It had been rumored for quite a while, so it wasn’t a big surprise when the Justice Department sent a memo to Danielle R. Sassoon, the interim US. Attorney for Manhattan instructing her to dismiss the bribery and other charges brought against New York City Mayor Eric Adams. Most notably the memorandum states “The Justice Department has reached this conclusion without assessing the strength of the evidence of the legal theories on which the case is based…” The memorandum indicated that it was being done to allow Adams to focus on crime prevention and immigration while figures for crime in…

I recently asked someone if they were invested in private prisons (private prison investing), and they replied, “I don’t think so.” When I followed up by asking if they invested in mutual funds in their 401(k) or Roth IRA, their expression changed. This reaction is not uncommon; many investors aren’t fully aware of what companies their mutual funds hold. In February 25, 2021, I wrote Are you unknowingly invested in private prisons? This is an update to that article. However, some people (maybe you) worry about missing out on potential returns if they exclude certain sectors or companies. Investment funds…

The fight-or-flight response to stress “. . . evolved as a survival mechanism, enabling people and other mammals to react quickly to life-threatening situations,” according to Harvard Medical School. Unfortunately, the very thing that helped keep human ancestry alive often hinders the investing decisions of today. Once an investor’s hackles are up, it can be difficult to make calm, objective retirement planning decisions. Behavior is perhaps the most prominent variable and determinant of investor success. Benjamin Graham, author of The Intelligent Investor and the man many see as the father of value investing, wrote, “The investor’s chief problem—and even his…

You can create a solid financial foundation for yourself with some very simple steps. Spend less than you earn. Direct the net cash flow to savings. Keep some cash on hand for emergencies and get the rest invested for long-term growth. Repeat that process over years, and then decades, and you are very likely to become a millionaire (if not a multimillionaire). There’s nothing wrong with keeping it simple and sticking to these basics. But if you want to build even more wealth, then you need to take advantage of the other opportunities that are also available to you… and…

Can a 50-year-old still retire a millionaire? The good news is, yes, even starting in your 50s, you can still end up a millionaire. Obviously, it will take more diligent financial planning and investing to reach the millionaire or multi-millionaire club the later you begin accumulating wealth. There are simple steps to follow in order to become a millionaire. Most notably, you need to save money regularly and over long periods of time. Many more people would be doing it if becoming a millionaire was easy. While the net worth of many hard-working Americans skyrocketed during the past few years,…

The U.S. Department of Education is experiencing major turmoil as the Trump administration takes steps to undermine and eliminate it. Millions of student loan borrowers, including those pursuing student loan forgiveness, may potentially be impacted. Last week, the Department of Government Efficiency, or DOGE, headed by Elon Musk, reportedly gained access to sensitive systems at the department, including data sets that contain personal identifying information for millions of federal student loan borrowers and aid recipients. This week, in response to a DOGE review, the department cancelled nearly $900 million in contracts, with more potential cuts on the way. And President…

Could Trump Rescind Student Loan Forgiveness? Here’s What Borrowers Need to Know With Donald Trump’s return to the White House, student loan borrowers are understandably anxious about the future of student loan forgiveness programs. Over the last four years, the Biden administration has wiped out over $180 billion in student loan debt through various initiatives, including Public Service Loan Forgiveness (PSLF), borrower defense claims, and the now-defunct broad-based relief plan. However, Trump has been vocal about his opposition to student debt cancellation, calling it a “total catastrophe” and signaling a desire to dismantle the Department of Education. While there remains…

The Trump administration and Republican lawmakers in Congress are looking to cut or eliminate nearly a dozen student loan and federal aid programs administered by the Department of Education. The cuts, if implemented, could impact millions of Americans, from families who are about to send their children to college, to working people looking to advance their career through an additional degree or certificate, to student loan borrowers who are already in repayment. The programs at issue are being targeted on two fronts. Last month, the Trump administration instructed federal agencies to review hundreds of programs across the federal government to…

Over the years, federal prison camps have evolved, but chronic staffing shortages, insufficient funding for facility repairs, and limited programming have made life inside increasingly challenging. These camps, the least restrictive within the Bureau of Prisons (BOP), are paradoxically among the most expensive to operate. The BOP recently announced the closure of seven prison camps, yet there are strong arguments for shutting down more. One viable alternative is expanding prerelease custody—such as halfway houses and home confinement—which provides greater oversight of minimum-security prisoners while significantly reducing costs. Minimal Security at Federal Prison Camps The Allenwood Federal Prison Camp was once…

Mother-child partnerships in professional sports and entertainment are reshaping the investment scene. Now a trailblazing network of professional athletes’ mothers, League of Industry Moms, is changing how silent investment partners are creating the new way wealth management works in sports. These maternal figures serve as vital guardians for these elite performers’ financial futures, as a hidden force behind many multi-million dollar deals. The Breakdown You Need To Know: Mothers play a pivotal role in shaping the financial decisions of professional athletes and entertainers, offering guidance, support, and sometimes direct management of their finances. This is why Twanna Harris, Founder of…