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Maximize Your Social Security Benefits Part 2.

December 30, 2013

When, exactly does retirement happen? While the answer to that question for many is, “as soon as possible, please….” – the bottom line is that the current full retirement age to start receiving Social Security benefits varies depending on the year that your were born. The age was recently increased to 67 for anyone born […]

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Maximize Your Social Security Benefits Part 1

December 15, 2013

.  While the latter isn’t likely to occur, there are two “lesser known” strategies that can help married couples maximize their Social Security benefits.  Here’s how they work: Claim Now & Suspend.  This generally applies to married couples where one partner has earning significantly more than the other.  It allows someone who has reached full […]

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HELP! Someone Stole My Identity!

June 11, 2013

Identity theft is on the rise. In 2012 alone, 12.6 million Americans were victimized by this crime, according to a survey conducted Javelin Strategy and Research. Identity theft is when someone steals your personal information and uses it without permission. It can potentially damage your credit, finances and personal reputation, and it can be very […]

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Is Your Credit Report Wrong?

June 7, 2013

So, you finally requested your credit reports, and now you see that they have incorrect information. There is a remedy. According to the Federal Trade Commission (FTC), the Federal Credit Reporting Act requires that both the credit reporting company and the information provider (the person, company or organization that provided information about you) correct inaccurate […]

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Help Is Still a Long Ways Away For Student Loan Borrowers

May 28, 2013

A bill introduced by U.S. Sen. Richard Durbin of Illinois would require that privately issued student loans be treated the same as other types of private debt and be dischargeable in bankruptcy. The Fairness for Struggling Students Act of 2013, which would amend federal bankruptcy law, was assigned to a congressional committee, which will consider […]

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Do You Know What is in Your Credit Report?

May 21, 2013

A recent Federal Trade Commission study discovered that one in five consumers had an error on one or more of their three credit reports. “These are eye-opening numbers for American consumers,” said Howard Shelanski, director of the FTC’s Bureau of Economics, in a press release.  “The results of this first-of-its-kind study make it clear that […]

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Sequestration Affects New York Courts

May 16, 2013

What is Sequestration? It is a U.S. legal procedure in which automatic spending cuts are triggered. UScourts.gov reports that sequestration has reduced the federal judiciary’s overall funding levels by almost $350 million, which is equivalent to a 5 percent cut.  Each court decides how to implement the funding cuts. In all, approximately 2,000 employees nationwide […]

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What Do Mickey Mouse and Bankruptcy Have in Common?

May 14, 2013

Walt Disney. Walt Disney, the man who created Mickey Mouse, the Disney theme parks and many blockbuster movies, experienced financial ups and downs like most people, including bankruptcy, according to justdisney.com, a website that is not affiliated with The Walt Disney Company. Disney was born in 1901 and spent his childhood in Missouri with three […]

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What Do Filing for Bankruptcy and Winning the Nobel Peace Prize Have in Common?

May 2, 2013

Despite his remarkable achievements, Jean Henry Dunant, who in 1901 received one of the first Nobel Peace Prizes, endured periods of ups and downs in his life, including bankruptcy, according to www.nobelprize.org, the official website of the Nobel Prize. Dunant was a founder of the International Committee of the Red Cross and the initiator of […]

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How Long Should You Keep Financial Records?

April 22, 2013

It may be tempting to get rid of bank statements and other financial documents that seem to clutter your home or office. But don’t be too quick to dispose of them. The Federal Deposit Insurance Corporation provides guidelines about how long to keep your financial records. As a general rule, documents that pertain to taxes […]

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