Wednesday, May 5, 2021

Small business COVID-19 relief program runs out of money - ABC News

NEW YORK -- The government's key COVID-19 relief program for small businesses has run out of money.

The program, which has run out of cash and refunded by Congress twice before, was scheduled to expire May 31. It's not yet known if lawmakers will approve another round of funding.

The SBA said in a statement it will still fund applications that have been approved. New applications made through Community Financial Institutions, which are financial lenders that serve underserved communities, would also be funded.

Publisher: ABC News
Date: 2021-05-05T19:00:32Z
Author: ABC News
Twitter: @ABC
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Opinion: The best way to have plenty of money in retirement - MarketWatch

If you want a financially comfortable retirement with ample money available, you need to take two basic steps.

In a recent article I described how to design a withdrawal strategy that will keep your portfolio healthy if you have saved enough (but only enough) to meet your needs.

That involves taking out a fixed percentage of the portfolio value in your first year, then adjusting upward every year to account for actual inflation.

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Publisher: MarketWatch
Date: 2021-05-05T10:18:00-04:00
Author: Paul A Merriman
Twitter: @marketwatch
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50 Ways You're Throwing Money Away

While layaway might seem like a sensible way to hold onto something you want to buy, it's not always a smart way to net savings. That's because layaway locks you into a certain price and — if ultimately financed by a credit card — additional interest charges.

Having a high-interest savings account can help you grow your money and build an emergency fund more quickly than with a traditional bank account — so if you don't have one, you're leaving free money on the table.

Twitter: @Yahoo
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What motherhood taught me about money: 8 moms weigh in - StarTribune.com

It's true — everything changes when you become a parent, including your finances. Besides facing a slew of new expenses, you're charged with the financial well-being and future of another person. And that person, whom you adore, is probably learning about money from you.

"Motherhood has taught me to carefully budget and be more resourceful. Having children can double or triple your monthly costs. Budgeting for the added costs and finding free activities has been a huge help. I've become very aware of where each dollar goes and find myself much more disciplined than I ever was in the past."

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Publisher: Star Tribune
Twitter: @StarTribune
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Getting money to the people, faster | by WA Governor's Office | Washington State Governor's

To help deliver a better experience for its customers, DOR contracted with an outside vendor to develop and implement a complete overhaul of the system. This means a new streamlined website to make claiming more efficient and an integrated internal system to allow for easier filing by property holders and faster processing by DOR staff. The result is a website that makes it easier for:

"This website represents a big step forward for our customers, who will see noticeable improvements when using the system," said DOR Director Vikki Smith. "In today's economic climate, I'm excited that we are making the process of reuniting people with their money as easy as possible."

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Publisher: Medium
Date: 2021-05-03T21:56:38.757Z
Author: https medium com WAStateGov
Twitter: @govinslee
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Trouble Managing Money May Be an Early Sign of Dementia | Kaiser Health News

Making such a big purchase with no forethought and then forgetting about it was completely out of character for Turner, then a critical care nurse in Greenville, South Carolina. Although she was able to back out of the deal without financial consequences, the experience scared her.

Turner's money troubles aren't unusual among people who are beginning to experience cognitive declines. Long before they receive a dementia diagnosis, many people start losing their ability to manage their finances and make sound decisions as their memory, organizational skills and self-control falter, studies show. As people fall behind on their bills or make unwise purchases and investments, their bank balances and credit rating may take a hit.

Publisher: Kaiser Health News
Date: 2021-05-05T09:00:00 00:00
Author: Michelle Andrews
Twitter: @khnews
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Cramer's Mad Money Recap: Facebook, Amazon, Apple, Google - TheStreet

When our booming economy begins to cool, the tech stocks will come roaring back, Jim Cramer told his Mad Money viewers Wednesday. That's why it's always prudent to keep a diversified portfolio and never give up on FAANG.

But Cramer said he's not giving up on FAANG and offered up five reasons why it would be a mistake to sell.

First, there is no real FAANG, these are just five separate entities, all with winning pedigrees. Second, while FAANG may be lower in 2021, over the long term, it's no contest. Over the past 10 years, Apple has delivered 934% gains and Amazon is up 1,559%.

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Publisher: TheStreet
Date: 2021-05-05T22:43:20Z
Author: Scott Rutt
Twitter: @thestreet
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How to befriend your money and reap the benefits | Chattanooga Times Free Press

What's your relationship with money? Maybe your personal finances are like a distant cousin you barely think about — or an unsettling stranger you avoid. Or perhaps money feels like your enemy, frustrating you and rarely doing what you want.

In fact, 31% of Americans said they feel anxious when thinking about the current state of their personal finances, according to a NerdWallet survey last year.

That sounds exhausting. What if you thought of money as your friend instead? A more positive relationship can help you feel more confident and empowered to make the most of your money.

Publisher: timesfreepress.com
Date: 2021-05-04T21:00:00-04:00
Author: Laura McMullen NerdWallet
Twitter: @TimesFreePress
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