As inflation continues to pose challenges for American adults’ financial strategies, New York Life’s latest Wealth Watch survey has found that people are coping by adjusting debt management and investment strategies, although the financial guidance informing these strategy adjustments varies by generational cohort.

If you receive Social Security, you've probably already heard that your checks in 2023 will be bigger– considerably bigger, in fact. Here's what's happening: For 2023, there's an 8.7% cost-of-living adjustment for Social Security benefits, the largest increase in 40 years. Also, the monthly Medicare Part B premiums are declining next year, to $164.90/ month from…

Rice University issued the following news release:. State-sponsored retirement plans could help workers save more and help retirees rely less on social services– as long as the cost-effectiveness of such plans aren't bogged down by fees– according to a new report from Rice University's Baker Institute for Public Policy. A Federal Reserve study last year…

A few investors always become fearful of an economic Armageddon if what they view as the "wrong" presidential candidate wins or the "wrong" party takes control of Congress. Some believed if the Republicans flipped the Senate and House, that would cause the economy and stock markets to crater. Others believed if the Democrats retained control of Congress, that…

It's generally accepted among economists and investors that the Federal Reserve has an impossible task of getting inflation under control without broad and lasting damage to the economy. It's time for a reality check. The Fed doesn't have any direct control over rents, and what indirect control it does have tends to push rents in the wrong direction.

With the Federal Reserve's recent hikes of its federal funds rate, borrowers with small-business loans may think that they've missed their opportunity to refinance to a lower interest rate. A lower interest rate may still be within reach, because the rate you pay on your business loan is influenced by more than the Federal Reserve. "If someone is looking to get a…

Consumer prices jumped 8.2% in the 12 months through September, and the Federal Reserve is raising interest rates. Famed investor Cathie Wood, chief executive of Ark Investment Management, reiterated her view Nov. 8 that deflation is the big economic concern, not inflation. Companies in the innovation technology areas that Ark focuses on now have a market…

BMO Financial Group must pay the bankruptcy trustees of Tom Petters $563.7 million in damages for the role a predecessor bank played in the multibillion-dollar fraud by the Minnesota businessman, a federal jury in St. Paul ruled Tuesday. The judgment is believed to be the largest financial penalty ever handed out by a jury in a Minnesota courtroom, attorneys…

District Judge Edward Davila is the latest setback for Holmes, a former Silicon Valley star who once boasted an estimated net worth of $4.5 billion but is now facing up to 20 years prison that would separate her from her 1- year-old son. In the latest twist in a Silicon Valley soap opera, Holmes appeared to be pregnant when she showed up for an Oct. 17 hearing about her…

The seizure occurred during a previously undisclosed raid on a Georgia residence in connection with a 2012 wire fraud scheme conducted via the infamous, now-shuttered dark web blackmarket, Silk Road. The DOJ' s raid remains its second-largest cryptocurrency seizure ever after this year's recovery of $3.6 billion in Bitcoin from Ilya Lichtenstein and…

DENVER— Many of us are dreaming a Powerball dream, now that the jackpot is approaching $2 billion. "You do not want to lose that ticket so make sure you have it in a safe spot where you know you can get to at any time," said Thomas Reilly with Strategic Wealth Designers. Wally Darling, owner of Lakewood Hills Investments, agrees.

Federal Reserve officials are battling the fastest inflation in four decades, and as they do they are parsing a wide variety of data sources to see what might happen next. If they check in on how executives are describing their companies' latest financial results, they might have reasons to worry. "While we are seeing signs of economic slowing, consumers and…

J. Mitchell Lowe, previous CEO of the movie ticket subscription service, and Theodore Farnsworth, former leader of the company's now-defunct parent firm Helios& Matheson Analytics Inc, allegedly schemed to defraud MoviePass investors by producing "materially false and misleading representations" of business activities to boost stock prices and attract…

The trial is set to start Jan. 23 in Walterboro, and Murdaugh’ s lawyers, Dick Harpootlian and Jim Griffin, had petitioned the court to allow Murdaugh to cash out his 401 to pay for expert witnesses and other trial expenses. Meanwhile, court appointed receivers have been given approval to sell the island, which is in Beaufort County and west of Hunting Island.

Tesla shares fell into a funk after Musk took a stake in Twitter, agreed to buy it and then tried to wiggle out of the deal. Tesla shares didn't react much after Musk clinched the acquisition, then took a whack along with much of the market Wednesday, when Federal Reserve Chairman Jerome Powell said the central bank will keep raising interest rates to tame inflation.

Final figures aren't available, but Lee County asserts that Hurricane Ian destroyed about 5,000 homes and severely damaged 13,000. The Category 4 hurricane also targeted other counties, states and countries. Reportedly, 127 people in Florida died because of Ian. Taxpayer-funded costs for the Federal Emergency Management Agency include more than $500…

According to the Federal Bureau of Investigation, in 2021 there were 92,371 older victims of fraud resulting in $1.7 billion in losses. Government imposter scams: These are fraudulent telephone calls from people claiming to be from the Internal Revenue Service, Social Security Administration or Medicare. Or they may say your Social Security or Medicare…