Charles Schwab Corp. will pay a record $187 million to settle charges that it didn’t tell clients about the hidden costs of its robo-advising product, which was allocating client funds in a way that would be less profitable for them. The cash in the portfolios would cause clients to make less money even while taking on the same amount of risk.
April is National Financial Literacy Month. It’s a great opportunity for consumers to check and promote their financial situation and skills. For people who have just started earning or have been earning for a long time, every day is a chance to reflect on spending and improve finances.
The Warrior Trading day trading investment scheme is being ordered by the FTC to stop making unrealistic claims of big gains to consumers. It alleges that the company and its CEO used those claims to convince consumers to pay hundreds of thousands of dollars for a system that failed for most customers.
Consumers need to accurately declare and pay taxes on their virtual investments. Failure to properly declare and pay taxes on cryptocurrency transactions may be a civil or criminal violation of federal tax law, as well as a violation of state tax law, which could result in steep financial liabilities
Parents probably know this, but if they don’t, they should. Kids are learning and mimicking machines. It starts at birth. Once they arrive, they look and listen – to just about everything. They begin absorbing and recording what they see and hear.
The Super Bowl ads for 2022 were mostly disappointing. Although a few had a good message, the overall feel of the game show was dystopian. A QR code drifting across the screen, ads for apps and betting websites I’d never heard of, and supposedly clever ads featuring stars from TV series I’ve never seen.
Coins and collectables can be an interesting and rewarding hobby. However, since the price of precious metals can fluctuate widely, it can also be a stressful investment. Knowing what you’re buying, and who you’re buying it from are very important.
Many Americans lack financial literacy. Moreover, regardless of their financial wealth, many Americans also aren’t as happy as they could be … lacking what one of our reviewers defined as “life literacy.” We wrote “Your Total Wealth: The Heart and Soul of Financial Literacy” because of these two reasons.
National Financial Awareness Day is Aug. 14. It’s a good time to review your finances and make adjustments. The origins of the holiday are unknown but the aim of it is to develop and instill good financial practices that will solidify a person’s current financial status and serve them through retirement.
Every year, June 15 is recognized as World Elder Abuse Awareness Day. The purpose of Elder Abuse Day is to raise awareness to the abuse and neglect experienced by elderly people around the world through cultural, social, economic, and demographic processes.