materials.

If you’re not satisfied with your pair, you have 30 days to return them for a full refund or exchange. You also have a one-year no-scratch guarantee for all eyewear.

Warby Parker can also replace your lenses if your prescription changes. Replacement fees vary depending on your prescription and the lenses you select, and this service is only available for Warby Parker frames.

But Warby Parker goes beyond virtual try-ons that the other websites use. Simply complete a short home try-on quiz, pick five frames you’re considering, and get them shipped to your home. When you find the right fit, finish your purchase online and ship the frames back to Warby Parker for free. Warby Parker ships to customers in the U.S., Guam, Puerto Rico, and Canada.

If you want to buy quality eyeglasses while on a budget, Warby Parker is an excellent choice. The prices won’t compete with the cheapest eyeglass options, but with Warby Parker, you get what you pay for.

Additionally, Warby Parker partners with 10 vision insurance providers, so your purchase might be eligible for coverage.

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3. EyeBuyDirect

  • Pros: Some of the cheapest eyewear available; free shipping; student and veteran discounts; loyalty program
  • Cons: No free shipping unless you spend $99 or more; doesn’t accept vision insurance
  • Verdict: Shop at EyeBuyDirect if you’re a student or veteran or can make use of their loyalty program bonuses

EyeBuyDirect is another affordable option to buy eyeglasses online. It’s a worthwhile option if you’re shopping for higher-end brands on a budget.

EyeBuyDirect only sells three brands: Ray-Ban, Oakley, and their exclusive brand RFLKT. However, there’s still plenty of frame variety to choose from for adults and kids. Additionally, if you shop for sales, you can find eyeglasses for up to 50% off.

If the sales section is still too pricey, EyeBuyDirect also sells cheap glasses that rival Zenni Optical’s $6.95 pairs. This category has a range of eyeglass frames between $6 and $15, and standard lenses cost $30.95. Bifocal lenses are $29, and progressive lenses are $49. There’s also a range of customization options, like lens tinting and blue-light blocking, but you can keep costs down if you stick with the basics. Blue-light-blocking lenses start at $49, mirrored sunglasses start at $19, and transition lenses start at $99.

You also have options for coating upgrades. Standard lenses come with anti-scratch and antireflective coatings. However, there are three other lens options available:

  • Value Lenses: Up to 25% thinner than standard lenses; adds UV protection; $45.90 more
  • Advanced Lenses: Up to 35% thinner than value lenses; adds UV protection; $99.90 more
  • Premium Lenses: Up to 25% thinner than value lenses; adds UV blocking, anti-smudge, and dust- and water-repellent coatings; $134.90 more

Upgrading to thinner lenses with different coatings can increase the cost quite significantly.

However, EyeBuyDirect keeps prices low by shipping directly from their manufacturers to your door. If you join the free loyalty program by spending at least $75 within a year, you also unlock:

  • A buy-one, get-one offer on your birthday
  • 15% off sitewide on your account anniversary
  • 30% off sitewide each quarter
  • A free eyeglasses case
  • Early access to new collections and 15% off

You can also enjoy a 20% student discount or veteran discount if you qualify.

Like Zenni Optical, EyeBuyDirect doesn’t accept insurance, so check with your vision care provider before shopping to see if they can reimburse you.

Regular U.S. shipping costs $5.95 unless your order is $119 or more. EyeBuyDirect also ships internationally starting from $19 ($9.95 to Canada). You have 14 days to make a return for a replacement or refund. Your glasses are also covered for one year if there are evident defects in material and build.

If you don’t mind the lack of brands and want incredibly affordable eyeglasses, EyeBuyDirect is one of the best websites to shop.

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4. Zenni Optical

  • Pros: $6.95 eyewear is one of the cheapest options
  • Cons: No free shipping; no complete refund policy; doesn’t accept vision insurance
  • Verdict: Shop at Zenni if you aren’t picky about your frame options and want to keep costs as low as possible

With prices starting at $6.95 for single-vision prescription glasses, it’s hard to find a more affordable solution for eyewear than Zenni Optical.

Like Glasses USA, Zenni Optical carries various frame styles for adults and kids. In fact, there are thousands of frame designs. Plus, unlike many online glasses retailers, Zenni Optical also manufactures their own eyeglasses.

That cuts out intermediaries and the need to hold massive amounts of inventory, which is why Zenni Optical is so affordable. Once you find a design that appeals to you, you can also complete a virtual try-on to confirm you like the fit.

You must provide your pupillary distance (PD) to order glasses. However, measuring your PD is easy if your eye doctor hasn’t already done so. If you’ve never worn glasses before, you can also use the sizing chart to find the right fit. To finalize an order, enter your prescription information and confirm.

Prices include the frame, basic thin and single-vision prescription lenses, anti-scratch coating, and UV protection. You can add blue-light-blocking lenses to almost any Zenni frame starting at $16.95. Progressive lenses start at $27.95, and bifocals start at $17. You can also add a sunglass tint for free, though the premium tint option is $29.95.

Zenni Optical doesn’t accept insurance. However, if you have vision insurance, check with your provider to see if they will reimburse your total purchase from Zenni Optical or cover vision expenses up to a certain amount.

Standard U.S. shipping costs $4.95, and orders take 14 to 21 days to arrive. Zenni Optical also ships internationally. You have 30 days from receiving your glasses to make a return for a 50% refund or one-time 100% store credit reimbursement. If there is a manufacturing error or damage, you receive a full refund under the 30-day warranty.

If you’re looking for designer glasses or an extensive list of name brands, this website isn’t for you. However, if you want to buy cheap glasses online, it’s hard to beat a starting price of $6.95 for frames and low prices on both progressive and bifocal lenses.

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5. Eyeconic

  • Pros: Free shipping; a range of 10% discounts; benefits for certain vision insurance providers
  • Cons: Limited clearance section and expensive lens upgrades
  • Verdict: If you have vision insurance with Eyeconic partners or want to take advantage of a 10%-off bonus, shop at Eyeconic

If you prefer certain name-brand eyewear or want variety, Eyeconic offers more choice than most online eyewear retailers. In fact, Eyeconic carries nearly 50 brands for adults and kids, including Cole Haan, Columbia, Jones New York, Kate Spade, Oakley, and Saint Laurent.

Frames start at around $120 unless you find a sale. This price includes single-vision lenses with scratch-resistant coating and UV protection. Progressive lenses add approximately $60 to $70 to the price, depending on your frames. Unfortunately, prescription sunglasses don’t include free prescription lenses, and the cheapest pair of single-vision-lens sunglasses starts at around $170.

If you want an antireflective coating and impact-resistant lenses, you can also upgrade to the gold lens package for about $100. The platinum lens package is $145 extra and includes Eyeconic’s thinnest lenses. Finally, you can upgrade to blue-light-protective lenses or transition lenses for $100.

If you shop on clearance, you can usually find pairs from designer brands for between $100 and $150. Clearance inventory isn’t where Eyeconic shines, and the selection is admittedly limited. However, where Eyeconic differs from the competition is in their eyewear discounts. Though subject to change at any time, current discounts include:

  • 10% off your first order after signing up for Eyeconic’s newsletter
  • 10% off for students, teachers, military members, first responders, and seniors
  • Free frame adjustment at participating in-network doctors
  • 20% off on eyewear for VSP, MetLife, and Cigna members
  • $40 or more in credits for VSP, MetLife, and Cigna members for connecting their vision insurance to their Eyeconic account

Eyeconic also states that VSP, MetLife, and Cigna members can save up to $220 on eyewear and contacts. Vision insurance is the best way to save money on eyewear at many retailers, but Eyeconic promotes these savings across their website.

If you have vision insurance with a different provider, you can complete an out-of-network claim form and still benefit from coverage. Note that an out-of-network claim doesn’t guarantee a discount or up to $220 in savings if your provider doesn’t have the same arrangement with Eyeconic.

Standard ground shipping is free. Currently, Eyeconic only ships within the U.S.

Eyeconic isn’t the cheapest way to buy eyeglasses online if you don’t have vision insurance. However, between their 10% discount and vision insurance promotions, it’s an excellent option for VSP-, MetLife-, and Cigna-covered individuals looking specifically for designer eyewear.

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6. Eyebobs

  • Pros: Free U.S. shipping; high-quality readers you can wear that all day; variety of lens upgrades; one-on-one style consultations to help you find the right eyewear
  • Cons: Single-vision and progressives are on the pricier side
  • Verdict: Shop at Eyebobs if you want high-quality readers you can wear all day

Eyebobs is another option to buy affordable eyeglasses for adults, especially if you’re looking for high-quality reading glasses.

Readers start at $95 at regular pricing and $49 when on sale. Overall, Eyebobs has more variety for readers than most online eyewear retailers that focus on prescription glasses. According to its website, Eyebobs is the No. 1 premium reader brand. And its all-day readers have a progressive lens with your reader magnification at the bottom part of the lens, half the magnification in the middle, and no magnification at the top. That means you can wear the same pair of readers while reading a book, typing at your computer, or socializing with friends.

Blue-light readers start at $135, and all-day readers start at $155. You can also find dozens of stylish designs for blue-light glasses and sunglasses starting at $95 if you want more than reading glasses.

For prescription eyewear, Eyebobs is on the pricier side versus the cheapest eyewear retailers, with glasses starting at $245 for single-vision prescriptions and $345 for progressives. Glasses come with coatings for scratch-resistance, antireflection, and UV protection. You also have several upgrades available:

  • Thinner lenses for $50
  • Blue-light-blocking lenses for $40
  • Transition lenses for $90
  • Polarized lenses for $90

There’s a webcam-powered virtual try-on option that lets you see how most frames fit your face. Eyebobs also has a 10-question style quiz that asks about your face structure, reading habits, and style preferences to find the perfect pair. Finally, you can book a one-on-one virtual Zoom consultation with an Eyebobs team member to find the right eyewear.

U.S. shipping is free, and international shipping rates vary depending on the country. U.S. customers can return or exchange unused eyewear within 90 days for free. International customers also have 90 days for returns or exchange but have to pay for shipping. Eyebobs doesn’t accept vision insurance payments but recommends checking with your provider to see if your purchase is eligible for reimbursement.

Eyebobs isn’t the most affordable choice if you want a cheap pair of prescription eyewear with single-vision or progressive lenses. But for premium readers, Eyebobs certainly stands out from the competition with more frame variety and lens upgrade options.

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7. Costco Optical

  • Pros: In-store optometrists; free shipping on orders of $75 or more; accepts most vision insurance plans
  • Cons: Not the cheapest eyewear option; requires an annual Costco membership
  • Verdict: Shop at Costco Optical if you already have a Costco membership and prefer buying eyewear in person or need to see an optometrist

For many households, shopping at Costco is an easy solution to save money by buying in bulk without sacrificing on quality. Warehouse stores generally charge a lower markup than regular retailers, which is why a warehouse membership is often worth it.

A basic Costco membership is $60 per year. However, if you plan to shop at Costco Optical in addition to the regular warehouse, the cost is easily worth it.

Costco isn’t as cheap as online retailers like Zenni Optical. According to Clark.com, the price of an entry-level pair of single-vision glasses at Costco is approximately $126, though this is subject to change over time and between stores. However, when you consider the quality of service and availability of Costco, it’s easy to see why Costco Optical is a popular choice for those who prefer shopping for eyewear in person.

You can also shop online at Costco Optical. However, you need an up-to-date prescription, and the risk of buying the wrong frame is higher than shopping in the store. At Costco, you have trained opticians to assist you at every step, from your eye exam to finding the right frame.

Costco accepts most vision insurance plans. You can shop for a range of brand-name and designer frames, like Oakley and Balmain. Costco also carries Kirkland Signature HD progressive lenses, which are antireflective and provide higher-definition vision at any distance.

If you don’t shop at Costco and would only use your membership for optical purchases, the cost probably isn’t worth it. However, when you consider the quality of service and multiple ways to save money at Costco, their optical center is an affordable option for members.

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8. Sam’s Club Optical

  • Pros: Free shipping; 20% off eyewear with plus membership; in-store optometrists
  • Cons: Requires an annual Sam’s Club membership
  • Verdict: Shop at Sam’s Club if you already have a membership there and don’t have vision insurance to take advantage of a 20% discount

Sam’s Club is an affordable way to buy everything from electronics and furniture to office supplies, groceries, and sporting goods. A basic membership only costs $45 per year. You can also buy the plus membership for $100 and earn 2% cash back on select purchases, enjoy free shipping, and get free select prescriptions.

But the plus membership also provides 20% off a pair of prescription eyeglasses or prescription sunglasses at regular price. Unfortunately, the offer doesn’t apply if you use vision insurance.

The optical center is also more affordable than Costco’s, though pricing is subject to change. Designer frames with nonglare, single-vision lenses start as low as $59. According to Consumer Reports, you can find basic progressive lenses at Sam’s Club for as low as $79. You can also change your lenses and frames to suit your needs. Lens options like Pentax are similar to Kirkland Signature HD progressive lenses, and options like UV protection and adaptive lenses are available.

You can’t purchase prescription eyewear online with Sam’s Club. However, like Costco, Sam’s Club has on-site optometrists, so you can schedule an eye exam. Sam’s Club generally accepts popular vision insurance plans but states that you should contact your local Sam’s Club to check eligible providers.

If you want to save money on everyday purchases alongside eyewear, signing up for a Sam’s Club membership is undoubtedly worth the money.

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9. 39DollarGlasses

  • Pros: 4% cash-back rewards program; extensive vision insurance network; offers lens replacements
  • Cons: No free shipping unless you spend $99
  • Verdict: Shop at 39DollarGlasses during a sale period or if your household can take advantage of the EyeBucks rewards program with multiple purchases

If you want a happy medium between $6.95 eyeglasses from Zenni Optical and more expensive in-store brands, 39DollarGlasses is for you.

As the name suggests, 39DollarGlasses carries a variety of prescription glasses for $39. Prescription sunglasses are only $48.95. All eyewear purchases include single-vision lenses, and regular bifocals and progressive lenses cost $80.

You can also add lens customizations like HD light and thin or polarized lenses. For single-vision glasses, it’s possible to stay at $39 if you don’t add customizations. Otherwise, expect to pay at least $100 to $150 for a pair of prescription eyewear. Blue-light-protective lenses are also available for an extra $50.

This retailer also offers lens replacement. Just enter details about your frame, lens type, and whether you want upgrades like blue-light protection. The base price for lenses is still $39, although bifocals and progressives cost at least $80. There’s also a $14.95 lens replacement fee. Ultimately, it can save some money if you have expensive frames and just need to fix broken lenses or receive a new prescription.

You can save more money by joining the EyeBucks rewards program. Once you make a purchase, you’re automatically enrolled. This loyalty program pays 4% of eyeglasses purchases in cash-back account credits, and credits don’t expire.

Shipping is free if you spend more than $99. Otherwise, regular shipping costs $4.95, and most orders arrive within two weeks. The company also ships internationally. For returns, you have 90 days to seek in-store credit after delivery. If you want a refund, you only have 30 days, and shipping charges are nonrefundable.

The company occasionally offers coupon codes and seasonal bonuses, so remember to visit their website when shopping around for a new pair of eyewear. The company also partners with 10 vision insurance providers, including Aetna, EyeMed, Humana, and Avesis.

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10. DiscountGlasses.com

  • Pros: Free shipping; affordable starting frames; offers lens replacements
  • Cons: Fewer options for lens coating customization; no blue-light protection for progressive lenses
  • Verdict: DiscountGlasses.com has a competitive clearance section, although there are fewer frame options on sale than websites like Glasses USA

DiscountGlasses.com is another affordable online eyewear retailer that carries over 1,000 designs for adults and kids. Plus, with frames starting under $15 on clearance and under $30 for nonclearance frames, DiscountGlasses.com has an affordable entry point for eyewear.

Pricing includes single-vision lenses. You can upgrade to thin or ultra-thin lenses for an extra $20 or $50, respectively. Basic progressive lenses cost an additional $60, meaning you can find progressive lens eyewear for less than $100 if you buy the cheapest non-clearance frames. Thin and ultra-thin progressive lens upgrades cost about $20 and $50, respectively.

There are also several upgrades available for your lenses:

  • Blue-Light Protection: Only available for single-vision lenses for about $20 extra
  • Transition Lenses: Available for single-vision and progressive lenses for about $80 extra
  • Sun Tint: Turn eyeglasses into sunglasses with UV protection for about $5
  • Antireflective Coating: Costs an additional $20

DiscountGlasses.com also carries prescription sunglasses starting under $30 on clearance and under $50 for nonclearance frames. Lenses start at around $10 extra, although you can upgrade to thin and ultra-thin lenses for about $30 and $50 extra, respectively. Adding polarized lenses costs an additional $10.

Plus, DiscountGlasses replaces lenses for free within one year of your purchase if your doctor changes your prescription due to vision problems you’re experiencing with your current pair of eyewear.

DiscountGlasses.com states they are an out-of-network provider for most insurance plans, including Davis Vision, EyeMed, Spectra/United Healthcare, and VSP. If you shop at DiscountGlasses.com, check with your current vision care provider to see if you have coverage.

Standard U.S. shipping is free with DiscountGlasses.com, regardless of your order total, which is a plus. There’s also a 365-day return policy under which you can return eyewear for store credit or a replacement pair if you’re unsatisfied with your eyewear.

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11. Lensabl

  • Pros: Free U.S. shipping; extensive upgrade options; free blue-light protection; offers lens replacements; more affordable than some of the competition
  • Cons: Not a huge selection of bifocals
  • Verdict: If you want extensive prescription upgrades, Lensabl is for you; may not be the best option for those who need bifocals

Like Warby Parker, Lensabl offers regular and designer eyewear at affordable prices. While this isn’t the cheapest eyewear retailer, prices are comparable to Warby Parker, though some frames are totally free with a lens purchase. Plus, in terms of lens upgrades, Lensabl has more selection than the competition.

Single-vision prescription with frames and lenses start at $97, and progressives start at $197. You can also find designer frames from brands like Toms and Grey Ant, but those generally cost around $200 to $250. Additionally, bifocals aren’t an option for most frame types and are usually only available in premium brands, not the $97 starter prescriptions.

Upgrade options include:

  • Premium Progressive Lenses. These high-definition, wide-corridor progressive lenses have a wider reading area compared to normal progressive lenses. This upgrade costs $327 in total.
  • High-Index Lenses. This single-vision prescription upgrade to 25% thinner lenses costs $50 more.
  • Transition Lenses. These lenses adapt to light, darkening when you’re outdoors and remaining light while inside. This upgrade costs an additional $60.
  • Trivex Lenses. These impact- and shatter-resistant lenses cost an additional $60.
  • Premium Coating Package. Get scratch resistance, smudge resistance, UV protection, and a hydrophobic (water-repellant) coating for $40 more.
  • Premium Coating and Antifog. Antifog protection plus everything from the premium coating package costs $75 more.
  • Crizal Prevencia AR. All premium coatings, superior scratch resistance, antifog protection, and blue-light protection costs $125 more.
  • Edge Polishing. Edge polishing helps lenses appear thinner, making it popular for prescriptions with thicker lens edges to enhance their cosmetic appearance. However, polishing can cause more reflections and overall light to enter, so it’s best to pair this with an antireflective coating. Polish the edges of rimless glasses for $15 or polish and roll the edges of rimless glasses for $25.

Ultimately, Lensabl’s various coating options let you upgrade your prescription to suit your needs. It’s also worth noting that blue-light protection is available for free, which is a nice touch since most retailers charge extra for it.

Lensabl also carries contact lenses and prescription sunglasses. Like regular prescription eyewear, single-vision sunglasses start at $97 and progressive prescription sunglasses start at $197. Night lenses that are 50% orange-tinted help block blue light are also available for $127 for single-vision prescriptions and $227 for progressive prescriptions.

Another convenient feature Lensabl offers is lens replacement. If you damage your lenses, you can send your glasses to Lensabl for repair and receive your glasses back within four to seven business days. Lens replacement starts at $77 for single-vision prescriptions. Progressive lenses cost $197 and bifocals cost $127. Various coating upgrades or thinner lenses are regular price for lens replacement.

Lensabl doesn’t accept vision care insurance as payment. However, some vision care partners allow you to submit your invoice for reimbursement. Lensabl partners include VSP, Atena, United Healthcare, Cigna, Humana, and EyeMed.

U.S. shipping is free, and Canadian shipping is $35. You can’t return eyewear, although remakes are free if there’s a defect with your prescription or they were made incorrectly. You have 30 days to ask for a remake.

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12. Felix Gray

  • Pros: Free U.S. shipping; high-quality blue-light blocking eyewear
  • Cons: Bifocal and progressive lenses unavailable; lack of lens customization options
  • Verdict: Felix Gray is your best option if you want single-vision prescription eyewear with leading blue-light blocking technology

Unlike other eyewear retailers, every pair of eyewear from Felix Gray comes with blue-light blocking technology. If you’re always staring at a screen because of an office or remote job or just have a lot of screen time in general, Felix Gray’s commitment to digital wellness is a selling point.

There are two primary eyewear lines at Felix Gray:

  • Clear Lens. Felix Gray says these are the best lenses for anyone experiencing headaches, blurry vision, or eyestrain. According to Felix Gray, these lenses also filter out 15 times more blue light than other blue-light-blocking brands.
  • Amber Lens. Eyewear in this line is best for anyone experiencing headaches, blurry vision, difficulty sleeping, and eyestrain. Felix Gray says these lenses are clinically proven to improve sleep and filter out 23 times more blue light than other brands. If you stay up late watching TV or are on your phone or laptop before bed, this is the right line for you.

Eyewear styles are available for adults and kids. Prescriptions for Clear lens eyewear start at $145, while Amber prescriptions start at $195.

Felix Gray only offers single-vision prescription, reading glasses, and nonprescription eyewear. Unfortunately, that means you can’t order bifocals or progressives. But Felix Gray says it can fulfill single-vision prescriptions from minus 6.00 to plus 4.00 and prescriptions that have an add power, which increases lens power.

Ultimately, that makes Felix Gray less flexible than other eyewear retailers. But if you wear a single-vision or reading prescription or nonprescription glasses and want the best blue-light-blocking technology, it’s an excellent choice.

You can use a virtual try-on tool that uses your computer’s webcam to demonstrate how the frames fit your face. You also get free shipping, returns, exchanges, and a 30-day money-back guarantee, allowing you to try Felix Gray without any risk. Eyewear also has a one-year manufacturer’s warranty that protects against defects in material, design or manufacture, coating, and cracks.

Customers in Canada and Mexico have to shop through Amazon for Felix Gray eyewear. But if you’re a Prime member, you can still enjoy free shipping. International customers shop through MyUS.com to buy Felix Gray glasses at variable shipping rates, depending on where they live.

Felix Gray doesn’t accept vision insurance directly, but you can submit a reimbursement request if you have vision insurance. Felix Gray suggests checking with your provider to see if blue-light lenses are eligible for coverage and if eyewear needs a minimum magnification to qualify.

If you want to buy cheap prescription eyewear and save as much as possible, Felix Gray isn’t the right fit. But for single-vision prescriptions with leading blue-light blocking technology, Felix Gray is your best choice.

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13. Swanwick

  • Pros: High-quality, scientifically proven blue light blocking capabilities; prescription grade CR-39 lens; free shipping on orders over $50
  • Cons: Great selection for blue light blockers but limited otherwise
  • Verdict: Swanwick is your best choice for blue light blocking and filtering glasses that help you fall asleep more easily, wake up feeling refreshed, and manage eye strain throughout the day.

Swanwick specializes in blue light blocking glasses with scientifically proven benefits for people with eye strain and sleep issues. Its product lineup includes:

  • Night Swannies specifically designed for use before bed and during sleep periods
  • Day Swannies, which filter blue light throughout the day without sacrificing vision clarity or contrast
  • Prescription Swannies featuring CR-39 lenses
  • Readers and fitovers with blue light filtration capabilities
  • Kids Swannies built to fit kids of all ages
  • Polarized sunglasses with blue light blocking capabilities

Swanwick also sells accessories like glasses cases and sleep aids like eyemasks and aromatherapy diffusers. Pricing is very competitive and shipping is free on orders over $50.

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Final Word

Unless you get laser eye surgery, spending money on eyeglasses or contacts is an inevitable part of your annual budget.

Vision care is expensive. However, you don’t have to pay full price for eyewear or let expensive designer frames drain your bank account. If you shop for deals and understand your health insurance coverage, it’s easy to buy discount eyeglasses that are both stylish and affordable.

Just remember to schedule regular eye exams to ensure your prescription is up to date. The cost of an eye exam is worth ensuring your prescription actually helps your vision, and you can make up the cost by never overpaying for eyewear again.

Tom is a freelance writer originally from Toronto, Canada. Tom’s passion for finance and discovering methods to make money originally sparked in college when he was trying to make ends meet on a tight budget. Outside of freelance writing, Tom also manages the blog This Online World – a personal finance website dedicated to helping young adults make and save more money.

Source: moneycrashers.com