Color of Money: Young people: don't let the markets scare you away from investing now

Business / The Color of Money /

WASHINGTON -- I was stunned. My family was watching a rerun of the "Teachers Tournament" on "Jeopardy." I got excited because I knew the correct response to this question: "This proposed federal rule would have required all retirement planning advisers to act in their clients' best interests."

But before I could get my answer out, my 21-year-...Read more

Millennials, if you're hosting a party, your guests don't pay -- even if you're broke

Business / The Color of Money /

WASHINGTON -- As you get older, there is the tendency to start sentences with, "Back in my day ... "

What follows is a blast from the past on how certain things were done. But doing the right thing never gets old.

For example, when you receive a gift or someone does something extraordinary for you, the polite thing to do is send a thank you ...Read more

Color of Money: Were you blindsided by your 2018 taxes? The IRS has a new withholding tool that will help you pay the right amount of taxes for 2019.

Business / The Color of Money /

WASHINGTON -- This year's tax season was one of angst and anger.

Many folks were distraught that they owed the IRS money. Others were disappointed that their refunds were significantly less than in previous years.

Many people were not happy with the changes ushered in under the 2017 Tax Cuts and Jobs Act. Although the law nearly doubled the ...Read more

Color of Money: What you still need to know about the Equifax settlement

Business / The Color of Money /

WASHINGTON -- Be mad. Without your consent, credit bureaus collect information about your personal finance history -- whether you pay your loans on time, how much debt you carry, etc. This is their business model, and it allows lenders to assess a customer's credit risk.

Then there was the 2017 hack at Equifax. The personal data of about 147 ...Read more

Color of Money: The Equifax settlement has already spawned deceptive websites. Be careful, because the scammers are coming for you.

Business / The Color of Money /

WASHINGTON -- It's been less than two weeks since the Equifax data-breach settlement was announced, and already at least two websites trying to scam information-seekers have been shut down.

And thus begins the effort to catch unscrupulous individuals looking to make a buck off the credit bureau's major data breach.

Let me say this now, because...Read more

Color of Money: What's in your wallet? If it's a Capital One credit card, this is the one thing you should do now to protect yourself.

Business / The Color of Money /

WASHINGTON -- Another day, another major data breach. But there is one thing that you should do now to put up a serious roadblock for identity thieves.

Before I get into this strategy, here's a recap of the past week.

Capital One Financial Corp. disclosed Monday that a hacker was able to access the personal information -- names, addresses, ...Read more

Color of Money: The Equifax data breach settlement isn't bad, but here's what we 'should' get when companies fail to protect our personal data.

Business / The Color of Money /

WASHINGTON -- In the last few months, I have been hit several times by scammers. Someone hacked my online Target account and ordered an expensive camera that I had to return. In a matter of seconds, crooks spent $200 on my credit card before I could freeze it. I also had to cancel a premium delivery service offered by UPS that an identity thief ...Read more

Color of Money: Got burdensome student loan debt? Don't fall for scams.

Business / The Color of Money /

WASHINGTON -- You got the degree -- or didn't -- and now you have so much debt that you're looking for help to reduce your student loan payments.

You are a con artist's dream. You are so desperate for debt relief that you believe promoters who promise the impossible -- fast loan forgiveness.

But instead of renegotiated payment plans, the ...Read more


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