Saturday, February 6, 2021

Don't fall for these 4 money myths - CNN

Publisher: CNN
Date: 2021-02-05T18:55:42Z
Author: Kathryn Vasel CNN Business
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While you're here, how about this:

Trump Shifted Campaign-Donor Money Into His Private Business After Losing The Election

Donald Trump attends a rally in support of ultimately unsuccessful Georgia Republicans David Perdue and Kelly Loeffler on December 5, in Valdosta, Georgia.

D onald Trump's reelection campaign, which never received a cent from the former president, moved an estimated $2.8 million of donor money into the Trump Organization—including at least $81,000 since Trump lost the election.

In addition, one of the campaign's joint-fundraising committees, which collects money in partnership with the Republican Party, shifted about $4.3 million of donor money into Trump's business from January 20, 2017, to December 31, 2020—at least $331,000 of which came after the election.

Publisher: Forbes
Date: 2021-02-05
Author: Dan Alexander
Twitter: @forbes
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State Treasurer: Every day is a good day to find money - The Vicksburg Post | The Vicksburg Post

We all know the feeling you get when you dig out an old coat and find a $20 bill hidden in the pocket. It's money you didn't know you had; money you didn't expect to be able to spend.

Where does this money come from? It could be an energy bill refund that was sent to the wrong address, a forgotten-about CD, or an inheritance you were unaware you had. If no one claims these funds for five years, the money gets turned over to my team, and we become responsible for finding the rightful owner and returning the cash to them.

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Publisher: The Vicksburg Post
Date: 2021-02-05T17:51:47 00:00
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How the Biden Presidency Could Affect Your Money

Whenever there’s a new president, things happen. Laws get passed. Priorities change. And lots of those new laws and many of those new priorities end up affecting your wallet.

Ready to learn about changes that might affect your finances? Then you’re in the right place, because that’s what this week’s “Money!” podcast is about: exploring what the Biden administration has in mind for your money, and how best to position yourself.

Publisher: Money Talks News
Date: 2021-02-05
Twitter: @moneytalksnews
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Quite a lot has been going on:

Bloomberg - Are you a robot?
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How to find your stimulus money, and some possible ways to spend it | The Daily World

Did you receive a stimulus payment in January? Or, did you do what so many Americans did, and throw it away as junk mail?

In January, millions of second-round stimulus payments were issued by the Treasury Department and Internal Revenue Service. However, instead of automatically depositing them into bank accounts, as happened with most of the first round of payments, this time for many people the money came in the form of a debit card.

Many people assumed that the Economic Impact Payment (EIP) card and the letter it came with were part of a scam.

Publisher: The Daily World
Date: 2021-02-05T16:30:00-08:00
Twitter: @ghdailyworld
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11 Money Moves to Make in the Decade Before You Retire | Kiplinger

Still, it's one thing to believe you'll have a secure retirement and another to make sure it actually happens. These 11 smart money moves to be made the decade before you retire can put you on the right path so that your faraway dream becomes a not-too-distant reality.

* * *

"Before you can get into the details, you need an idea of where you're trying to go. After all, you've never retired before," says Parrish. If you haven't thought about what you plan on doing after leaving the workforce, you can't possibly know whether your savings are on track.

Publisher: Kiplinger
Author: David Rodeck
Twitter: @Kiplinger
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Patrick Mahomes net worth: How much money did the Chiefs QB make in 2020? | Sporting News

Mahomes signed a gargantuan 10-year (!) extension with the Chiefs in July 2020, just the fourth year of his rookie contract. If he meets all the incentives of that deal, then it will net him roughly $503 million — the richest contract in American sports history and second internationally only to Lionel Messi's four-year, $674 million contract with FC Barcelona.

The deal will keep Mahomes in Kansas City through the 2031 season, when he will be 36. That money may seem absurd — we assure you, it is — but it is still a sound investment for the Chiefs. Mahomes is well on his way to challenging Tom Brady as the GOAT, and he hasn't even concluded that rookie contract.

Twitter: @sportingnews
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