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☆ U.S. government back and forth on 'gig' workers, contractors
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +3 min

A DOL proposal in September 2020 made it easier for companies to classify workers as independent contractors if they operated an independent business and had opportunities for profit or loss. BIDEN ADMINISTRATIONThe administration of Democrat Joe Biden blocked the Trump rule in May 2021. A U.S. district judge in Texas in March 2022 blocked the Biden administration withdrawal and ordered the Trump rule to take effect. In June 2022, the DOL said it would develop a proposed rule on determining employee or independent contractor status. It held forums in June to hear from workers and companies.

☆ Social Security's cost-of-living increase for 2023 would be largest in 40 years. Here's what that means for benefits
▼ + stars: | 2022-10-10 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

Retirees who are confronting higher prices due to record high inflation may get some welcome news this week when the Social Security Administration announces the cost-of-living adjustment for 2023. The Senior Citizens League, a nonpartisan senior group, estimated last month that the COLA could be 8.7% next year. "These are just estimates," which means the official change for 2023 could come in higher or lower, said Mary Johnson, Social Security and Medicare policy analyst at The Senior Citizens League. The Senior Citizens Leagues' estimate pointed to a higher 10.5% bump to benefits next year based on June data. The annual COLA applies to both Social Security and Supplemental Security Income benefits.

☆ A surprisingly hard part of retirement: Spending what you worked so hard to save
▼ + stars: | 2022-10-03 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

For some it’s almost physically painful,” said David John, a senior strategic policy advisor at the AARP Public Policy Institute. But unpredictable factors like market performance, life expectancy and health issues make spending your money easier said than done, John said. Changing your mindset is crucialCertified financial planner Kyle Newell reminds clients that the savings they worked so hard to amass is there to help them live well in retirement. And he also advises clients to go easy on themselves and view their first year in retirement as a learning experience when it comes to spending. “You really need to know ‘What are my assets and spending patterns and how do I harmonize the two?’” John said.

☆ Higher-income Medicare beneficiaries may face smaller premium surcharges in 2023. Here are tips for reducing or avoiding those extra amounts
▼ + stars: | 2022-09-29 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +5 min

Shapecharge | E+ | Getty ImagesIf you're a higher-income Medicare beneficiary, you may be paying less in extra premium charges in 2023 than you were this year. The higher your income, the higher the charge. "You pay a little more now to avoid higher tax brackets or IRMAA brackets later on," Meinhart said. RMDs are amounts that must be withdrawn from traditional IRAs, as well as both traditional and Roth 401(k) accounts, once you reach age 72. For investments whose sale you can time, it's also important to remember the benefits of tax-loss harvesting as a way to minimize your taxable income.

☆ Biden promises to codify Roe if two more Democrats are elected to the Senate
▼ + stars: | 2022-09-23 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden delivers remarks at a Democratic National Committee event at the National Education Association headquarters in Washington, U.S., September 23, 2022. REUTERS/Evelyn HocksteinPresident Joe Biden vowed that Democrats will codify the right to an abortion into law if two more are elected to the U.S. Senate in the upcoming midterm elections. "The power to get things done is in the hands of the American people, especially the women out there," Biden said. In total, nearly half of states have banned, placed limits on, or attempted to ban abortion. Biden in his speech Friday said Republicans would try to pass a ban on abortion if they gained control of the legislature after the midterms.

If you submitted a borrower defense application before June 22, 2022, you are already a part of the class. She says borrowers typically receive correspondence saying that their borrower defense application has been received. Here's a simple three-step process that Lewis recommends to help you get your borrower defense application approved faster. Start filling out the borrower defense application on studentaid.govFirst, you need to start filling out the borrower defense application, which can be found at studentaid.gov. Section 4 of the borrower defense application has a few places where you can paste this information.

☆ Americans think the government is too old — and wide margins support term limits, age caps, and cognitive tests, an Insider/Morning Consult poll finds
▼ + stars: | 2022-09-16 | by ( Walt Hickey | ) www.businessinsider.com time to read: +11 min

Most Americans want to see age caps in Congress, according to an Insider/Morning Consult poll. Congressional term limits and medical examinations for elected leaders are among the measures garnering overwhelming support among poll respondents. Indeed, respondents were more supportive of age limits for people who steer legislation than they were for people who steer heavy machinery. More respondents want to see age caps in Congress — 75% — than maximum ages for police officers (73%) and truck drivers (64%). All told, 76% of respondents overall — and 66% of Democrats — said Biden is too old to serve in public office.

It also means you probably won't be able to qualify for the top rewards credit cards and travel credit cards. How we chose the best credit cards for average or fair credit We evaluated credit cards for those with a fair or average credit score by looking at several factors: Annual fee — Some credit cards geared to folks with lower credit scores tack on an annual fee. Some credit cards for average credit, including the Capital One Platinum Credit Card, give you access to your credit score and credit-building tools just for being a cardholder. Credit card interest is charged on your balance if you do not pay your credit card bill in full each month. Currently, American Express doesn't offer a credit card for fair or average credit as most Amex credit cards require you to have at least a good credit score (some as high as excellent credit) to qualify.

Today's savings account ratesBelow you'll find our picks for the best savings accounts right now. Compare the best savings accounts Ally High Yield Savings AccountAxos High Yield Savings AccountSoFi Checking and SavingsChime Savings AccountCapital One 360 Kids Savings Account Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Pros Check mark icon A check mark. Pros Check mark icon A check mark. Just like a savings account opened through a brick-and-mortar bank, most online savings accounts are FDIC insured up to $250,000.

If you want daily triple-bureau credit monitoring and monthly credit score and credit report tracking, you should opt for the mid-tier PrivacyGuard® Credit Protection, which costs $19.99 per month. Things to consider before signing up for a credit monitoring serviceHere's what you should consider before signing up for a credit monitoring service: Cost: Typically, these services bill monthly. When ranking the best free credit monitoring services, we focused on the following features: Number of credit bureaus monitored: Services that monitor credit reports from more than one credit bureau were ranked higher since it's rare for free services to monitor several reports. When ranking the best paid credit monitoring services, we focused on the following features: Cost: Lower-cost services that offered more benefits ranked higher in our reviews. Keep in mind that credit monitoring services can only alert you of changes to your credit file, not fix or prevent any errors.

Credit monitoring services can provide you with early notice of potential fraud on your credit report, so you can take steps to protect your personal information. Below, Select reviews the top six credit monitoring services that can help you keep track of your credit and get alerts on potential fraud. Best free credit monitoring servicesBest paid credit monitoring servicesBest free credit monitoring servicesIf you're not willing to pay money for a credit monitoring service, you can consider one of these free options. Best paid credit monitoring servicesIf you want a more comprehensive credit monitoring plan, consider one of the paid plans below. If you want daily triple-bureau credit monitoring and monthly credit score and credit report tracking, you should opt for the mid-tier PrivacyGuard® Credit Protection, which costs $19.99 per month.

Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). Some lenders allow you to get a loan without a job, though you'll likely need some form of income. It is possible to get a loan when you're unemployed, though more difficult than it would be if you had steady work. You'll never know what you may qualify for unless you actively look for help and ask for it. You'll never know what you may qualify for unless you actively look for help and ask for it.

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☆ Don't be scammed by fake job listings
▼ + stars: | 2022-05-19 | by ( Rebecca Knight | Rachel Durose | ) www.businessinsider.com time to read: +5 min

Amid the rise of the remote work era, fake job listings have increased. As employees seek remote positions, the number of fake listings has increased, and job scams are getting more sophisticated, including using social media, online outreach, and online job boards to lure in job seekers, the BBB report found. LinkedIn, the site with the second most job scams, accounted for 7% of the listings,Here's how job seekers can avoid falling victim to a fake posting. Investigate the listing, and don't be afraid to reach outThe first step to avoiding fake job listings is knowing where to look for jobs. Job seekers are also able to report suspicious job postings to the website where it was posted.

First Tech Credit Union Personal Loan DetailsPersonal loans are available in all US states. First Tech Personal Loan Pros and ConsFirst Tech Personal Loan Pros Wide range of loan amounts. First Tech Credit Union Personal Loans TrustworthinessFirst Tech Credit Union doesn't have any public controversies. First Tech Credit Union CompetitorsSide-by-side snapshot First Tech Personal LoanNavy Federal Credit Union Personal LoanPenFed Credit Union Personal Loan Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. First Tech vs. Navy FederalYou can get the smallest loan amount with Navy Federal Credit Union, as the credit union offers loans as small as $250.

2022 and 2023 federal income tax brackets by filing statusBelow are the federal income tax brackets for single filers, heads of household, and married people who file either jointly and separately for 2021 and 2022. Your marginal tax rate is the highest tax rate your taxable income falls into. For one thing, it's because you can only determine your effective tax rate by going through the machinations of figuring out your marginal tax rate and the resulting total tax liability. Once you know your marginal tax bracket, you know how much tax you'll pay on each dollar of income. You can then calculate your effective tax rate based on your total tax liability for the year.

2021 and 2022 federal income tax brackets by filing statusBelow are the federal income tax brackets for single filers, heads of household, and married people who file either jointly and separately for 2021 and 2022. Your marginal tax rate is the highest tax rate your taxable income falls into. For one thing, it's because you can only determine your effective tax rate by going through the machinations of figuring out your marginal tax rate and the resulting total tax liability. Once you know your marginal tax bracket, you know how much tax you'll pay on each dollar of income. You can then calculate your effective tax rate based on your total tax liability for the year.

Compare Personal Loan RatesPenFed Personal Loan Pros and ConsPenFed Personal Loan Pros Wide range of loan amounts. Yes, PenFed Credit Union is a legitimate credit union federally insured by the National Credit Union Administration. PenFed Credit Union TrustworthinessPenFed Credit Union has an A+ rating from the Better Business Bureau, non-profit organization focused on consumer protection and trust. PenFed Credit Union CompetitorsSide-by-side snapshot PenFed Credit Union Personal LoanNavy Federal Credit Union Personal LoanConnexus Credit Union Personal Loan Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. PenFed vs. Navy FederalYou can get a loan of as little as $250 with Navy Federal Credit Union or $600 with PenFed Credit Union.

If approved, not all applicants will qualify for larger loan amounts or most favorable loan terms. Citi stands out as a personal loan lender because it doesn't charge origination fees, early payoff fees or late fees. Eligible borrowers Must be at least 18 years old Loan amounts $2,000 to $30,000 Loan terms Up to 60 months [ Return to account summary ] See if you're pre-approved for a personal loan offer. Bottom lineWhen you need money in a pinch, many personal loan lenders can get you funded as soon as the same business day. Every personal loan review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of loan products.

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Low APY Dash icon A dash. Low APY Dash icon A dash. Low APY Dash icon A dash. $5 maintenance fee per quarter if you don't have at least $5 in your account Dash icon A dash. Need a minimum of $25 in account daily to keep membership open Dash icon A dash.

In that environment, crooks were easily able to impersonate jobless Americans using stolen identity information for sale in bulk in the dark corners of the internet. When Yvonne Matlock lost her job last year and applied for unemployment benefits online, she was told she was already getting relief money. Through a public records request, NBC News obtained data from the Labor Department, which funds Covid relief unemployment benefits programs, that are riddled with blank values and underestimates. ID.meMore than two-thirds of states, 34, reported no cases of identity theft overpayments in the most vulnerable unemployment benefits program. Cash App, which describes itself as "the easiest way to send money, spend money, save money, and buy cryptocurrency," has been frequently used by fraudsters to move money, law enforcement officials and private consultants said.

See Insider's list of the best identity theft protection services »Get the latest tips you need to manage your money — delivered to you biweekly. Information including linked bank account numbers, social security numbers, and even dates of birth were leaked, leaving many vulnerable to identity theft. Most commonly, identity theft involves the use and compromise of accounts you already have, as Business Insider's Lauren Lyons Cole previously reported. If you think that identity theft has happened to you, act quickly — once your information has been stolen, thieves can go after everything from your bank account to your health insurance. For more information on recovering after identity theft, read the FTC's recovery guide.

☆ Military families find money matters complex
▼ + stars: | 2019-05-23 | by ( Dick Powers | Power Plans | ) www.nbcnews.com time to read: +6 min

Almost half of service members are under the age of 25, and a high percentage are married with children. So, what do they need to do to stay financially ready, for both the military life and after they leave? SGLI is a group life insurance policy purchased by the Department of Veterans Affairs from a commercial life insurance company. Perhaps the most important thing service members and their families, or any young couple, can do is to have a budget. Of course, service members need to be willing to ask for some assistance with their money matters.

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