Fact Check: Can You Contribute to an HSA After Age 65? The IRS Rules Are Stricter Than You Think
The IRS stops HSA contributions at 65—no exceptions for working retirees or self-employed people.
Category Strategies
Fact Check: Do Senior Discounts on Car Insurance Actually Save Retirees Significant Money?
Yes, senior discounts on car insurance do save retirees significant money for many, but the amount varies considerably depending on your age, driving...
New Study Found Retirees Spend an Average of $6.40 Per Mile More on Transportation Than They Estimate
Recent claims about retirees spending $6.40 per mile more on transportation than estimated have circulated online, but the specific figure cannot be...
At Least 19% of Seniors Over 80 Are Still Driving Despite Qualifying for Lower-Cost Alternatives
The data on elderly drivers tells a more nuanced story than the headline suggests. While it's true that a significant portion of seniors over 80 continue...
Warning: Auto Insurance Rates for Drivers Over 75 Have Increased 22% in the Last Three Years
The commonly cited figure of a 22% increase in auto insurance rates specifically for drivers over 75 in the last three years does not appear in current...
$7,200 Average Annual Cost of Car Ownership for Retirees Including Insurance and Maintenance
The average annual cost of car ownership for retirees typically ranges from $8,000 to $12,000 when including insurance and maintenance, though the...
Funeral Cost Crisis Explained in One Statistic That Will Shock You
One statistic reveals the funeral cost crisis in America: 57% of Americans cannot afford a funeral without going into debt.
He Pre-Paid $8,000 for His Funeral and Discovered the Funeral Home Had Spent the Funds
Yes, it happened—and not in some distant past, but in the 2010s at a funeral home in Logan, Utah.
$19,400 Average Total End-of-Life Cost Including Funeral, Burial, and Final Medical Bills
The $19,400 figure you may have seen cited for end-of-life costs represents only a fraction of what Americans actually spend when someone dies.
Fact Check: Does Life Insurance Always Cover Funeral Costs Without a Waiting Period?
No, life insurance does not always cover funeral costs without a waiting period. In fact, most life insurance policies that accept applicants with minimal...