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Color of Money: Ask and you might receive

Business / The Color of Money /

WASHINGTON -- One of the financial tips I've passed on to my children is the concept that "it never hurts to ask."

I was reminded of this during a recent online chat. Every Thursday, during my live discussions, I encourage people to share a testimony. It's my way to get good news amid all the accusing and aggrandizing we see in politics. (With ...Read more

Color of Money: What allegations of Manafort's lavish spending say about society

Business / The Color of Money /

WASHINGTON -- Living too large is often what brings criminals down.

Topping the news right now is the indictment of two Trump campaign officials as part of the government's investigation into Russia's meddling in the 2016 election.

The indictment alleges that former Trump campaign manager Paul Manafort and his associate Rick Gates earned ...Read more

Color of Money: The 401(k) millionaire next door

Business / The Color of Money /

WASHINGTON -- If you have a 401(k) or similar workplace retirement plan, you need to be up in arms.

As part of the GOP's push to overhaul the tax code, some in Congress want to drastically reduce the amount of pre-tax money you can contribute to this savings plan. Simply put, one of the best investment vehicles out there is under attack -- and ...Read more

Color of Money: Contribute as much as you can to your 401(k) -- just in case

Business / The Color of Money /

WASHINGTON -- Several days before President Trump's tweet telling folks they didn't have to worry about changes to their 401(k)s, the IRS made an announcement that didn't get nearly as much attention: Starting next year, you can contribute more pre-tax dollars to your employer-sponsored plan.

But you also might not have realized that tax-reform...Read more

Color of Money: Data breaches are no laughing matter

Business / The Color of Money /

WASHINGTON -- The epic Equifax data breach could make for some creative Halloween costumes. If there's a contest, I bet you'll win if you dress up like a horrifying hacker holding stolen credit reports.

Editorial cartoonists have certainly captured the rampant sense of dread and fear. Signe Wilkinson's depiction of the compromise of 145.5 ...Read more

Color of Money: Don't fall for student loan relief scams

Business / The Color of Money /

WASHINGTON -- If you're in the market to buy a home, you might hear a real estate professional say it's all about "location, location, location."

Those in the business of deceit also look for the best location -- but not necessarily a physical place. For scammers, it's all about where they'll get the most money victimizing people. And one of ...Read more

Color of Money: Learn how to protect seniors from fraud

Business / The Color of Money /

WASHINGTON -- With every data breach comes an increased need for fraud sentinels for seniors.

And by that I mean if you are a caregiver for a senior, you should become familiar with schemes targeting the elderly.

Clearly there are many seniors who are fully capable of avoiding conmen trying to get their money. But particularly for those who ...Read more

Color of Money: What you don't know about cybersecurity can cost you

Business / The Color of Money /

WASHINGTON -- You know the screams you hear when watching a horror movie in a theater?

That's what I want to let out every time there's another data breach. And I'm not alone.

"We're really scared," wrote readers Ellen and David, who are still scrambling for a feeling of security after the massive Equifax breach that left 145.5 million ...Read more

Color of Money: October is a spooky month for cybersecurity awareness

Business / The Color of Money /

The irony is not lost on me -- nor should it be on you -- that National Cyber Security Awareness Month falls at the same time we celebrate Halloween.

When it comes to money, one of the scariest things happening right now is the insecurity of our financial information.

The fast food chain Sonic just became the latest company to reveal that ...Read more

Color of Money: Be as proactive as possible to protect your data

Business / The Color of Money /

WASHINGTON -- Just when you thought you'd heard the worst, Equifax announced that another 2.5 million consumers had their personal information stolen from its database, bringing the total to 145.5 million folks left vulnerable to identity theft.

This week, a House Energy and Commerce subcommittee held a hearing that immediately turned into a ...Read more

Color of Money: After the Equifax massive data breach, so many questions

Business / The Color of Money /

WASHINGTON -- I finally made it in.

After numerous checks of my email, spam folder and a very unhelpful call with a customer representative, I was able to register for the free credit monitoring service offered by Equifax following its massive data breach, which affected 143 million consumers.

Through its service TrustedID Premier, I can view ...Read more

Color of Money: Equifax breach gives us a deeper look into credit bureaus

Business / The Color of Money /

WASHINGTON -- If nothing else, the massive Equifax data breach should broaden our knowledge of how the credit bureau world works.

For example, until this cybercrime exposed 143 million consumers to identity theft, many people didn't realize they could freeze their credit file to block new lenders from seeing their credit reports if they ...Read more

Color of Money: Equifax needs to do better in handling data breach

Business / The Color of Money /

I'm still waiting on Equifax to give me what it promised.

Like millions of others, I was informed by the credit bureau that my personal financial information may have been compromised by the company's recent epic data breach.

The Equifax debacle posed a quadruple threat, exposing people's addresses, birth dates, social security and driver's ...Read more

 

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