The Fed Dropped Rates Again – Is the Third Time the Charm?

fed rate drop
Is the third time a charm for interest rates? The Federal Reserve has cut rates again this year, so your savings account may not make as much money for a while. Considering that most traditional savings account rates are abysmally low, you might not even notice. Here’s how it affected me already. Interest rates fluctuate over time based on what the Fed does. When prices go down, it is less expensive...
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How to Spot an Investment Scam

investment scam
Have you ever had someone say they could make you rich if you handed over a few thousand dollars for them to invest? If you haven’t, and someone you know may have been a victim. Unfortunately, investment scams are all too common. What is an investment scam? An investment scam, or investment fraud, is when someone sells an investment asset illegally. This term can also apply to annuities, certificates...
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How to Recession-Proof Your Finances

recession-proof
If you think you can’t recession-proof your finances, then think again. The signs are all there of a looming economic downturn, but you can protect yourself. The key is to start now. What is Your Starting Point? First, you need to review your financial situation. Review all of your accounts, even those you thought you closed but didn’t. Write down your payments, their due dates, and their...
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Can an Employer Hold Your Last Paycheck?

last paycheck
If you’ve recently left your job, you may be wondering if an employer can hold your last paycheck. Based on federal law, the answer is no. However, you may not receive payment immediately, and it may not be the amount you expected. Reasons to Withhold Your Last Paycheck Federal law prohibits employers from withholding final paycheck for any reason. Some reasons where an employer might try to...
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