Tag: Finance News
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How To Avoid Paying Taxes When Selling Your Home
Over the past few decades, home values have been on the rise, and selling your property can lead to significant profits. If you’re considering selling your home or investment property and want to know how to avoid paying taxes, you’re not alone However, these profits may come with a substantial tax bill. Here’s how to…
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Powerball Lottery Ticket Worth $100,000 Teeters on Expiry as Deadline Looms
This winning ticket, obtained during the drawing on November 7, 2022, is now awaiting its rightful owner. A Powerball lottery ticket worth $100,000, purchased just last month, is teetering on the brink of expiration With only three weeks remaining, time is running out for the fortunate individual to claim their prize. The winning Powerball lottery…
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Student Loan Scams Pose Threat as Repayment Resumes
With the resumption of federal student loan bills this fall, borrowers are navigating a changed landscape, including a new repayment plan, servicer transitions, and long call wait times. Alongside these challenges, there is a growing concern about student loan scams seeking to exploit the situation Clayton LiaBraaten, a senior executive advisor at Truecaller, a spam…
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Average Social Security Benefit: How Age 67 Impacts Retirement Income
According to Gallup, close to 90% of current retirees lean on their monthly average Social Security benefit payout to cover expenses. The Average Social Security Benefit remains a critical lifeline for retired Americans, keeping over 21.7 million from poverty annually, particularly 15.4 million elders aged 65 and above To optimize this average Social Security benefits…
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How Managing Student Loan Repayments Can Be Easy While Saving For Holiday Travel Plans
How to manage student loan repayments while saving for holiday travel plans? How Managing Student Loan Repayments Can Affect Loan Borrowers and Their Holiday Travel Plans The resumption of student loan repayments can negatively impact the financial condition of loan borrowers and how they spend their money, including extra expenses for their holiday travel plans…
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Sollers College to Forgive $3.4 Million in Student Loans Amidst Deceptive Practices Lawsuit
The Federal Trade Commission (FTC) revealed that since 2018, Sollers College has been misleading students by falsely promoting high job placement rates and claiming partnerships with renowned companies like Pfizer, Weill Cornell Medicine, and Infosys. Sollers College, a New Jersey-based for-profit institution, is taking significant steps to rectify deceptive practices. In response to a government…
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Rising Concerns Over Social Security Fund’s Viability Prompt Debate on Raising Retirement Age
This Social Security fund proposition poses significant political challenges. In the face of mounting national debt and concerns over the stability of the social security fund, there is a growing focus on the notion of elevating the retirement age to restore financial balance to the program Forecasts indicate that the Social Security fund, in conjunction…
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Social Security 2024: Changes Ahead for Beneficiaries as COLA Increases Monthly Benefits
Many rely on this program as their primary source of post-work income and fret over its future solvency. The specter of Social Security 2024 looms large However, for the immediate years ahead, seniors need not be unduly alarmed. Next year, all beneficiaries are slated to receive a 3.2% Cost-of-Living Adjustment (COLA) for Social Security 2024,…
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How Lottery Jackpot Winners Improve Their Finances To Not End Up Going Bankrupt
How do lottery jackpot winners improve their finances to not end up going bankrupt? Lottery Jackpot Winners Improve Managing Their Finances Following Large Lottery Winnings Despite Misconceptions Some lottery jackpot winners have reportedly lost all their lottery winnings after spending too much on leisure and the things they wanted to purchase, while other lottery jackpot…
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Final Round of October’s Social Security Payments Worth Up to $4,555 Nears for Millions of Retirees
This Social Security Payment, a crucial financial lifeline for many retirees, can reach a maximum of $4,555 per month for those who retire at the age of 70. In less than a week, millions of individuals who are part of the Social Security retirement program are set to receive their third and final October Social Security…