Social Security recipients will see a 3.2% cost-of-living adjustment (COLA) in 2024, down from the 8.7% increase in 2023.
On average, Social Security retirement benefits will increase by more than $50 per month starting in January.
He never told his employer and ignored a federal Financial Industry Regulatory Authority requirement to register the victim as a client, New Jersey Attorney General Matthew Platkin said in a joint announcement with Interim Insurance Fraud Prosecutor Al Garcia. A grand jury in Trenton subsequently indicted Boston on theft charges following an…
Damian M. Baird, 51, of Clarence was arraigned on Oct. 3 on an indictment charging him with one count of grand larceny in the second degree, three counts of grand larceny in the third degree and four counts of criminal possession of a forged instrument in the second degree. It is alleged that, between Feb. 3 and March 15, the defendant fraudulently obtained more than…
NEW YORKā As he pilfered billions from customers of his global currency exchange FTX, Sam Bankman-Fried disregarded moral codes like "don't steal"ā then blamed the woman he put in charge when things went south, a Manhattan jury heard Wednesday. "He said that he was a' utilitarian,' and he believed that the ways that people try to justify rules like' don't lie,'' don't steal,'…
Financial wellness benefits are in the spotlight as employers respond to workers’ concerns, a survey showed.
How can you advise employers regarding the options available to assist in the repayment of student loan debt to augment employeesā financial well-being?
The lies from FTX founder Sam Bankman-Fried date back to the company's very beginning, prosecutors say. He lied to customers and investors alike, it is claimed, as part of what U.S. Attorney Damian Williams has called "one of the biggest financial frauds in American history." A new study in the Strategic Management Journal sheds some light on the issue.
Truist completed on April 3 selling for $1.95 billion a 20% stake in Truist Insurance Holdings Inc. to funds managed by Stone Point Capital. Truist Insurance Holdings is the sixth-largest U.S. insurance brokerage with more than 250 offices nationwide and more than 9,000 employees, or 17.1% of Truist's overall workforce of 52,564 as of June 30.
–There are currently 28,420 centi-millionaires in the world, more than double the number 20 years ago, and an increase of 12% compared to this time last year, according to the 2023 Centi-Millionaire Report released today by wealth and investment migration advisors Henley& Partners and featuring exclusive data from global wealth intelligence firm New World…
When a crisis hits in some area of the world, clients can depend on advisors who have the resources to support them.
The vast majority of engaged couples surveyed fear their wedding costs may adversely impact their financial well-being.
Brad Rhodes: Dodging the pitfallsā navigating retirement's risky terrain. Published 12:00 am Sunday, October 8, 2023. Retirement, often painted as the serene, golden phase of life, is not without its challenges.
There's a personal debt crisis coming. I see it in the posts on the "Ask Terry" section of my website, TerrySavage.com. Americans are now carrying more than $1 trillion in credit-card debtā a new record.
TheĀ Financial Planning Association announced it is introducing a national membership program to the more than 8,000 financial advisors affiliated with Ameriprise Financial in the firmās independent channel.
A Nebraska judge has sentenced a Florida man to six years in prison for his role marketing a $55 million internet fraud that conned more than 10,000 people. At his sentencing Monday in U.S. District Court in Lincoln, Donna Pepper, whose 86- year-old father fell victim to the scam, asked the judge to send a strong message to Glaspie and future scammers that this type…
There's a personal debt crisis coming. I see it in the posts on the "Ask Terry" section of my website, TerrySavage.com. Americans are now carrying more than $1 trillion in credit-card debtā a new record.
Social Security benefits are increasing too rapidly. Before 1972, adjusting Social Security benefits required an act of Congress because they weren't tied to any economic measure. When inflation occurred, it would erode the purchasing power of benefits until Congress acted.
The Sandwich Generation is divided on their retirement readiness, an Athene study found.
The Federal Reserve has moved interest rates sharply higher since early 2022, and rates may stay higher. There's talk of $100- a-barrel crude and $5- a-gallon U.S. gas prices. The United Auto Workers have struck the major U.S. auto producers with no end of the battle in sight.
