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Strategies to Manage Retirement Plan Loans

Strategies to Manage Retirement Plan Loans

Enshrining these in a well-crafted loan policy statement can help plan sponsor clients take control of leakage and excess early withdrawals; like any stated compliance policy, what is written must be followed. While the retirement plan industry is primarily focused on helping participants invest more money, it is equally important to prevent them from taking […]

Opinion: Jack Bogle gave individual investors the power to triumph over Wall Street

Opinion: Jack Bogle gave individual investors the power to triumph over Wall Street

A chance discovery in 1949 led the Vanguard Group founder to champion shareholders as his life’s purpose. Mutual-fund shareholders may never again see a folk hero like John C. Bogle, father of the index fund and the founder and former chairman of fund-industry titan Vanguard Group. Bogle was an outspoken, iconoclastic, in-your-face champion for low-cost, […]

New York Credit Card Surcharges Get a Green Light as Merchants and the State Agree To Dismiss Lawsuit

New York Credit Card Surcharges Get a Green Light as Merchants and the State Agree To Dismiss Lawsuit

Merchant plaintiffs and the state of New York filed motions Tuesday in a federal appellate court to dismiss the merchants’ challenge to New York’s law banning credit card surcharges. As a result, surcharges will be allowed when the merchant posts total prices for credit card purchases in dollars and cents. The dismissal requests come in […]

At last, US banks are introducing contactless cards

At last, US banks are introducing contactless cards

To tourists from much of the rest of the English-speaking world — the UK, Canada, Australia — a visit to New York can feel like a trip into the past. They tap their credit cards against subway turnstiles or shops’ card readers and wait for something to happen. Nothing does. Contactless cards, taken for granted […]

Credit card skimmers found at gas stations in Stone Ridge, Shokan

Credit card skimmers found at gas stations in Stone Ridge, Shokan

KINGSTON, N.Y. — Credit card skimming devices were found on gas pumps at Citgo stations in Stone Ridge and Shokan, prompting an investigation by the Ulster County Department of Weights and Measures, the County Executive’s Office said Monday. The skimmers were found at the Aero Star Citgo station, 3492 Main St., Stone Ridge, and the […]

OnDeck to Offer Equipment Finance Loans

OnDeck to Offer Equipment Finance Loans

OnDeck, an online lender for small businesses, has announced that it will begin offering equipment finance loans in 2019, according to a Dec. 19 press release. In the release, the company cited the approximately $35 billion of new small-ticket equipment loan and lease financing originated in the United States in 2017, according to the Equipment […]

Citi’s new credit card lets you round up points on small purchases — but is it worth getting?

Citi’s new credit card lets you round up points on small purchases — but is it worth getting?

The credit card rounds up to the nearest 10 rewards points on every purchase. A new credit card from Citi will round up rewards points consumers earn from purchases to the nearest 10 points. Citi is rolling out a new credit card that will round up the number of rewards points that consumers earn in […]

4 Things You Need to Know if You’re Retiring in 2019

4 Things You Need to Know if You’re Retiring in 2019

Retirement can be a scary proposition if you aren’t prepared for it. Which is why it’s great that we have TheStreet’s “Mr. Retirement” Robert Powell with us to help alleviate some of those retirement concerns. Here are four of Powell’s best tips for people who are planning to retire in 2019: Identify Sources of Income […]

8 tips for saving and investing in your 30s

8 tips for saving and investing in your 30s

For some, the 30s may be a time for several key life events. Marriage, having children and buying a first home are common for people in their 30s. For the most part, these life events involve either saving or using your savings. Your 30s may also see an increase in income, which may help you […]

How We Help Employees Pay Down Student Loans and Save for Retirement at the Same Time

How We Help Employees Pay Down Student Loans and Save for Retirement at the Same Time

A small percentage of U.S. companies — including PwC, Fidelity, and Aetna — have stepped up to help their employees cope with the education loans weighing them down by offering them cash to help them reduce their debts. While I applaud them, one downside of their approach is simply giving their workers cash raises their income taxes, […]