Scam artists are targeting older Americans more than ever. Over the last decade, both complaints and financial losses among baby boomers have skyrocketed, and the trend is expected to accelerate as they age, according to a recent report by the Center for Retirement Research at Boston College. The Federal Trade Commission (FTC) received more than […]
CLEVELAND - The U.S. Department of Education has selected Cleveland as one of six cities to receive specialized training to assist the Cleveland Metropolitan School District and area community organizations in getting better education out to families on completing the Free Application for Federal Student Aid (FAFSA). Mayor Frank Jackson, CMSD CEO Eric Gordon and College Now CEO Lee Friedman spoke of the importance of Financial Aid Awareness Month at the first of several events in the Cleveland City Hall Rotunda on Wednesday. "We know that higher education is the single-most important step that students of any age can take to prepare for a successful future," Jackson said.
CLEVELAND – As construction continues on the new downtown Cleveland casino, the developer has agreed to purchase the Ritz-Carlton. On Friday, Rock Gaming and Caesars Entertainment announced they would buy the 205-room hotel on Huron Street for $36.5 million. The company will also buy an attached five-story commercial office building. “Adding a luxury hotel and […]
CLEVELAND – The president of the Cleveland firefighters’ union spoke Thursday morning about recent accusations of firefighters exploiting the pay system. Last month, an audit of the Cleveland Fire Department revealed firefighters were getting paid for work they never did. The audit outlined problems with sick time being documented incorrectly, inconsistencies in payroll paperwork and […]
CLEVELAND – A combination of state and local incentives has helped lure AmTrust Financial Services, Inc to downtown Cleveland, and with it plans to create hundreds of jobs over the next three years. AmTrust, a multinational property and casualty insurer with no affiliation to the former AmTrust Bank or Ohio Savings Bank, has operations in […]
AKRON, OH (WOIO) – In the first-ever use of a new state law governing fiscal caution for municipalities and other political subdivisions, Auditor of State Dave Yost announced that he has declared the City of Akron to be in a state of fiscal caution. “Akron has a lot going for it, and I am confident the […]
(WOIO) – The unemployment rate in Ohio continued to climb for the third straight month. It rose to 9.1 percent in August, up from 9 percent in July. When will things get better? The news does not look good for nearly 600 postal employees in Akron and Canton. They are now among the thousands who […]
Financial Blessings is something everyone wants. One of the biggest worries and concerns in our lives is money. It can make a nice docile person a short tempered nasty troll.You may laugh but know that our human condition affects everything that we are. It changes our quality of life. Today is traditionally “Tax Day”. It […]
I do. I don’t. I do, until I can’t anymore, then I DIVORCE! No, you don’t marry to get divorced. Unfortunately, it remains a fact of life. If you do find yourself in the midst of a divorce, please be sure to check out these tips, so you won’t make some of these crucial mistakes. […]
Saving and investing wisely is not an easy achievement. How much do you need to save for retirement? Where should you put your money? There are thousands of financial advisors who offer differing opinions on these matters. But if there is one utterly clear maxim of saving for retirement it’s this: contribute […]
At Shaw High School in East Cleveland, there is a big push to teach students there about financial literacy. The program, called Smart Money Matters Literacy program is part of a course in personal finance which has grown out of the new Ohio education standards. Shaw High School is the first to start this new […]
Denver, CO — His account, her account or our account? What if one spouse brings more debt into the marriage than the other? Money is one of the top reasons for divorce – everything from a communication breakdown about money, lack of money and even overspending. The National Directory of Marriage and Family Counseling states, […]