designer491 / Shutterstock.com Commitment to Our Readers Renters insurance is a policy that protects tenants from financial losses related to personal property, liability and additional living expenses. A common misconception is that a landlord’s insurance will cover a tenant’s belongings, but in most cases, it protects only the building itself and not what’s inside your unit, per Allstate. One of the biggest reasons renters go without coverage is money, but it’s often more affordable than...

Commitment to Our Readers Gen X is juggling mortgages, student loans and kids’ college costs while trying to save for retirement. Unlike boomers with pensions or millennials with time to build wealth, they’re caught in the middle. To uncover their biggest money mistakes and how to avoid them, we asked financial experts for their insights. Here’s what they had to say. 1. Ignoring Retirement Savings — Thinking Social Security Will Be Enough Many Gen Xers are behind on retirement savings,...

Commitment to Our Readers Millions of Americans provide unpaid care for aging or ill family members, and it’s costing them. “Family caregivers spend, on average, over a quarter of their income on providing said care,” said Javier Palomarez, founder and CEO of the United States Hispanic Business Council. “Considering the sustained rise of healthcare costs, this is only sure to increase.” To help ease the financial burden, lawmakers have proposed the Credit for Caring Act, a bill that would...

Cash feels like the safest bet to most people. It’s steady, predictable and always there when you need it. But according to Fidelity’s research, holding too much cash could quietly erode your wealth rather than protect it. With interest rates falling and inflation still creeping up, the value of cash is shrinking. While having some cash on hand is necessary for emergencies, Fidelity’s long-term data shows that cash has historically been the worst-performing asset class, significantly lagging...

Commitment to Our Readers If you’re in the market for a home, you’ve probably heard that timing is everything. But when exactly is the best time to buy? We asked real estate experts for their take and while their opinions varied, they highlighted different advantages depending on the time of year — whether it’s finding better deals, avoiding competition or having more options to choose from. Here’s a breakdown of the best times of the year to buy a home. Why Spring and Summer Are Challenging...