This past June, the Supreme Court struck down President Biden's plan to cancel up to $20,000 in federal student loan debt for qualified borrowers. As a result, millions of student loan borrowers are scheduled to start paying back their loans in October after a three-and-a-half-year reprieve.
Watch Out for Student Loan Repayment Scams
Aug 23, 2023 2:47:20 PM
written by
The Retirement Group
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posted in Financial Planning, Student Loans, Scams, 2023
Watch Out for These Common Tax Scams
Mar 14, 2023 11:45:00 AM
written by
The Retirement Group
Tax scams, as reported by the Internal Revenue Service (IRS), have a tendency to rise during tax season and/or other times of economic uncertainty. (1) Now that tax season is in full gear, the Internal Revenue Service is advising taxpayers to exercise extreme vigilance and prevent themselves from falling prey to dishonest tax schemes. According to the Federal Trade Commission (FTC), Americans aged 60 and older are more vulnerable to financial scams than any other age group, with scammers often posing as trustworthy organizations or individuals such as government agencies, charities, or healthcare providers. A recent report by the FTC showed that in 2020, consumers aged 60 and older reported losing over $1 billion to fraud, with the median loss being $600. Fortune 500 employees and retirees should be aware of the following frequent tax scams in order to avoid getting taken advantage of.
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