Planning on hitting the road this summer? You may be able to save money on your transportation if you’re willing to a little searching.
There are companies that need to move vehicles (even RVs) from one location to another. Now, these are one-way trips, so you may have to find other ways to get yourself back home, but it’s worth investigating.
Important legal stuff: BoomtownAmerica.com is not affiliated with nor does it endorse any of these websites. We advise you check things out for yourself and as always, make sure you read the fine print or consult with an expert before you enter into any agreement.
We’ve all heard about identity theft in regards to bank accounts and credit cards, but there is another kind of identity theft that can be even costlier to you!
It’s medical identity theft. That’s when someone steals you name and insurance information, then uses it to get treatments and drugs for themselves, sticking you with the bill. With most credit card fraud, the bank or the card company winds eating most of phony charges. With medical ID theft, you could be on the hook for the charges.
To protect yourself:
- Read those letters that say “THIS IS NOT A BILL” – Make sure you go over the medical services and drugs in those letters. If you notice a treatment or a doctor you don’t know (as well as medication you are not taking). Contact your insurance company immediately.
- Guard your health insurance cards and numbers – And remember that goes for dental and vision plans as well as your medical insurance. That also goes for your Medicare card (even though it no longer contains your SSN).
- When you visit a doctor, make sure you get a copy what transpired during that visit – Including treatments performed and medication prescribed.
- Be Careful of “Free Screenings” – While most are legit, avoid any “free screening” that requires you disclose insurance information.
A 18-year study from Oregon State University suggests that working a bit longer many actually help you live longer.
The study found that those who worked at least one year past the age of 65 had a 9 percent lower death risk.
Obviously, health is a factor in some retirement decisions, but in you’re healthy enough, you may want to think about working a bit longer to live longer!
You may think you have enough socked away, but financial planners caution that these items may derail some of the best-laid plans:
Luxury Auto: Average cost $55,000
Dream Wedding For Your Child: Average cost $33,000
Dream Around-the-World Cruise: Average cost $25,000
Big Toys: 22-foot sailboat average Cost $25,000 + upkeep
Having trouble saving money? Here's a simple trick.
Start out by putting away 5¢ tomorrow. The next day add a nickel (putting away 10¢).
Keep increaisng the amount by five cents a day. At the end of a year, you'll still only putting away $18.75, but you will have saved $3,339.75!
Some things to check before you downsize to the retirement condo you think might be perfect:
- Check if the condo association dues have increased from year to year
- Determine if most of the units are owner-occupied and not rentals
- Ask about any plans for any big infrastructure projects planned for the future – and how they’re supposed to be paid for
- Ask if they have a reserve fun and how that fund is invested
What’s Hot in the World of Collectibles…
Space Program Memorabilia: Particularly from the Apollo moon missions. Our early astronauts tended to sign a lot of autographs, which they left with their families as a kind of insurance in case they dudn’t make it back!
WWII Memorabilia: They may have been the Greatest Generation, but their wat souvenirs are fetching much on the collectors’ market.
Thinking of investing in bitcoin? You might want to think again.
The first rule of investing is – don’t invest in something you don’t understand.
Bitcoin is a bunch of computer code that its backers insist is worth “real money.” Yet, the currency is literally backed by nothing at. There is no government nor really any financial institution that stands behind this “currency.” Yes, there a bunch of speculators, idealists and, frankly, criminals who insist it is a valid currency. Yet, its value against the world’s hard currencies swings wildly (which simply reflects demand for bitcoin). Finally, do you know any place you can exchange your bitcoin holdings for a loaf of bread, college tuition or a new car?
If some “financial advisor” starts talking about bitcoin being based on “blockchain” technology – this is also just computer code. It's not magical.
Remember, if you don’t understand it, probably not smart to put your money there. Just ask the people who didn’t really know how the internet function back in the 1990s and dumped their savings into dot-coms that went bust.
Here are some tips to help protect you from losing your hard-earned savings to Ponzi-like investment schemes:
1.) Research your broker and the investment - Studies show fewer than 20% of people ever check up on their broker or where he or she may be placing their money. Two good places to start are the SEC's investor.gov & the Financial Industry's Regulatory Authority's brokercheck.finra.org.
2.) If it seems too good to be true, it's probably not true. When you hear phrases like "no risk" and guaranteed returns," run the other way.
3.) If you don't understand the investment, be wary.
4.) Don't be startruck - Celebrity endorsements don't really mean anything. The endorser is usually being paid or has a financial interest in you making an investment.
Above all, take your time! Don't let a broker try to hurry with warnings that the quicker you invest, thequicker your money will grow. It can also be the quicker you lose everything!
Looking to raise a little cash and de-clutter at the same time? Here’s what’s hot and what’s not in the world of collectibles:
|Coins/Currency Pre-20th Century||War Artifacts from WWI or II|
|Cardboard Advertising Signs||Metal Advertising Signs|
|Movie posters Pre-1990||Movie Posters Post-1990|
|Space Program Collectible||Comics Books Post-1970|
|Vintage Mint Condition Toys||Post-1960 Campaign Buttons|
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