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Cybercriminals have become increasingly sophisticated in targeting wealth accounts through emotional manipulation, particularly in the form of romance scams. These scams involve perpetrators establishing trust and emotional connections with victims to gain access to their financial resources. According to Tracy Kitten, director of fraud and security at Javelin Strategy & Research, romance scams resulted in
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Retirees often overlook the impact of taxes on their retirement savings until it’s time to start withdrawing funds from their pretax accounts. According to a study conducted by Northwestern Mutual, only 3 in 10 Americans have a plan in place to reduce taxes on their retirement savings. One effective strategy to minimize the tax burden
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In a year filled with challenges for college applicants, one crucial factor emerged as the primary influence on students’ decisions – financial aid. The significance of financial aid in college choices cannot be overstated, as it often determines where students will ultimately attend. Even in normal circumstances, the amount of financial aid offered, including grants,
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In a recent ruling, the 10th Circuit U.S. Court of Appeals decided to lift an injunction that had temporarily halted a key provision of President Joe Biden’s Saving on a Valuable Education (SAVE) plan. This decision comes as a major victory for the Biden administration, allowing them to move forward with implementing the income-driven repayment
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