Current discussions about Latinos and their role in the U.S. often overlook the fact that a majority are American citizens, and the fact that this community is a vital driver of the country’s economy is frequently ignored. To fully appreciate their worth in the U.S. socioeconomic landscape, we must understand who they are and how significant their contributions are to the nation’s economic growth and stability. The Majority Are Not Immigrants According to the American Community Survey, just over 65 million Latinos live in the U.S., which is nearly 20% of the population, making them the largest racial or ethnic…

The Trump administration appears poised to take significant actions that could undermine or even dismantle the U.S. Department of Education. And the impacts for student loan borrowers could be significant. President Donald Trump is likely to issue an executive order later this month directing the Secretary of Education to dismantle the Department of Education, according to recent reporting. Abolishing a federal department can only be accomplished through an act of Congress, say most legal experts. Republican lawmakers have filed legislation to do just that, but it’s unlikely to become law given Democratic opposition in the Senate (Republicans don’t have a…

Wealth preservation and expansion has evolved beyond traditional strategies. For ultra-high-net-worth (UHNW) individuals, global mobility, financial discretion, and asset protection have become top priorities. As wealth strategies continue to shift, golden visas and second passports have emerged as crucial tools in safeguarding assets, optimizing tax liabilities, and enhancing personal freedom. Golden Visas: A Gateway to Financial Flexibility Jeremy Savory, CEO of Millionaire Migrant, a consulting firm offering high-net worth individuals a proven blueprint for tax optimization and wealth mobility solutions, has witnessed firsthand the growing demand for second citizenships as part of a comprehensive wealth strategy. “Today’s UHNW individuals are…

The Covid pandemic crushed immigration and demand for Nova Credit’s tech. Then its founder discovered a second line of business. By Jeff Kauflin, Forbes Staff In early 2020, after four grueling years trying to prove itself to financial institutions and investors, Nova Credit was finally starting to taste success. It had built Credit Passport, a novel financial technology that enabled immigrants from India, Mexico, the United Kingdom, Australia and Canada to import and convert their credit histories from back home into U.S. terms. American Express had signed on to use the feature since it helped the company approve customers it…

The Department of Justice has yet to name a new director of the Federal Bureau of Prisons (BOP) since the departure of Colette Peters in January. The position is both challenging and critical for national security. However, the BOP has often been a target for criticism from Congress, the judicial branch, the Department of Justice’s Office of the Inspector General, and the press. While the issues facing the agency are well-documented, solving them remains complex. First Step Act Implementation During her Senate confirmation hearing, Attorney General nominee Pam Bondi identified full implementation of the First Step Act as a priority.…

The aftermath of the Los Angeles wildfires, the Appalachian flooding, and other natural disasters have left many Americans with overwhelming challenges and a long road to recovery. If you need food, shelter, medical care, or any other urgent necessity, your immediate focus should be on acquiring them. Thankfully, there are many agencies and resources available for assistance to people who are experiencing physical and mental setbacks. Financial Finesse has created a guide that can help you find local organizations to get the help you need I’m going to focus here on the financial decisions that you may face as you…

The faculty and staff at Pennsylvania’s Neumann University knew that resources had been tight–there were indications around the campus, and they had not gotten a raise in several years. In fact, in the fall of 2023, the school was running a deficit of $12M on a budget of $83M. But the administration had not been forthcoming about the University’s true financial picture. The new CFO, Bruce Cairnduff had been on the job less than six months when, at the first faculty senate meeting that fall, he presented the unvarnished truth about their situation. This is the story of a university…

Money does matter in your relationships and we can even be said to have a certain ‘money personality.’ Following up on my article about money personalties, How Knowing Your Money Personality Will Improve Your Relationships, this article will discuss how our families often have the biggest impact on our money personality and how we relate to money. [The following is an adapted excerpt from the book Whole Heart Finances, written by Shane Enete.] When I was in middle school, I often spent time at a friend’s house after school. Throughout the years, I noticed their family had a pattern. Every…

One of the most common questions I get asked by people thinking of retiring is, “What do I need to do to ensure I won’t run out of money in retirement?” If you’ve asked this question, you have reasons to be concerned: Healthcare is costly, most people live longer, and inflation has eroded purchasing power. The list goes on and on. If you haven’t asked this question, you either have a ton of money or are in for a rude surprise later in retirement. Proper retirement planning cannot completely eliminate the risk of running out of money in retirement, but…

Since the late 1990s, the number of publicly traded U.S. stocks has shrunk by nearly 50%. This movement comes despite a mostly healthy run for the U.S. stock market overall, including dividends, which have been up over 500% since 2000. In other words, overall stock value has been a winning proposition for investors, but their investment choices have been nearly cut in half. What’s happened? Where have all the publicly traded stocks gone? And what does this mean for folks trying to invest for a happy and secure retirement? By The Numbers The tally of publicly traded companies in the…