Turning 65 years old is a blessing in many ways, especially if you’ve been good at minding your money through the years and have had good health and good fortune.
To mark money expert Clark Howard reaching the milestone age of 65, he’s sharing some of his most important steps toward financial freedom.
The perks that Clark is getting for turning the big 6-5 this year are a pension, Medicare, and discounts at some restaurants and grocery stores .
While you're here, how about this:
3 money lessons to teach your kids or grandkids | Fox Business
Have you been stressed during budget conversations? Are you anxious at the grocery store checkout when you hear the total? Do you seem to be buying more and more stuff to make yourself feel better about everything?
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Kids pick up on these things, and this is a valuable time to teach money lessons that will stick with them forever. The reality is not only can you be their teacher, you will be whether you think you are or not.
They’ll learn how to handle money from the way they see you handle it. Remember, more is caught than taught. Here’s what I recommend when teaching your kids or grandkids about money:
Investigative reporter Brendan Kirby offers information on how to transfer stimulus money from
MOBILE, Ala. (WALA) – FOX10 News is committed to getting the facts about how the government's response to the coronavirus affects regular people.
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QUESTION: If you get your stimulus money on one of those prepaid cards instead of a check or direct deposit, can you transfer the money to a bank account?
BRENDAN: You sure can. And that is probably a safer option than carrying a card with a $1,200 or $2,400 balance.
Desperate for Money During the Pandemic?
That last one is an option some workers are taking advantage of. An estimated 13% of workers have withdrawn funds from a 401(k) or 403(b) due to the effects of COVID-19, while 4% have tapped an IRA, according to a recent survey by Principal. But while taking money out of a retirement plan might seem like a reasonable solution to pandemic-induced financial woes, it's a move you might really regret after the fact.
Normally, removing funds from a retirement plan before age 59 1/2 results in a 10% early withdrawal penalty. But the CARES Act waives that penalty for those affected financially by COVID-19.
Many things are taking place:
State Treasurer's office launches webathon to reunite Utahns with forgotten money | KSL.com
SALT LAKE CITY — The COVID-19 pandemic has caused more than its fair share of economic upheaval, leaving many people strapped for cash.
However, thousands of Utahns have forgotten funds sitting idle with the state of Utah, waiting to be claimed. So now, State Treasurer David Damschen is doubling down on his efforts to reunite Utahns with their money.
Among his many jobs, Damschen oversees the Utah Unclaimed Property Division, which is where money and property go when the rightful owner cannot be found.
Tribes in a battle for their share of virus stimulus money | Boston.com
But distributing the $8 billion pot set aside for tribal governments, a relative pittance compared to the broader programs established in the $2.2 trillion stimulus law, has proved more difficult. As a result, tribes, already critically underfunded and among the nation's most vulnerable communities, have not received all the money they need to weather the pandemic and begin recovering from the economic toll.
At the heart of the issue is an effort by some tribes to force the Treasury Department to recalculate the way it initially began distributing the money. The tribes say they want to ensure they receive the aid they say they need even if it means holding up the process in the short run.
Investors Continue to Put More Money in Cash. What That Means for Stocks.
Something weird is happening: Investors are sitting on a record amount of cash, even as stocks have rallied for weeks. Wall Street is scrambling to figure out what that means for the market.
As the S&P 500 plunged from its all-time high earlier this year, money-market funds—mutual funds that invest in cash-like securities such as short-term debt, Treasury bills, or commercial paper—saw their assets under management jump by 20%, or as much as $685 billion, in March, posting the highest monthly inflow in at least three decades.
Tenino, Washington is printing wooden money to help residents through the pandemic
(CNN) — As businesses struggle to stay afloat during the pandemic and a record number of Americans have lost their jobs, one small city in Washington state put forth a creative solution to help its neediest residents pull through: printing their own money, out of wood.
In Tenino — a community of less than 2,000 people halfway between Seattle and Portland — residents who can demonstrate an economic hardship caused by the pandemic can receive up to $300 a month in wooden dollars, subsidized by a City Hall grant program.
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