Policymakers have been struggling to identify ways to deal with America’s staggering student loan debt. As of January 2018, Student Loan Hero estimated total outstanding student loan debt at $1.48 trillion, affecting 44 million Americans. Thanks to this debt burden, young Americans are having difficulty achieving typical financial milestones such as home ownership. Here’s
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Computers and the Internet have become mainstays in virtually every area of American life in the 21st century. There are tremendous benefits and conveniences to this, of course, but there are also some downsides — such as the increased risk of identity theft that arises as we share more of our personal information online. In
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1. Lead by example – Great leaders operate with humility and a “Do as I do” rather than a “Do as I say” mentality. They never ask anyone to do anything they are not willing to do themselves. 2. Use the 7 P’s – In the military, I learned that Proper Prior Planning Prevents Pitifully
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The news seems to be filled with stories about hackers and identity theft these days, and rightly so. According to the Identity Fraud Study released by Javelin Strategy & Research, there were 16.7 million victims of identity theft in 2017, racking up a total of $17 billion in damages. Identity fraudsters successfully netted 1.3 million
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Your smartphone is probably full of fun apps, but we have one more app to add to help you deal with a painful task: your taxes. Did you know that the IRS has a free smartphone app to help taxpayers handle basic tax-related functions? They do, and it has been in existence since 2011. The
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What’s the best way to pay down credit card debt? LaTisha Styles, Millennial Finance Expert and Founder of Financial Success Media, LLC, outlines two popular strategies. “In the first way,” says Styles, “you pay off the debts with the smallest balance. That’s how you get quick wins.” This is known as the “snowball” method, because
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You Can’t Decide Without Facts When should you claim your Social Security benefits? Should you claim them on your own work record or on your spouse’s work record? Those relatively simple questions can become very complex in certain cases. Fortunately, there are Social Security Administration (SSA) offices throughout the nation with staff waiting to help.
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America’s student loan debt may be approaching a critical point with respect to repayment. According to Student Loan Hero, the total student loan debt has reached $1.48 trillion spread across 44.2 million Americans, and the latest release from the U.S. Department of Education in September of 2017 shows that default rates are climbing. According to
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The IRS recommends that you keep tax records for at least three years from the date you filed your original return, and longer for special situations. You may need copies of your tax returns for tasks like filing future years’ taxes, applying for a mortgage loan or student aid, or settling IRS inquiries. How to
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Millions of Americans choose to supplement their Original Medicare benefits with additional coverage that helps to cover the gaps. Medigap plans in America are standardized, and for decades, Medigap Plan F has been a top seller. This is largely because it covers all of the deductibles, coinsurance, and copays that would normally be your responsibility
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The Equivalent of Debtors’ Prison Is there such a thing as a modern-day debtors’ prison? Not literally, as debtors’ prisons were outlawed by Congress in 1833. However, a recent ACLU report on the criminalization of private debt points out that some private debt collectors are creating the equivalent of debtors’ prison via the courts. The
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War is coming. This one will not be a traditional type of war. This conflict will be fought inside the borders of the United States, between foes of different birth-years armed with little more than outrage and hyperbole. The point of this war isn’t land or power. The purpose of this battle is to affix
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Formed in 2003, IRS Free File is the product of a partnership between the Internal Revenue Service and a group of twelve online tax software suppliers that form the Free File Alliance – including such familiar names as TaxSlayer and H&R Block. Free File was intended to increase electronic filing by making the process easier
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You’ve been presented with a free trial offer for a product or service that you find interesting. Why wouldn’t you take advantage of it? The Federal Trade Commission (FTC) warns you to proceed with caution, because some free trial offers can be misleading and cost you significant money in the long run. Legitimate free trials
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How much money will you need to retire? Financial advisors have frequently recommended a $1 million nest egg for a comfortable retirement, but there’s no one-size-fits-all magic number. Have you ever figured out how much money you’ll need? According to our new survey, you haven’t. How much money will you get when you start collecting
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Congratulations! You have just been handed your first little bundle of joy in the hospital and have embarked on the long journey of parenthood. It is a trip full of joyful experiences that make the corresponding aggravations worthwhile, and it comes with many benefits — some of which are tax-related. You can look forward to
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Given all the data breaches and hacks these days, it’s best to assume that your personal data has already been exposed and is in the hands of criminals – either preparing to sell your data to other criminals or planning to use it themselves. However, there’s more to good identity hygiene than just protecting your
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By Kelly Hartog “…I think it says a lot about the cryptocurrency space in general that a currency with a dog on it which hasn’t released a software update in over 2 years has a $1B (billion) market cap.” That was written by Jackson Palmer, the co-creator of Dogecoin, a parody cryptocurrency — named for
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