All posts for Janet Raasch - 69 posts found

Posted 3 years ago in Your Money & The Law by Janet Raasch  
Payday Loans Prey on the Vulnerable

Financially-strapped individuals turn to payday loans when they need cash between paychecks and have exhausted every other option. These borrowers are rarely eligible for other kinds of credit, and don’t want to borrow from family and friends. Each year, about 12 million borrowers take out payday loans. The U.S. Consumer Financial Protection Bureau calls payday loans “debt traps.” Research shows that they often push low-income borrowers off the financial cliff, into bankruptcy or default. Only about 14 percent of borrowers …

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Posted 3 years ago in Elder Law Your Money & The Law by Janet Raasch  
To Maximize Social Security, Wait Until You’re 70

As we near retirement age, we worry about having sufficient money to maintain our lifestyle, or close to it, for the rest of our lives. After all, we could easily spend 25 years in retirement. Traditionally, the “three legs” of retirement income were pension, savings and Social Security. As defined benefit pensions disappeared and savings eroded during the economic downturn, Social Security plays an ever more important role in retirement security. Most retirees plan to collect Social Security as soon …

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Posted 3 years ago in Consumer Law Your Money & The Law by Janet Raasch  
You Can Sue Your Financial Adviser for Bad Investments

With the increasing popularity of 401(k) plans and IRAs, many more of us have become investors — often without any background at all in finance. People owning such accounts must now decide how and where their contributions to these accounts are allocated. To make better decisions, many of us are seeking the advice of financial advisers. Just like doctors and lawyers, these professionals are required to adhere closely to standards of professional conduct. When the actions (or inactions) of a …

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Posted 3 years ago in Crime by Janet Raasch  
Federal and State Laws Aim to Keep Tabs on Sex Offenders

When it comes to treatment of convicted sex offenders, Americans and the American justice system are very concerned. Sex offenders are seen as targeting the most vulnerable populations, especially women and children. They are often subject to longer prison terms and closer supervision once released than other kinds of offenders. Currently, there are about 747,500 registered sex offenders in the United States. About one-third of these individuals are currently under close supervision, in prison or jail, in halfway houses or …

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New Options for Small Businesses Under Obamacare

Small businesses with fewer than 50 full-time employees are not required to provide health insurance to their employees. Most of them, however, would sincerely like to do so. Under the Small Business Health Options Program, created by the Affordable Care Act (better known as Obamacare) and opening for business Nov. 1, 2013, small business owners now have many more affordable options.   High Cost of Healthcare for Small Business Small businesses that provide health insurance for their employees have traditionally …

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