Category: Finance

FTC Data Shows Steep Rise in Complaints about Social Security Scams

It was just a few years ago that the Federal Trade Commission was flooded with complaints about scammers pretending to be from the IRS who called consumers and falsely told them they owed taxes. In its peak year, consumers reported losing $17 million to these IRS scams.

ILENE DAVIS, CFP: Americans Need to Get Educated On Retirement Savings Options

Don’t Depend on the Government or Employers For Your Retirement Nest EggA recent article from Barron’s that focuses on Americans’ perception and understanding of the financial elements of retirement found that 53 percent of Americans say […]

ILENE DAVIS, CFP: Socialism For America? Read Atlas Shrugged Before its Too Late

YOUR OPINION: As I listen to the socialist politicians trying to outdo each other on taxing the rich, the latest being a 90 percent tax on “the wealthy,” I can’t help but think about a book by Ayn Rand published in1957, and how clairvoyant the author has turned out to be.   

ILENE DAVIS, CFP: Taxing Wealth Instead of Income Would Reduce Income Inequality and Wealth Inequality

One of the goals of a socialist government is to reduce income and wealth inequality. Hearing that newly elected representative and avowed socialist Alexandria Ocasio-Cortez has been appointed to serve on the House of Representative’s finance committee and has suggested a 70 percent income tax on “the rich,” I have a suggestion.

WATCH: Federal Trade Commission Shows How to Respond to Massive Marriott International Data Breach

Marriott International says that a breach of its Starwood guest reservation database exposed the personal information of up to 500 million people. If your information was exposed, there are steps you can take to help guard against its misuse.

FEDERAL TRADE COMMISSION: Fake Promises Offer No Sigh Of Debt Relief

An offer of reduced monthly payments — or complete forgiveness — on your student loan may make you want to sign up…and exhale. Unfortunately, though, some of those programs wind up costing you hundreds or thousands of dollars for nothing in return. What’s more, you could’ve gotten real help for free.

$505 Million in Refunds Sent to Payday Loan Customers From the Federal Trade Commission

If you took out an online payday loan from a company affiliated with AMG Services, you may be getting a check in the mail from the FTC. The $505 million the FTC is returning to consumers makes this the largest refund program the agency has ever administered.

REAL ESTATE WATCH: U.S. Housing Markets Moving From Ownership Territory Into Rent Territory

U.S. housing markets, when viewed as a whole, are now in rent territory, meaning renting and reinvesting, on average, will outperform owning and building equity in terms of wealth creation, according to the latest national index produced by Florida Atlantic University and Florida International University faculty.