Month: February 2021

Americans have opened their wallets in response to crises like Covid-19 and racial injustice, according to the most recent data from the Association of Fundraising Professionals. The organization reports a 7.6% increase in the amount donated through the first nine months of 2020. Leading the surge: smaller contributions of $250 or less. At the same time,
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Former TD Ameritrade CEO Fred Tomczyk told CNBC on Friday he believes retail stock market investors have never had it better when it comes to competing against Wall Street pros. “When you think about what the retail investor has today, they have free trading, free research, free investor education, and they have faster and better
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A teacher awaiting retirement getty A round-up of reports across the country. Florida: ending pensions for new employees? From Tampa Bay Times, “After years of discussions about the tricky issue of overhauling Florida’s retirement system for government employees, a Senate committee this week approved a proposal that would shut future workers out of a traditional
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People wearing protective masks wait in line to receive a dose of the Pfizer-BioNTech Covid-19 vaccine at a large scale vaccination site in Sacramento, California, on Thursday, Feb. 4, 2021. David Paul Morris | Bloomberg | Getty Images Scientists and health officials told Congress Friday the federal government needs to ramp up its supply of
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What is financial literacy? Diane Morais, president of consumer and commercial banking products at Ally Bank, described financial literacy as the ability to understand and effectively use financial skills such as personal financial management, budgeting and investing. “Financial literacy for kids is about ensuring that your child is educated on the best way to manage
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Luc MacGregor | Bloomberg | Getty Images Bitcoin has had blockbuster growth in the last decade, skyrocketing in price and even gaining the support of big banks. Yet for many retail investors, it can be a complicated investment – it’s historically expensive, volatile, can’t be purchased through a brokerage account and isn’t backed by a
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1960’s US postage stamp honoring Thoreau. getty One of the favorite sayings of my first managing partner the late Herb Cohan was “I’d rather owe it to you than cheat you out of it.” To be honest, like some of the other sayings, it was never clear exactly what it meant. Nonetheless, I think it sums
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