RetireHub Daily

Internet deals (and more) for retirees

It is Thursday, December 7th, 2023.

On This Day In History — on this day in 1941, Japanese bombers launched a surprise aerial attack on the U.S. naval base at Pearl Harbor on the island of Oahu, Hawaii, precipitating the entry of the United States into World War II.

Deal of the Day

Robinhood 1% Bonus

• Robinhood is offering a 1% bonus for any amount of money deposited. This means that if you were to transfer over $100,000 you’d immediately get a $1,000 bonus.

• There are a few stipulations and fine print points, but this is a very good deal for most individuals. Additionally, money in savings account at Robinhood currently earn 5% APY.

• Go to Robinhood’s Website to learn more.

Words of the Day

Finance: Amortization

Definition: Amortization is a method of spreading an intangible asset's cost over the course of its useful life.

Example: A business has a $10,000 software license, which it expects will come to an end in five years. Using the straight-line method, the amortization expense would be $2,000 per year for the next five years. At the end of five years, the carrying amount of the asset will be zero.

Medical Word: Benign

Definition: Refers to a tumor that is neither cancerous nor malignant.

Slang Word of the Day: Bop

Definition: When a song or album is especially good.

Used in a Sentence: “That new Taylor Swift single is an absolute bop.”

Best Of The News

Taylor Swift named Time Magazine's person of the year

• Taylor Swift has capped off a stellar 2023 by being named Time Magazine's person of the year.

• The star, whose Eras tour broke box office records and provoked an inquiry into Ticketmaster's sales practices, follows the likes of Barack Obama, Greta Thunberg and Volodymyr Zelensky.

• …read the full story

CVS will change the way it prices prescription drugs

• CVS is revamping the way it reimburses its pharmacies for prescription medications, a move that could make prescription drug pricing simpler and change how much consumers pay for their medicines.

• The company said in an announcement Tuesday that its new pharmacy reimbursement model will bring more transparency to its drug pricing system. It’s a similar model to the one entrepreneur Mark Cuban is pushing with his Cost Plus Drugs company.

• …read the full story

Our goal is to grow RetireHub to over 1 million members — with this, we’ll have the leverage to get even better discounts from the likes of Netflix, Amazon, and others.

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