Personal Finance

Supreme Court Blocks Loan Cancellation

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inflation guy

Alright, here is the short, short version typed up as fast as I possibly can, while I wait for my documents at the title company. In Washington D.C. they have been stretching legislation to lift more than it as designed to since before they built the Congressional building. This time, the Supreme Court decided it was too far. On a party line vote, Republicans said no, and Democrats said yes. The reasons are moot. It’s time to look at your money. Student Loan Payments Deferred Back during the pandemic when everyone was worried the economy was on the verge of collapse with hundreds of thousands of Americans unable to work because their jobs were shut down, the Feds put a pause on student loan payments. It turns out that a lot of people were spending a lot of their after-tax income paying student loans instead of consuming the goods and services that drive the economy. An extra couple hundred dollars a month can do that for you. The student loan payment pause is ending. I don’t know why Republicans hated the student payments thing so much. Maybe it’s just that they didn’t want people to have something to like about …

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WalletHub Review Is It Legit or Scam Free Credit Reports

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wallethub reviews

WalletHub reviews are mostly positive, but let’s take a deeper look into exactly who WalletHub is, and what they do. What Is WalletHub? WalletHub is an online financial service that offers personal finance tools for users. The main offering is a daily free credit score, and the related free credit report. After taking a close look, here is my WalletHub review. Is WalletHub Legit, or is WalletHub a scam? In order for a company to pull and use your credit report, and then calculate a credit score, it will need to collect personal identifying information. This is exactly the kind of information you don’t want to be handing off to a scammer, so the first item of business with a company like this is determining if Wallet Hub is legitimate or not. So, the first step of any Wallet Hub review needs to be finding out who they are. WalletHub is an offering by a company called Evolution Finance. The company was founded in 2008, according to Bloomberg, and has been mentioned numerous times in the media. The original product was a credit card comparison website called CardHub. This isn’t a WalletHub scam necessarily. You can still get there if you …

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Good Dividend Investment in Johnson & Johnson

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unclaimed property

It’s no secret I am a big fan of dividend investing. What better way to invest than to let the company you are investing in pay you to hold onto their stock until it makes a sweet, profitable trade. What is a good dividend stock to invest in is a multilayered question, but you can’t go wrong starting with a look at the Dividend Kings. Johnson & Johnson Good Time to Invest? Chances are pretty good that you have heard of Johnson & Johnson. In addition to being a household name for all of the reasons you know, it is also a household name for dozens of products you use every day that just don’t have the J&J name on them. Johnson & Johnson stock trades under the JNJ ticker symbol. It is part of the Dow Jones Industrial Average, and the S&P 500 index. As a dividend king, J&J has raised its dividend every year for 50 consecutive years. When a company can do that, it means that they are busy running a profitable company and not chasing executive bonus tiers. As you can imagine, J&J is not a growth stock, but that is okay. Johnson and Johnson will …

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CIT Bank High Yield Savings

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high interest online banking cit bank

Getting high interest rates from CIT Bank is not that hard, but as always, you want to be sure it is the right choice for your finances. High Interest Rates Online Savings As with most things these days, there is a way to get a better financial deal on your money if you find an online bank without the overhead of a local bank. We’ve talked before about Marcus high-yield savings, Goldman Sach’s, entry in the high online interest account world. Like Marcus, CIT Bank is an online brand of a bigger bank. In this case, CIT Bank is a division of First Citizens Bank, a publicly traded financial institution with $100+ billion in assets. Is CIT Bank a Scam? As always, we start from the beginning. Is CIT Bank a scam or is CIT Bank legit for higher interest rates? It doesn’t take much digging to see that CIT Bank is not a scam. As mentioned above, it is part of a large U.S. Bank that is FDIC insured, the gold standard for banks in America. Just because CIT Bank is not a scam as a fly by night company doesn’t necessarily mean that CIT Bank offerings are not …

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Unclaimed Property Utah

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unclaimed property Utah unclaimed property

Unclaimed property Utah refers to abandoned financial assets such as uncashed checks, forgotten bank accounts, and security deposit refunds. The state of Utah, like many others, has a system in place to reunite owners with their lost or forgotten assets. The Utah Unclaimed Property Division is responsible for safeguarding and returning unclaimed funds to their rightful owners. Utah returns millions of dollars in unclaimed property to its residents each year. To simplify the process, there are several resources and websites that can help verify if someone has unclaimed property in Utah. The official My Cash Utah website is the best way to search for lost or unclaimed Utah property. Understanding Unclaimed Property in Utah Unclaimed property refers to monetary assets that haven’t been claimed by their rightful owners after a designated period of time. In Utah, unclaimed property may include bank accounts, payroll checks, stocks, bonds, and insurance benefits, among others. The state’s Unclaimed Property Division (UPD) is responsible for collecting, safeguarding, and returning these items to their rightful owners. Utah’s Unclaimed Property Act sets forth a specific process for handling these lost assets. Financial institutions and other organizations, called holders, are required to report unclaimed property on an annual basis to the UPD. …

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Unclaimed Property Wyoming: Getting Back Your Money

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unclaimed property

Each year, millions of dollars in unclaimed assets in Wyoming are turned over to the state by banks, businesses, and other organizations. These assets can include uncashed checks, abandoned bank accounts, and forgotten stock holdings. Wyoming Unclaimed Property Division acts as a custodian, taking responsibility for the safekeeping of these assets until they’re rightfully claimed by their owners. The process of locating and claiming unclaimed property in Wyoming is relatively simple and can be done with minimal effort. Whether you’re a current or former Wyoming resident, it’s essential to conduct a search for unclaimed assets periodically, as new properties are continuously reported to the state. Online databases maintained by the Wyoming State Treasurer’s Office allow individuals to search for unclaimed property using their names or other identifying information. In many cases, unclaimed property can help individuals recover forgotten funds that can be put to better use. The Wyoming Unclaimed Property Division stands ready to assist in connecting rightful owners with their unclaimed assets. Utilizing the state’s resources, anyone can take advantage of the opportunity to find and claim any unattended properties that might be waiting for them. Understanding Unclaimed Property Unclaimed property refers to various types of financial assets that have …

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Colorado Unclaimed Property

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Colorado Unclaimed Property 1

Like most states, the Great Payback Colorado program lets citizens search for Colorado unclaimed property for free. When you find Colorado unclaimed funds, or your Colorado lost property, you can look for payback. The Great Colorado Payback With a bit of corny name, the State of Colorado hopes to catch the attention of the people of Colorado and let them know that the State might be in possession of money that belongs to them. Where Does Colorado Unclaimed Property Come From? Contrary to popular belief the Great Payback Colorado program is not a contest. It is not a lottery. It is not a game. It is a way to get unclaimed money Colorado has on hold for you. There is no way to get extra money. When a bank, or other business, or organization has money or other property that belongs to a customer, they contact that customer and remind them about it. If they are a former customer, they will try the last address, and phone number on record. If they cannot find the owner of the money after a certain amount of time, they turn the account over to the State. The state holds unclaimed property in hopes …

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Will ChatGPT Hurt Finacial Advisors

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AI versus financial advisors

ChatGPT AI for Financial Advisors The hot topic in many industries is ChatGPT and artificial intelligence (AI). Will ChatGPT hurt financial advisors or will ChatGPT help financial advisors? And, what about Google’s Bard and other AI platforms? Are they helpful or harmful? Are Index Funds and ETFs AI? An interesting argument can be made that the personal finance and investing world has been using AI for decades. It was crude, rudimentary AI for sure, but an ETF is nothing more than a computer investing your money without further input. This is the most basic of AI. You input $100, and a computer records, invests, and tracks your money autonomously making adjustments where necessary, all without human intervention. As these products got more complex, they resembled AI more and more. RoboAdvisors and AI Unlike many industries, financial planners have seen attempts to replace them before. First came the online trading and the discount brokerage invasion, pushing back on the paradigm that required a broker or financial advisor. Just as important, the financial world made room for the self-advised with lower available investment dollars by discarding the extra cost of buying less than a round lot, or 100 shares. This change may …

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Reviews Wisely Scam, Legit, Is It Worth It?

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Reviews Wisely Scam, Legit, Is It Worth It? 2

Is Wisely the Ultimate Tool for Personal Finance and Investing? Managing personal finances and investments has never been easier than it is today, thanks to a plethora of budgeting and investment tools available in the market. On the other hand, the vast array of personal finance tools and finance apps out there makes for a difficult time figuring out which ones are right for you. One popular and emerging platform that has recently grabbed the attention of both beginners and experts alike is Wisely. To find out, I put Wisely through an in-depth analysis highlighting Wisely’s features, benefits, and drawbacks to help you make an informed decision. One of the best features of Wisely is that Wisely is from ADP, the country’s largest payroll provider. One of the concerns about if Wisely is a scam is that it is from ADP, the country’s latest payroll provider. After all, doesn’t your employer and its payroll company already know enough about you? What Wisely Reviews Say Some of the short Wisely reviews say it is a personal finance and investing application that promises to streamline your entire financial life. The developer’s aim is to create a product that acts as a one-stop …

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Are High Interest Checking Accounts Worth It?

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high interest checking account

There are a lot of high-interest checking accounts out there these days, but is a high-interest checking account worth it? The answer depends not only on how you use your checking account, but also the details of each account. As is so often the case with personal finance, the devil is in the fine print details. Be sure to understand all of the fine print before rushing off to transfer your checking accounts. Check out my Acorns review. High-Interest Checking Account Qualifications The first thing you want to look at is how to qualify for a high interest checking account. At most banks, getting the highest interest rate on your checking account requires you to make a minimum number of debit card transactions. That is because the bank earns money on each one of those transactions. In a way, with every debit card purchase you make, you earn the money the bank uses to pay you the higher interest. You also are usually required to get a direct deposit into the checking account each month. For many people, the only direct deposit they could get on a monthly basis is their paycheck. The idea is that by requiring a direct …

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