Money
New Report: Overdraft Practices On Checking Accounts Raise Serious Concerns for Consumers
"Consumers need to be able to anticipate and avoid unnecessary fees on their checking accounts. But we are concerned that some overdraft practices may increase consumer costs beyond reasonable expectations," said Consumer Financial Protection Bureau Director Richard Cordray. "What is marketed as overdraft protection can, in some instances, create greater risk of consumer harm." more »
Searching for a High: Can Google Predict the Stock Market?
The research supports the idea that drops in the financial market may be preceded by periods of investor concern. Investors may search for more information about the market before they are prepared to sell at lower prices. Conversely, the researchers found that drops in interest in financial topics could be used as a signal for subsequent stock market rises. more »
How the Maker of TurboTax Fought Free, Simple Tax Filing
Imagine filing your income taxes in five minutes — and for free. You'd open up a pre-filled return, see what the government thinks you owe, make any needed changes and be done. The miserable annual IRS shuffle, gone. It's already a reality in Denmark, Sweden and Spain. The government-prepared return would estimate your taxes using information your employer and bank already send it. more »
For Women, A Serious Crisis of Retirement
Among Baby Boomers, only 20 percent of women have a backup plan if retirement happens sooner than expected. “Life’s unforeseen circumstances such as a job loss, health issues, or family obligations can derail the best of intentions. ” said Collinson. “Especially with so many women planning to delay retirement or continue working part-time in retirement, a backup plan is an essential part of a retirement strategy.” more »