Paying for health care can be challenging– but are you taking full advantage of all the resources available to you? In fact, you can carry your HSA with you all the way until retirement, when you can use the money to pay for qualified expenses that Medicare or Medicare Supplement Insurance doesn't cover. In 2023, you can contribute up to $3,850 to an HSA, or $4,850 if…
More Stories
The Securities and Exchange Commission today charged Richmond, California resident Tilila Walker Sumchai with raising approximately $11.8 million from more than 1,000 investors through a fraudulent securities offering targeting members of the Tongan American community across the United States. According to the SEC's complaint, from approximately…
But there’ s good news for savers: For the sixth straight month, the top savings yield is outpacing inflation, according to Bankrate data. So, $20 left in your old winter coat in January 2019 could have bought $20 of goods back then. But now you’ d need an extra $4.40 to make up the difference in rising costs and have the same buying power.
The United States Securities and Exchange Commission today filed charges against Connecticut resident Jonathan J. Ferrie, a financial professional formerly employed at the Cigna Group, for insider trading in advance of Cigna's quarterly earnings announcement in August 2021. The SEC's complaint, filed in the U.S. District Court for the District of…
Low financial literacy may be costing consumers money
Low levels of financial literacy could be costing the average U.S. household over $5,000 every year, according to a recent study.
The people at the Federal Reserve charged with fighting inflation and, one hopes, ensuring full employment, meet this week, and that could create a whole lot of volatility. Wall Street analysts and traders get it in their heads about the Federal Open Market Committee, the Fed's rate-making body, will decide. Right now, the betting is on the Fed holding its key…
Allianz Life’s 2023 annual consumer survey of Americans’ views on retirement planning found that diverse Americans are re-engaging with professional financial advisors in 2023, rebounding from a drop reported in 2022.
According to court documents, in 2005, Roberto Gustavo Cortes Ripalda, 56, of Key Biscayne, founded financial services company Biscayne Capital. For example, Cortes and his co-conspirators told clients that their investments would finance the development of real estate projects, when in fact, Cortes and his co-conspirators used the money to pay other…
Inflation can have a significant impact on investments. Here's how inflation affects various types of investments and some strategies to mitigate its effects:. *Purchasing Power Erosion: Inflation erodes the purchasing power of money over time.
Insurance companies handle vast sums of money, known as premiums, paid by policyholders. They must invest these funds wisely to ensure they can cover claims and expenses and still make a profit. The challenge is compounded by factors such as inflation and skyrocketing expenses.
On September 6, 2023, United States District Judge Eldon E. Fallon sentenced ASHTON J. RYAN, JR., age 75, of Kenner, Louisiana, to a term of imprisonment of 170 months following RYAN's convictions for bank fraud and making false statements in bank records, announced U.S. Attorney Duane A. Evans. When the Bank's Board, external auditors, and FDIC examiners asked about…
CFP Board of Standards announced that its Board of Directors has issued proposed revised Sanction Guidelines and Fitness Standards for public comment.
Research found that as younger workers aged and accumulated larger account balances, they experienced an increased likelihood of taking a 401(k) plan loan.
Wealthy Americans don’t sit back and assume they have nothing to be concerned about financially, according to the latest findings from Northwestern Mutual’s 2023 Planning & Progress Study.Â
The founder and CEO of Tadrus Capital, LLC, Mina Tadrus, has been charged with wire fraud in what appears to be a disturbing trend of old crimes dressed in new technological clothing. Following his arrest, Tadrus made an appearance in federal court in the Middle District of Florida, securing his release on a $100,000 bond. According to U.S. Attorney for the Eastern…
Insurance commissioner warns on false Calif. LTC plan information
California’s insurance commissioner puts long-term care insurers and agents on notice for spreading misleading marketing materials and emails.
According to data presented by AltIdex.com, Americans invested an average of $70,000 via robo-advisors last year, five times more than Europeans and nine times more than Chinese.
Retirement planning is not unlike a highstakes football game, where each decision you make leads you closer to, or further from, your end goal. Safe money investing is akin to those strategic plays that drive the team methodically down the field, prioritizing safety and consistency over flashy maneuvers. It focuses on protecting the principal while still…
Use of lifestyle spending accounts increases among businesses
Flexible Lifestyle Spending Accounts , or LSAs, have experienced double-digit increases across companies of all sizes, a recent study found.
Few will wait until 70 to receive maximum Social Security payments, study finds
Only 10% of non-retired Americans will wait until 70 to receive their maximum Social Security benefit payments, according to a recent survey.
