States are supposed to act in the best interests of citizens and retirees. Divesting from E.S.G. funds and companies like BlackRock that run them may create legal jeopardy.
Category: Personal Finances
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Easy to Use, Mobile Payment Apps Are Also Easy to Misuse
The New York Times – Business:While they have taken steps to help prevent mishaps, a new report finds they offer few protections if, for instance, users accidentally send money to the wrong person.
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Your Investment Lost Money Last Year. So Why the Big Tax Bill?
The New York Times – Business:When you invest and where matters for taxes. But a few rules of thumb can stave off some nasty surprises, our columnist says.
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JPMorgan Paid $175 Million for a Business It Now Says Was a Scam
The New York Times – Business:Charlie Javice promised to simplify the college financial aid process. It was a compelling pitch. Especially, as now seems likely, to those with little firsthand knowledge of financial aid.
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Their Children Are Their Retirement Plans
The New York Times – Business:The offspring of many East Asian immigrants are raised to support their elders in their later years. That gives a segment of Americans challenges others don’t face.
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Savings Accounts for Disabled People Are Opened to More of Them
The New York Times – Business:Only those who became disabled by age 26 have been eligible for ABLE accounts. But Congress raised the age to 46, so more military veterans and others can qualify as of 2026.
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How Young People Are Saving Money in a Challenging Economy
The New York Times – Business:Young people want to save for their futures, but balancing priorities has proved challenging during a time of economic instability.
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How to Invest as a Debt Ceiling Crisis Looms
The New York Times – Business:The risk of a federal debt ceiling breach later this year has increased. Steel yourself for trouble, our columnist writes. But remember: This, too, shall pass.
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Your Tax Refunds May Be Smaller This Year
The New York Times – Business:Credits that were expanded as part of pandemic relief have expired, as has the deduction for donations for people who don’t itemize.
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The U.S. May Finally Breach the Debt Ceiling. Here’s Why That Would Be Very Bad.
The New York Times – Business:If Congress fails to increase the government’s borrowing limit in time, the result would be a shock to the economy and financial markets.
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What to Know About Biden’s Student Loan Repayment Proposal
The New York Times – Business:Proposed changes to federal student-loan repayment plans tied to income could cut some borrowers’ monthly payments by more than half.
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For Freelancers, New Federal Help in Saving for Retirement
The New York Times – Business:The Secure 2.0 Act provides for direct government contributions to retirement accounts for low- and moderate-income workers, though that won’t start until 2027.