The High Cost of Bank Overdraft Charges

By Jerome Lamet, Supervising Attorney

Congress is currently considering limiting bank overdraft charges, and while we hope that these fees for bouncing checks are regulated, for the time being, we need to deal with them. Here are some facts regarding bank overdraft charges to keep in mind.

Banks and credit unions unilaterally permit most customers to borrow money simply by writing a check, withdrawing funds at an ATM, using a debit card at the point of sale or preauthorizing electronic payments that exceed the funds available in a checking account.......

Borrowing to Stay Healthy:

Medical Expenses and Credit Card Debt

Health care costs are rising sharply, placing stress on employers, individuals and families. As employers look to reign in benefit costs, they are increasingly turning towards health insurance options that feature greater employee cost-sharing through higher deductibles, co-payments and other forms of out-of-pocket expenses. Others are dropping coverage entirely.

Long-Term Care Insurance:

How to Scrutinize a Policy

Courtesy of Consumer Reports

Don't talk to an insurance agent until you know what kind of long-term-care coverage is best for you. An agent naturally wants to sell you a policy, and may tailor one to fit what you can afford rather than what you need. For guidance, consider a consultation with a fee-only financial adviser.