Rising interest rates have been a hot topic the past year, as the Federal Open Market Committee raises interest rates for the Federal Reserve system, the central bank of the United States. Jon Stewart, Retail Team Leader, Coastal Community Bank, said he talks to customers daily about their questions regarding interest rate increases. Stewart explained that…

DENVER, Colo.— In a time where almost everything costs more, it's easy to feel overwhelmed thinking about saving for the future. For many people, that feeling is changing the way they spend money. "I'm currently in Spain doing an internship with the Institute of Film Madrid," she said.

Eric Peterson from Peterson Financial Group shares details of a retirement income literacy survey. You can learn more at a retirement planning today course, which starts September 19th. If you have questions, call Peterson Financial Group at 515-226-1500 or go online at askericpeterson.com.

Ron DeSantis plans to deploy the $199- billion Florida Retirement System Tuesday to the front lines of a 2022 culture war, mid-term election. And some of these businesses are going to have to choose between going down the ESG rabbit hole or being able to be invested with the State of Florida. " According to the global management consulting firm McKinsey and…

District Judge Thomas P. Barber has sentenced Thomas Coelho to 10 years in federal prison for wire fraud. As part of his sentence, the court also entered an order of forfeiture in the amount of $1.8 million, the proceeds of the wire fraud scheme. Coelho, who held himself out to be a lawyer and a Wharton School of Business graduate, used his association with persons and…

It's now up to $1.125 trillion, taking it past its pre-pandemic high, according to the Fed's G. 19 consumer credit report released Aug. 5. Total consumer debt- which includes student and auto loans, as well as revolving debt- gained $40.1 billion to touch $4.627 trillion in June. In its quarterly report on household debt and credit, the Federal Reserve Bank of New York…

Revolving credit, which includes credit cards, surged by 21.4% in March, according to the Federal Reserve. But at the same time that credit card debts are growing, rising interest rates have made carrying a balance more expensive. This strategy only works if you resist the temptation to use the balance transfer card to make new purchases, said Beverly Harzog,…

Even with the Federal Reserve's attempts to control inflation through interest rate increases, it's unlikely these prices will fall dramatically. Using inflation and annual spending data from the U.S. Bureau of Labor Statistics, we looked at how spending in 2022 will differ from 2020, the last full year when inflation was relatively stable.

There's never a good time to have a lot of personal debt, but now would have to be one of the worst times. Since March, the Federal Reserve raised interest rates by a cumulative 225 basis points, or 2.25%. The high interest rates make credit-card and debt-consolidation programs attractive routes for consumers, said Bruce McClary, senior vice president of…

With Americans being crushed by inflation as the midterm election nears, desperate Democrats led by President Joe Biden are patting themselves on the back for passage of the Inflation Reduction Act. The IRS finally is going to be able to beef up its staff so it can do its job, including processing tax returns promptly and catching tax deadbeats.

Rising interest rates have been a hot topic the past year, as the Federal Open Market Committee raises interest rates for the Federal Reserve system, the central bank of the United States. Jon Stewart, Retail Team Leader, Coastal Community Bank, said he talks to customers daily about their questions regarding interest rate increases. Stewart explained that…

Five of six South Florida residents who were indicted on charges that they defrauded investors out of millions by claiming the money would develop a mobile gaming application have now pleaded guilty. The scheme centered around a company called Social Voucher, formed in 2013 by co-defendants Gerald Parker, 73, of Juno Beach, and Michael Assenza, 44, of Boca…

He purchased a $1.5 million house for himself and his wife in Clarence, where he lived from 2015 to 2019, and bought another home for $738,000 in Florida for a relative. Pastor allegedly spent $294,000 on jewelry, $95,000 on furniture for a rented home in California and $57,000 on clothing at a high-end men's clothing store in Amherst. Their audacious lies,…

A Manalapan resident has been charged with defrauding victims in an investment fraud scheme out of at least $1 million and with fraudulently obtaining a loan of approximately $96,000 meant to help small businesses during the COVID-19 pandemic, U.S. Attorney Philip R. Sellinger announced on Aug. 17. He was scheduled to make his initial court appearance on Aug. 17…

TROY, New York, Aug. 18– Rensselaer Polytechnic Institute issued the following news:. Conor Lennon, an associate professor of economics at Rensselaer Polytechnic Institute. "Health insurance offered by employers is the most common source of coverage among working-age adults," Dr. Lennon said.

In fact, according to recent Fidelity Investments ® research 2, more than half of American workers indicate they are“ extremely or very concerned” about the health and stability of the economy— and as a result, nearly 1 in 5 say they have adjusted their retirement strategy and are taking a more conservative approach to their retirement savings.

In some corners of the personal finance advice world, getting into debt is just about the worst thing you can do. "Good debt can help you move forward with your career and life," says Mark Reyes, a certified financial planner and senior manager of financial assistance at financial services app Albert. That's not a bad debt to have; it's going to put a roof over your head, "…

There's never a good time to have a lot of personal debt, but now would have to be one of the worst times. Since March, the Federal Reserve raised interest rates by a cumulative 225 basis points, or 2.25%. The high interest rates make credit-card and debt-consolidation programs attractive routes for consumers, said Bruce McClary, senior vice president of…