Are Banks Threatening Your Savings?
America’s Banks and Your Money For many years, major banks in the U.S. have been managing your funds in ways that benefit them more than you. And they’re clearly coming out ahead. Companies like BlackRock, Wells Fargo, JP Morgan, and Bank of America offer a meager interest rate of 0.4% on your savings. Meanwhile, they […]
Colorado’s Family Affordability Tax Credit will provide significant savings.
February 7, 2026, 5:03am MT A new tax credit is being introduced in Colorado for this filing season, contingent on the state meeting certain revenue levels. The Family Affordability Tax Credit is aimed at low-income families with children, potentially providing significant deductions—ranging from hundreds to thousands of dollars—depending on individual circumstances. As tax season approaches, […]
They had sufficient savings to retire, but then living expenses increased.
When Diane Weatherington retired in 2020 after a long career as a purchasing and contracting agent, she believed she had enough savings to enjoy a comfortable life, travel, and spend time with her six grandchildren. However, stuck at home in Altamonte Springs, Florida, during the COVID-19 pandemic, she sought ways to keep busy. Consulting for […]
Americans Aged 55 to 64 Share Their Retirement Savings and Those Who Have Nothing
Key Takeaways As per 2022 Federal Reserve statistics, only 57% of individuals aged 55 to 64 have a retirement account, a rate not seen in nearly 30 years. For those with retirement accounts in this demographic, the median balance stands at $185,000. Recent Empower figures indicate median savings of $253,454 for people in their 50s […]
Secret Service Gives Back Elderly Woman’s Stolen $950,000 Life Savings
Cybercrime Victim Gets Life Back on Track An elderly man, a victim of cybercrime, can finally breathe a little easier after investigators transformed his circumstances. Janet Voss, 71, from Bennington, Vermont, shared that she became overly concerned about her finances when a cyber scammer took away $950,000 of her life savings nearly four years ago. […]
Older adults alerted that savings accounts may be shut down due to inactivity, even with interest.
Many Americans think their money is safe in trusted banks or credit unions, and they often assume it’s a simple, set-it-and-forget-it situation. But this mindset might actually put their funds at risk. Just last week, my cousin reached out to me in a panic. She’s a retiree who had invested her life savings—over six figures—into […]
90-year-old man in Los Angeles loses over $800K in life savings to a scam
A 90-year-old man in Los Angeles, Irving Rosenberg, recently found himself in a tough situation after scammers managed to steal $814,000 from his bank account. Rosenberg, who struggles with hearing, walking, and occasionally memory issues, discovered fraudulent withdrawals from his account starting last April. The losses rapidly depleted most of his life savings, as reported […]
U.S. Treasury Department holds Trump Accounts Summit to launch national savings initiative
Trump Account Summit Highlights New Savings Initiative This week, a much-anticipated event, the Trump Account Summit, took place in Washington, DC. It was organized by the U.S. Department of the Treasury with the aim of launching a new savings initiative that has been garnering a lot of attention. The initiative focuses on creating tax-advantaged savings […]
Previous revenue commissioner violated state law in managing Alaska’s savings, review concludes.
Investigation Uncovers Breaches in Alaska Investment Decisions Last summer, an investigation prompted by Governor Mike Dunleavy found that former Alaska Revenue Commissioner Adam Crum strayed from established national guidelines. The inquiry revealed he skipped crucial due diligence when allocating millions from state savings into private equity funds. WilmerHale, a law firm based in Washington, D.C., […]
Hotel bathrooms have had doors taken off for savings, and travelers are unhappy.
Trendy Hotel Bathrooms: A Shift Towards Openness Hotel room designs are changing, and it’s catching a lot of travelers off guard. Instead of the traditional hinged bathroom doors, many hotels are opting for sliding panels, frosted glass, curtains, or, in some cases, completely open spaces combining the bathroom and sleeping area. According to reports, rising […]