Personal Finance

New York, Connecticut, Maryland and New Jersey are suing the federal government, alleging that the new $10,000 cap on state and local tax deductions (SALT) is an “unconstitutional assault on states’ sovereign choices.” New York governor Andrew Cuomo announced the lawsuit on Tuesday morning, naming Steven Mnuchin, U.S. Treasury Secretary, and David Kautter, acting commissioner
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Scammers aren’t just interested in your Social Security number and credit cards these days. They’re also snatching cash right out of your kids’ college savings accounts. On June 27, the Connecticut Higher Education Trust (CHET), which offers the state’s 529 savings plan, announced that fraudsters had snatched $1.4 million from 21 of its CHET Direct
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When Jeremy Steiner, 30, was ready to propose to his now-fiancé, Kaja Olcott, 29, he first made another commitment: A new credit card. Steiner signed up for the Capital One Venture card in order to earn 50,000 miles (roughly the equivalent of $500) when he purchased an engagement ring. The card also comes with hotel
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Retirees hoping to spend their golden years in an idyllic retirement community should slow down before signing over their savings. Continuing care retirement communities, or CCRCs, give retirees the opportunity to age in one location, moving from independent living to assisted living and eventually skilled nursing care. The arrangements are convenient and often luxurious, but
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