Thursday , 28 March 2024

Finance

Protect Your Bank Account Balance From Increasing Cyber Attacks – Here’s How (Almost 2K Views)

The mainstream media has generally been very quiet about the massive cyber attacks against our major banks, but behind the scenes authorities are truly alarmed. They don't know how to stop them, and they just keep getting more intense and more sophisticated. In fact, major U.S. bank websites have been offline for a total of 249 hours over the past six weeks. [Imagine if you] (like thousands upon thousands of Chase customers last month) logged into your bank account only to discover that your balance had all been reset to zero... [Here's what to do to protect yourself.] Words: 960

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Dire Implications for the +25% of American Workers Using Retirement Savings Accounts to Meet Current Expenses

More than 25% of American workers (33% of those in their 40s) with 401(k) and other retirement savings accounts use them to pay current expenses, new data show, [which is] undermining already shaky retirement security for millions of Americans. With federal policymakers eyeing cuts to Social Security benefits and Medicare to rein in soaring federal deficits, and traditional pensions in a long decline, retirement savings experts say the drain from the accounts has dire implications for future retirees. Words: 890

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New! These Debit Cards Are Backed By Physical Gold & Silver (+3K Views)

Precious metals have historically been excellent ways to preserve one’s purchasing power over the long term. However, in today’s world, they do not act well as a medium of exchange. To solve this problem Peter Schiff and his teams worldwide have worked out a totally new service: the first Gold and Silver Debit cards that gives bank customers access to their gold and silver holdings.

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The Government May Soon Force You to Include U.S. Treasuries In Your IRA and/or 401(k) Plan

There are huge amounts of money in the IRA ($3.5 trillion) and 401(k) ($5.1 trillion) retirement plans in the U.S. (another $9.9 trillion in assets held elsewhere) according to a recent Investment Company Institute study which makes it very tempting for government to try and get at it. [While] the government may, or may not, tax the money, they may force you to include a sizable percentage of the retirement assets in your IRA and/or 401(k) in U.S. Treasury securities, which may be among the worst investments in the years ahead as interest rates go up and price inflation eats away at the buying power of those IOUs. [Let me explain.] Words: 802

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Lack of Economic Growth Expected to Continue Until 1 of 2 Things Change – Here They Are (+2K Views)

Saving rates continue to fall. As full-time employment remains elusive, the average American continues to resort to debt, and governmental support, to fill the gap between waning real incomes and their expected standard of living....[This] will continue to impede economic growth until such time as either debt returns to levels that are conducive for higher levels of personal savings or incomes rise. [Words: 1322; Charts: 7]

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Mortgage Interest Deductibility Could Be a Fiscal Cliff Casualty – How Would It Affect Your Income?

The mortgage interest deduction — considered by many to be the sacred cow of tax breaks — has joined the list of possible items on the chopping block in the growing debate between President Obama and Congress about the so-called “fiscal cliff”. [Below is research on the merits of such a tax break elimination, the extent of the income tax increases on different income groups, the possible effects on the home ownership rate, type of houses purchased and house prices in general and their conclusion as to whether or not the elimination of such a tax break would be a sound decision.] Words: 1023

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The Top 5 States Residents Are Fleeing Due To Financial Repression i.e. Increased Taxes (+2K Views)

The past few years have really put the squeeze on cash-strapped states to find new sources of revenue. This environment has generated a level of tax aggression from certain states, which in turn has resulted in a net loss of revenue instead of the intended gain. Residents have begun voting with their feet, deciding to move out of the state instead of thinning their pocket through unwanted taxation. So which states are chasing away their residents? How does it impact you if you live in one of them? We track migratory patterns through our residency product data, and while some of the states are no-brainers, others may surprise you. [Take a look.] Words: 691

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