Stress and fear of COVID-19 can take its toll. Melissa Rein Lively, the woman who was filmed destroying a mask in early July on a Target TGT, + 1.18% in Scottsdale, Arizona, and posted it on social media, says he spent a week at a mental health center after the …
Read More »When does it make sense to take Social Security at age 62?
It’s best to wait until you’re 70 to start receiving Social Security retirement benefits, even if it means tapping your retirement assets deep in a bear market. Why? Because the guaranteed and risk-free increase of 8% per year in the Social Security benefit is an unbeatable deal. And yet, in …
Read More »When does it make sense to take Social Security at age 62?
It’s best to wait until you’re 70 to start receiving Social Security retirement benefits, even if it means tapping your retirement assets deep in a bear market. Why? Because the guaranteed and risk-free increase of 8% per year in the Social Security benefit is an unbeatable deal. And yet, in …
Read More »‘Federal accounts’ for everyone: with automatic and recurring payments caused by economic crises
Rich interests have thrived during the pandemic. The CARES Act authorized billions in expenses to support wealthy individuals and corporations. Most of the money was used to guarantee the liquidity of banks and hedge funds, back corporate balance sheets, and buy debt to save commercial loan markets. Overall, 82% of …
Read More »CFPB consumer complaints soar as coronavirus outbreak continues
Americans filed a record number of complaints with the Office of Consumer Financial Protection in March, when the coronavirus pandemic began flooding hospitals and raising unemployment rates. Every month since then, consumer complaint numbers have reached record levels set the previous month, according to a report Friday by consumer advocacy …
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