Month: March 2021

rfranca | iStock | Getty Images A significant provision making any student loan forgiveness tax-free has been included in the $1.9 trillion federal stimulus package that’s working its way through Congress and will likely soon be signed into law. Currently, any student loan debt canceled by the government can be considered taxable and levied at
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Jared Cannon left his 18-year career as a chef in 2017, and with a $1,000 loan, started Simply Good Jars, a company which sells jars of salad. “At Simply Good Jars, we are revolutionizing the packaged salad to create simply delicious meals,” Cannon said during Friday’s episode of ABC’s “Shark Tank.” Cannon was motivated to
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In many ways, the coronavirus crisis has paved the way to better budgeting. Consumers are paying down debt and saving more than they have in decades. Many are leveraging low interest rates to refinance and lower their monthly bills. Federal relief, such as stimulus checks, expanded unemployment benefits and an extended pause in loan repayments, have even given some a chance to catch up on
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The Starling Bank banking app on a smartphone. Adrian Dennis | AFP via Getty Images LONDON — Starling Bank, a digital-only challenger bank in the U.K., said Monday that it’s raised £272 million ($376 million) in an investment round. The fresh cash injection, led by Fidelity Investments, values Starling at £1.1 billion, or $1.5 billion.
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More getty The Paycheck Protection Program (“PPP”) was implemented to provide businesses, and individuals having trades or businesses, with financial assistance in order to keep their businesses open and their payroll intact.  Many businesses and individuals who had no need or limited need for a PPP Loan applied and received one anyway, notwithstanding limited vocal
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Investors may want to hold on even tighter. Moody’s Analytics Mark Zandi believes Wall Street is significantly underestimating the seriousness of an inflation comeback, and he warns it will affect every corner of the market — from big tech to cyclical trades. “Inflationary pressures will develop very quickly,” the firm’s chief economist told CNBC’s “Trading
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Senator Joe Manchin (D-WVA) removes his mask to speak as bipartisan members of the Senate and House gather to announce a framework for fresh coronavirus disease (COVID-19) relief legislation at a news conference on Capitol Hill in Washington, December 1, 2020. Kevin Lamarque | Reuters Sen. Joe Manchin, the moderate Democrat from West Virginia, said
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Ask Larry Economic Security Planning, Inc. Today’s column addresses questions about whether the 2015 changes in the Social Security law actually ended spousal benefits for everyone, suspending a retirement benefit after it converts from a disability benefit and whether delaying makes sense with significant assets. Larry Kotlikoff is a Professor of Economics at Boston University
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