If you have money questions — and who among us doesn't right now? — there are plenty of people willing to offer advice: friends, relatives and random strangers on the internet.
Finding someone who knows what they're talking about, and who isn't trying to take advantage of you, can be tougher. Fortunately, several groups of credentialed, trustworthy financial advisers are stepping up to offer free help.
"There are so many different pieces of information and misinformation," says Rebecca Wiggins, executive director of the AFCPE, which grants credentials to financial counselors and coaches. "If you're not working with somebody who really understands the full picture, you could make really bad decisions."
Check out this next:
I'm unemployed. What happens if I take money from my 401(k)? - nj.com
Q. I've waited four weeks to hear back from N.J. unemployment, and at this point, there's been no response. I need finances to survive. I have a 401(k) from an old employer, not the one who laid me off. The 10% early withdrawal penalty is waived for those under the age of eligibility to access their money penalty-free. Would my unemployment benefits be affected, reduced or terminated if I take a 401(k) distribution.
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As you mention, the 10% early withdrawal penalty is waived, but only for people "affected" by the virus, Hook said.
Toll road association: Federal money now will help it become part of recovery effort tomorrow |
OC mayors to county: Give us the money to help our small businesses – Orange County Register
A group of Orange County mayors plans to show up when county supervisors meet Tuesday, May 26, in the hope of persuading the board to let cities dole out $75 million of federal money to help small businesses.
It’s the second time in recent weeks that leaders of nearly all of the county’s 34 cities have united to ask supervisors for a share of millions in federal coronavirus aid – and unless they carry their point Tuesday, it could be the second time they get denied.
Not to change the topic here:
'True grit': Michael J. Limas wants your money
Michael J. Limas learned early on that when you show yourself willing to roll up your sleeves and go to work for the community, pretty soon everybody wants a piece of you.
The Brownsville native, an independent financial adviser for nearly 14 years and co-owner of Las Ramblas at Market Square cocktail bar, which opened a year ago, chaired Leadership Brownsville for three years, and that's when it started.
"That was really what everybody said: Hey, we want you on our team," Limas said. "It becomes sort of an addiction at some point, when you start volunteering and you see the progress."
Coronavirus forcing businesses to adapt and rethink how they make money | Fox Business
NEW YORK (AP) — Many business owners are changing the way they make money as they attempt to recoup revenue lost to the coronavirus outbreak.
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The changes can look subtle; for example, when owners of clothing stores decide to beef up their internet business . But often such adjustments involve an entire rethinking of the business model — the blueprint that encompasses the key aspects of running a company — with significant changes to staffing, technology and inventory.
Don't mistake your stimulus money for junk mail - National News - 13 WTHR Indianapolis
BELTON, Texas (KCEN) — A Texas woman nearly threw out her $1,200 stimulus debit card after opening up an envelope that looked like everyday junk mail. Now, she is trying to warn others before it's too late.
The U.S. Department of the Treasury announced last Monday it would send nearly 4 million people debit cards instead of a paper check to get the money delivered faster.
"This free, prepaid card also provides consumer protections available to traditional bank account owners, including protections against fraud, loss, and other errors," according to the department's website.
Want to put your money where your values are during coronavirus?
The health and safety of my loved ones and community first and foremost, but also high on the list is protecting the vibrancy and diversity of our city.
Yet this crisis has made me realize my choices haven't always been in alignment with those values. Too often, perceived urgency led me to trade local personal connections for speed and convenience. In pursuit of efficiency or thriftiness, I traded sustainability. I had become too used to having everything in the world at my door in two days.
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