Cash on Hand Is Critical for Avoiding Hardship

Federal Reserve Bank of St. Louis – In The Balance – Emily Gallagher and Jorge Sabat 11/2017 Why would someone keep $1,000 in a low-earning bank account while owing $2,000 on a credit card that charges a double-digit percentage interest rate? Our research suggests that keeping a cash buffer greatly reduces the risk that a…

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IRS plans further steps to curb identity theft

Accounting Today – Michael Cohn – 10/17/17   Intuit chairman and CEO Brad Smith hailed the progress that has been made, but said more needs to be done. “American taxpayers are still under siege from cybercriminals, so we remain steadfast in our commitment to fight tax cyberfraud. We’re proud of the progress being made,” he…

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