Budget Trouble: Broke Right After Payday?

You know that feeling you get when you get paid? You feel happy and rich and the sky is the limit! It's a great feeling, but it doesn't last long, does it?

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Saving for Retirement? Comparing Traditional and Roth IRAs

Individual retirement accounts, known as IRAs, are popular tax-advantaged vehicles for saving for retirement. Although there are actually 11 different types of IRAs, the most common are the traditional IRA and the Roth IRA.

The most well-known difference between the traditional and Roth IRA is the nature of the tax advantage. In general, the contributions to a traditional IRA are deductible from the investor’s taxable income in the year of the contribution. Tax on the contributions and their earnings is then deferred until funds are withdrawn from the IRA. In contrast, contributions to a Roth IRA are not deductible, but the contributions grow tax-free and are tax-exempt when withdrawn.

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Donating to Earthquake or Flood Victims? Beware of Scams

In the past few weeks, earthquakes have hit Japan and Ecuador and heavy rains have caused flooding in  Texas. After disasters like these, many people want to help. Unfortunately, fake charities and other scams will take advantage of the disaster.

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Be Aware of These Scams Targeting Women

I encountered my first online scam as an undergrad. I was looking for a roommate and received an inquiry via a popular online forum that seemed legitimate. A few conversations later the prospective renter asked me to deposit a check for them. I found out from a friend that this was a scam people were using to obtain a person's account information.

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Coming Soon to an ATM Near You? No Card Required

ATM skimming continues to be problem for financial institutions. Skimming is the stealing of account data from ATM, debit, and credit cards usually by inserting a device in the card slot on ATMs, self-service gas pumps, and other card readers. PINs can also be stolen by hidden cameras. Some estimates place the loss to the global banking industry at around $2 billion in 2015.

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Buying a Car When You Have Bad Credit

You need a new vehicle, but your credit is spotty or bad. Can you afford to buy a reliable car or truck? Can you get a loan at reasonable rates? Can you avoid the high interest rates and pressure of subprime lenders? Yes, most people in this situation can find a decent vehicle and a loan that doesn't break the bank, but you'll have to be realistic and do the right homework. This report shows you the steps.

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Renting a Car Soon? Read This First

Has this ever happened to you? You reserved a car at a great rate but discovered that the rate didn't include the mandatory charges and fees when you picked the car up. These tips will help you avoid such surprises and pitfalls and help you save on your next car rental.

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It's Time to Check Your Social Security Statement Online

Checking your Social Security Statement annually is something all working adults should do, according to the Social Security Administration. An annual check allows you to check the accuracy of your earnings as recorded for the previous year and to correct any mistakes. Each statement also estimates the monthly Social Security payment you can expect in retirement based upon your current average earnings and planned retirement age. The various estimates can help in your retirement planning. So it makes sense to start checking your annual Social Security statement early in your working career, rather than waiting until you near retirement. If you don't regularly check your Social Security Statement, now is a good time to start!

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Native Advertising: A Radical Shift in Advertising That Targets You

"Native Advertising"—disguising a one-sided sales pitch to look like valuable information—has been around for decades.

Though advertisers may deny it, the hidden purpose of native advertising has always been pretty clear to FoolProof and many other consumer advocates: to trick you into accepting potentially faulty information as truthful information.

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It's Tax Season – Watch Out For Scams!

Tax-related scams are around all year, but they seem to occur more frequently during the months leading up to April 15th. This year is no exception. Tax-related scams try to steal personal and financial information or money. Some scams try to get tax payers to commit fraud. In this news brief, we describe some of the most prevalent.

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Have You Checked Your Privacy Settings Recently?

Are you concerned about protecting your privacy online? If so, when was the last time you checked the privacy settings for each app, website, and device that you use? Using the privacy and security settings can help protect your personal and financial information and reduce online tracking.

While this may seem like an overwhelming task, making a plan can simplify it. Here are some steps you can take:

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Are You Ready for "Native Advertising"?

When conducting web searches, do you know how to tell the difference between search results that give you really helpful information and advertisements that may give you nothing useful at all (or try to sell you things)?

If you do, you're doing a lot better than most kids aged 12-15.

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Why Do Scams Continue to Work?

Scams have been around for generations. Stealing other people's money has always been their goal. To do that, scams are continually evolving and scammers constantly come up with new ways to "deceive and thieve." Even though each new variety of scam brings results in widely publicized warnings and descriptions, why do people still fall for them? Scammers are master manipulators and know how to use several basic strategies to trigger your emotions and trick you into a quick action. No matter the scam, knowing these basic strategies can help you do a better job of recognizing any scam, whether it arrives by email, text, phone, snail mail or in person.

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Filing Taxes Online for Free-What You Need to Know

A new year brings all sorts of ads saying the advertised service will enable you to file your income taxes online for free. Before you head to a particular site, remember these two things:

  1. All taxpayers don't qualify for all free tax-filing programs or services.
  2. Different programs and companies offer different services and have different criteria and limitations.

This brief summary will help you compare the free-tax filing opportunities available. You decide which best fits your needs.

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    • Financial Well-being


      Want to improve your credit score? Want to cut your tax bills?  Like to tear up hundred dollar bills? (You're probably doing that). How about this:  want to wake up retired and without money?  Your Financial Well-being rules your life.  We put you in charge of the rules.

       

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    • Privacy Rights

      Every worry about identity theft?  Worry about young people and the dangers of the web? Mind if I read your private emails?  Or browse through your medical records? This section takes you into the scary world of privacy, fraud and identity theft.  FoolProof gives you the information you need when it comes to identity theft and privacy issues.   

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