Financial Planning
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IRS Shares Five New Warning Signs of Incorrect ERC Claims
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
31% of Workers Have No Retirement Savings
Nearly one third of American workers have no retirement savings or a pension, and 19 percent of workers nearing retirement age have no nest egg either, according to a new report by the Federal Reserve Board.
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Debit Card Overdrafts Come with Hefty Fees – Over 1,000% APR for Some
A new report by the Consumer Financial Protection Bureau has found the majority of debit card overdraft fees are incurred on transactions of $24 or less and that the majority of overdrafts are repaid within three days. Put in lending terms, if a consumer borrowed $24 for three days and paid the median overdraft fee of $34, such a loan would carry a 17,000 percent annual percentage rate (APR).
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Millennials are Super Savers, New Study Shows
Whatever you may think of Millennials, they are natural born savers. A new report from the Transamerica Center for Retirement Studies shows that since many of these workers entered the workforce at about the same time as the Great Recession, they've been more proactive in saving for perilous employment times.
PwC Report Examines Cyber Risks for Companies
A new report from PwC US and the Investor Responsibility Research Center Institute (IRRCi) indicates that while companies must disclose significant cyber risks, those disclosures rarely provide differentiated or actionable information. The report examines key cybersecurity threats to corporations and provides information to investors struggling to evaluate investment risk, business mitigation strategies and the quality of corporate board oversight.
Most Microbusiness Entreprenuers Using Personal Savings to Stay Afloat
As new and alternative funding sources target small businesses and increasingly penetrate the U.S. market, less than three percent of U.S. microbusiness owners report using government loans (2.7%), small business loans (2.4%) or crowd-funding (1.9%) to fund their business, according to the Sam’s Club/Gallup Microbusiness Tracker.
Americans Stockpiling More Money in Checking Accounts
Americans squirreled away more money in their checking accounts in 2013 than they did at any time in the past 25 years, suggesting that they remain spooked by the Great Recession, a new report shows.
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Study Finds that Financial and Physical Health are Related
What do personal finances and personal physical health have in common? More than you might think.
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Are There Enough IPOs to Accelerate Growth in Middle Market?
A new report shows that even though IPOs have increased this year, too few are on track for the rest of 2014.