It’s bad enough being scammed out of your money once. But some older consumers are being conned a second time by so-called asset recovery companies promising to help recover the money lost in the initial fraud, the Consumer Financial Protection Bureau (CFPB) warns.
Small businesses would be able to band together to create a joint 401(k) retirement plan, and some part-time workers could participate in their employer’s plan, under proposals to be included in President Obama’s final budget to Congress.
The U.S. Department of Labor is paving the way for states to sponsor retirement plans for millions of private-sector workers who don’t have such programs on the job.
Workers are often confused about Social Security, which can lead them to shortchange themselves later when claiming benefits.
The U.S. Supreme Court ruled the law that prevented same-sex spouses from enjoying federal benefits was unconstitutional nearly a year ago, yet the financial repercussions for these couples are still being worked through.
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