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☆ Some Investors Are Missing Out on Higher Yields—and Don’t Know It
▼ + stars: | 2023-02-05 | by ( Randall Smith | ) www.wsj.com time to read: 1 min

As money-market rates have risen, investors would do well to check what they are getting in sweep accounts, say advisers. Stocks and bonds both fell sharply last year. But one bright spot in financial markets was the rising interest rates on money-market funds, which in December topped 4% on average for the first time in 15 years. Money-fund rates have stayed high so far this year, now averaging 4.18%, according to Crane Data LLC. That’s a big increase from just a few months ago, and investors who aren’t aware of the climb in rates—or who don’t act on it—could be missing out on an opportunity for much higher returns than they’re getting now on the cash in their brokerage accounts.

☆ AARP-Branded Medicare Drug Plan Is Too Costly for Many Retirees, Critics Say
▼ + stars: | 2022-11-04 | by ( Randall Smith | ) www.wsj.com time to read: 1 min

About a third of Medicare drug-plan beneficiaries shop around annually, by one estimate. A Walmart Pharmacy in West Haven, Conn., in 2021. The AARP name has become a marketing juggernaut among baby boomers, with the group’s nearly 38 million members receiving offers for AARP-branded health, life and auto insurance, and discounts on cellphones, travel, car rentals and even pet insurance. One of its most popular branded products is the high-end AARP MedicareRx Preferred plan, insured by United Health Group Inc.—and it carries the highest premiums among all national stand-alone Medicare drug plans. For many boomer retirees, some experts say, its price has gone up so much that the retirees should consider moving to a less-expensive policy.

Let’s say you want to save your principal—or much of it—for your children. Here’s what the numbers look like.

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