Don’t Pay for Your ‘Missing’ Money

You may be entitled to a portion of the billions of dollars in “unclaimed property” that sits in state treasuries — money from forgotten bank accounts, insurance policies and safe deposit boxes; uncashed paychecks and stock dividends; never-returned security deposits paid to utility companies; and the like. But you certainly don’t have to pay to claim it. It costs nothing, and takes only minutes, to check for yourself if any money is owed to you. Just visit www.MissingMoney.com or www.Unclaimed.org, …

Are You Ready to Kiss the Penny and the Nickel Goodbye?

A penny for your thoughts? Well, maybe not for long. In 2015, the U.S. Treasury Department will begin studying “alternative options for the penny and the nickel.” A big problem is that the cost of producing the lowest-denomination coins is now nearly twice their face value. According to the 2013 annual report of the U.S. Mint, a penny now costs 1.8 cents to make, and a nickel costs 9.4 cents to make. The Brookings Institution estimates that the difference costs taxpayers $1 billion …