Connect with us

Personal Finance

TSA PreCheck still has value amid airport screening changes: expert

Published

1 year ago

on

Passengers walk through the entrance of a TSA PreCheck in Terminal One at O’Hare International Airport Wednesday, Feb. 1, 2017, in Chicago. (Armando L. Sanchez/Chicago Tribune/Tribune News Service via Getty Images)

Armando L. Sanchez | Chicago Tribune | Getty Images

As airport security checkpoints undergo changes that may help travelers get through faster and with less hassle, experts say paid services offering modified security screenings — like TSA PreCheck, Global Entry and Clear — may still be worth the cost. 

Earlier this month, Department of Homeland Security Secretary Kristi Noem announced that in certain airports, families will have their own dedicated screening lanes as part of a new initiative called “Families on the Fly.” That follows a change ending the Transportation Security Agency’s “shoes off” travel policy.

Noem has also floated the idea of allowing more liquids in carry-ons, which could also affect the speed of airport screenings.

The ability to keep shoes on through security was once a perk limited to TSA PreCheck enrollees. Qualifying travelers can go through the program’s screening without taking off items including shoes, belts and light jackets, or removing items from bags like travel-size liquids or laptops.

Even with some friendlier screening policies in play, experts say paid memberships still have value.

“There are still a lot of compelling benefits for PreCheck,” said Henry Harteveldt, founder of Atmosphere Research Group, a travel industry market research and advisory firm.

More from Personal Finance:
How to lower your capital gains taxes on home sales
Student loan forgiveness paused for borrowers on IBR plan
What Americans get wrong about Social Security

About 39% of surveyed travelers with TSA PreCheck said the biggest perk was having a less stressful experience, according to a survey by UpgradedPoints, a travel site. In March, the site surveyed 1,515 travelers, including 659 who had a TSA PreCheck membership.

It’s one of the five trusted traveler programs available through Homeland Security that provide modified screening for pre-approved members.

There are also private companies like Clear that offer their own paid memberships to get through the airport screening line faster.

Almost all, 99%, of TSA PreCheck passengers wait less than 10 minutes, while standard screening lanes typically take 30 minutes or less, according to the agency.

Enrollment, renewal costs may vary

Membership for TSA PreCheck is valid for five years, but enrollment and renewal fees depend on the servicer you choose to work with, and whether the process is done in-person or online.

“Each enrollment provider is allowed to set its own prices for enrollment and renewal fees with TSA approval,” according to a TSA spokesperson. 

For instance, Telos, one of the three TSA-approved service providers, charges an enrollment cost of $85 and a renewal fee of $70 for both online and in-person. 

Another TSA-approved service provider is Clear, which charges $77.95 to enroll in PreCheck. For renewals, the company charges $68.95 if done online and $77.95 if done in-person.

Meanwhile, a Clear Plus membership costs $209.

Several other trusted traveler programs include TSA PreCheck as part of their packages, such as Global Entry, which offers an expedited screening through U.S. Customs and Border Protection upon arrival from overseas. The membership costs $120 and lasts for five years.

“Travelers can select the enrollment provider that best suits their needs,” the TSA spokesperson told CNBC.

Here’s how to decide if a pre-screening membership is worth it for you, according to experts. 

1. Assess how often you travel

Before you sign up or begin the application, factor in how often you travel every year, experts say. 

If you only travel once or twice a year, it may not be worth going through the effort and the cost, said Sally French, a travel expert at NerdWallet. 

To apply for TSA PreCheck, for example, you need to complete an online application. Then you need to visit an enrollment center — some might accept walk-ins, while others require appointments — where you bring necessary documents, have your photo taken and fingerprints scanned.

But if you travel more frequently, then TSA PreCheck “can be worth it,” said Harteveldt. 

Some credit cards and loyalty programs will cover fees for enrollment in TSA PreCheck or other pre-screening memberships. That can make enrolling more worthwhile, even for infrequent travelers.

2. Pick the right program for your needs

If you travel internationally, Global Entry is another trusted traveler program to consider. Qualifying individuals can access expedited customs screening upon returning to the U.S. from other countries, and the membership also includes access to TSA PreCheck lanes.

However, think about how often you travel abroad, whether for business or leisure, and if you have an upcoming overseas trip.

Not only is the enrollment fee more expensive but there may be limited enrollment centers in your state, making the application process more onerous. You may need to travel long distances to your nearest center, and scheduling an appointment may be difficult.

“A lot of people have cited it’s difficult to even get an interview,” said French.

Now Boarding: Why boarding an airplane is so difficult

Meanwhile, the value of a Clear Plus membership may depend in part on where you travel, experts say: It’s in more than 60 airports, including some international locations.

Clear also “has value outside of airports” as its membership is available for lines in certain stadiums and arenas, said French.

Related Topics:
Continue Reading

Personal Finance

$20,000 Caution Bond Requirement for US Visa Applications imposed on 50 Countries

Published

6 days ago

on

August 8, 2026

By

The United States Department of State has officially implemented a revised visa policy introducing a mandatory posting requirement for caution payments of up to $20,000 on select foreign travel applications. Under the updated regulatory framework, consular officials are authorized to require temporary nonimmigrant visa applicants from targeted foreign countries to post a refundable financial bond of $20,000 as a condition for visa issuance. The policy mechanism is designed to address diplomatic concerns regarding high overstay rates among temporary visitor, business, and educational visa categories.

The caution bond pilot program applies selectively to foreign nationals from designated countries whose diplomatic entities record historical visa overstay rates exceeding established federal thresholds. Under administrative guidelines published by the State Department, the full financial deposit is posted directly to a dedicated federal escrow account prior to final visa issuance. The entire caution payment is automatically refunded to the applicant upon verified proof of timely departure from the United States in strict compliance with the authorized duration of stay. Conversely, failure to depart within the legal timeframe results in full forfeiture of the posted financial bond to the United States government.

Diplomatic representatives and travel policy experts have expressed varying perspectives regarding the operational implementation of the caution bond system. Administration officials emphasize that the measure serves as an effective, market-based incentive to enforce international travel compliance and preserve domestic immigration security standards. However, international trade organizations and foreign diplomatic missions have raised concerns regarding the financial burden imposed on legitimate business travelers, foreign students, and commercial partners from developing nations.

The United States finalized the rule to make the temporary visa bond program permanent, taking effect on August 3, 2026. The updated permanent regulation replaces the prior 12-month pilot, eliminates the lowest $5,000 tier, and raises the maximum required bond amount to $20,000 for specific B-1/B-2 business and tourist visa applicants.

Here is the list of the 50 countries on the list as o August 3, 2026

African Nations (31 Countries)

  • Algeria
  • Angola
  • Benin
  • Botswana
  • Burundi
  • Cabo Verde (Cape Verde)
  • Central African Republic
  • Côte d’Ivoire (Ivory Coast)
  • Djibouti
  • Ethiopia
  • Gabon
  • The Gambia
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Lesotho
  • Malawi
  • Mauritania
  • Mauritius
  • Mozambique
  • Namibia
  • Nigeria
  • São Tomé and Príncipe
  • Senegal
  • Seychelles
  • Tanzania
  • Togo
  • Tunisia
  • Uganda
  • Zambia
  • Zimbabwe

Asian & Eastern European Nations (11 Countries)

  • Bangladesh
  • Bhutan
  • Cambodia
  • Georgia
  • Kyrgyzstan
  • Mongolia
  • Nepal
  • Papua New Guinea
  • Tajikistan
  • Turkmenistan
  • Uzbekistan

Caribbean & Latin American Nations (5 Countries)

  • Antigua and Barbuda
  • Cuba
  • Dominica
  • Grenada
  • Venezuela

Oceanian Nations (3 Countries)

  • Fiji
  • Tonga
  • Vanuatu

Continue Reading

Personal Finance

Next-Generation Retirement Planning: Managing Longevity Risk and Variable Income Streams

Published

1 week ago

on

August 7, 2026

By

Retirement planning strategies are evolving in 2026 to address increased life expectancies, shifting dynamic market conditions, and the transition away from traditional defined-benefit pensions. Individual investors and financial advisors are abandoning rigid retirement models in favor of flexible, multi-asset strategies designed to mitigate longevity risk and preserve purchasing power over multi-decade retirement horizons.

Mitigating Longevity Risk with Dynamic Asset Allocation
As average life expectancies extend past eighty-five years, one of the primary financial risks facing retirees is outliving their accumulated wealth. Traditional fixed income allocations—such as the standard 60/40 equity-to-bond portfolio—are being reevaluated to ensure portfolios generate sufficient capital growth alongside reliable income.

Financial planners recommend maintaining a meaningful equity allocation throughout retirement to offset long-term inflation erosion. High-dividend equity funds, global real estate investment trusts (REITs), and inflation-indexed Treasuries are combined to create diversified portfolios that deliver both growth and income stability.

The Transition to Dynamic Withdrawal Strategies
The classic “4% safe withdrawal rule” is increasingly replaced by dynamic withdrawal strategies that adapt annually based on market performance. Under a dynamic withdrawal framework, retirees adjust their annual distribution rates within pre-set caps and floors:
– Market Upside: During strong market returns, retirees can increase discretionary spending or fund family legacy gifts.
– Market Downturns: During market pullbacks, spending distributions are temporarily reduced to prevent sequence-of-returns risk and preserve core investment principal.

Guaranteed Lifetime Income Options and Deferred Annuities
To establish a guaranteed baseline for essential living expenses, individuals are incorporating modern fixed-indexed and deferred longevity annuities into their broader retirement architectures. Modern annuity structures offer competitive return caps, transparent fee schedules, and inflation-adjustment options.

By funding essential expenses—such as housing, healthcare, and insurance—with guaranteed income streams from Social Security, pensions, and annuities, retirees can manage discretionary investment portfolios with greater flexibility and lower emotional stress during market volatility.

Actionable Steps for Future Retirees
1. Calculate Baseline Retirement Expenses: Determine fixed living costs and map guaranteed income sources to cover essential expenditures.
2. Adopt Flexible Withdrawal Rules: Implement dynamic spending rules to protect investment principal against market downturns.
3. Incorporate Inflation-Protected Assets: Maintain exposure to dividend-growing equities and inflation-indexed bonds to safeguard long-term purchasing power.

Continue Reading

Personal Finance

Building Generational Wealth: Family Governance, Estate Tax Optimization, and Asset Protection

Published

2 weeks ago

on

August 1, 2026

By

As the largest intergenerational transfer of wealth in history accelerates, high-net-worth families, entrepreneurs, and individual investors are placing heightened emphasis on comprehensive estate planning, family governance, and asset protection. Preserving capital across generations requires a balanced approach combining tax-efficient legal structures with open family communication and financial literacy education.

Optimizing Estate Tax Exemptions and Trust Structures
With potential modifications to federal estate tax exemption thresholds on the horizon, proactive estate planning is essential for high-net-worth households. Estate planning attorneys and wealth advisors are establishing multi-generational trust structures to transfer wealth efficiently while minimizing estate and gift tax exposure.

Popular structural strategies include:
– Irrevocable Life Insurance Trusts (ILITs): Utilizing life insurance proceeds to provide liquidity for estate tax obligations without expanding the taxable estate.
– Grantor Retained Annuity Trusts (GRATs): Transferring rapidly appreciating assets to beneficiaries with minimal gift tax consequences.
– Dynasty Trusts: Preserving wealth across multiple generations while providing long-term asset protection from creditor claims and legal liabilities.

Establishing Family Governance and Financial Education
Legal and financial structures alone cannot guarantee long-term wealth preservation without effective family governance. Financial advisors report that a significant percentage of multi-generational wealth dissipation stems from lack of communication and inadequate financial preparation among heir generations.

Families are establishing formal family governance frameworks, including periodic family meetings, written mission statements, and structured philanthropic foundations. Involving younger family members in charitable grant-making and investment discussions fosters financial stewardship and prepares heirs to manage family assets responsibly.

Digital Asset Custody and Legacy Planning
In today’s modern economy, estate planning must extend beyond physical real estate and traditional brokerage accounts to encompass digital assets. Comprehensive estate plans now include detailed inventories and legal access protocols for corporate domain names, intellectual property, digital media rights, and cryptocurrency holdings.

Fiduciaries and estate executors should be provided with secure, encrypted access mechanisms and clear legal authority to manage and transfer digital holdings in accordance with the owner’s estate directions.

Practical Steps for Legacy Planning
1. Review and Update Estate Documents: Ensure wills, revocable trusts, and power-of-attorney designations accurately reflect current family structures.
2. Establish Structured Trusts: Utilize irrevocable trusts to protect assets from creditors and minimize future estate tax liabilities.
3. Create a Digital Estate Inventory: Document access protocols and legal permissions for all online accounts, intellectual property, and digital assets.

Continue Reading

Trending