March 25, 2021

Money

Ahead of IPO, Coinbase users speak out about locked accounts and lost money

As it prepares to go public, Coinbase is still struggling to provide support to customers who have issues with funds being available, or their accounts being hacked or locked, according to a report by the New York Times. The exchange is often considered to be one of the safer bets for those looking to invest in crypto, but the story shows that users who run into trouble could be left out in the cold.

The Times tells the story of dozens of customers who have had money stolen from their accounts, or who have had their accounts locked

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Fees for NFT auctions mean you can lose money.

Non-fungible tokens, or NFTs, are having their $69 million moment as a way to create value out of what would traditionally be considered valueless. A form of cryptocurrency that acts as a digital certificate of ownership that can be bought and sold NFTs are a useful tool for selling things that have no physical presence—whether it’s a collage of digital artworks like the one Beeple sold at Christie’s, or a recording of farts. Now that everyone has seen what they can do, there’s an a NFT gold rush.

Because pretty much anything can be an NFT and making one usually

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Will selling my own home save me money?

If you’re thinking about selling your home without a real estate agent, consider the costs. (iStock)

With low-interest rates, there are plenty of buyers hoping to purchase a new home in the current real estate market. If you’re looking to lower your expenses, you may consider skipping real estate agents and selling your house on your own to take advantage of the high demand. However, it’s important to remember that selling your home isn’t free.

When you’re working with an agent, sellers can expect to lose approximately 5% of the sales price to agent fees. If you sell

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Intern pay was meant to boost Congress’ diversity. Most of the money went to white kids

While paying interns is a start, the report argues they need to be paid more. The average intern pay was $1,986.75 in the Senate and $1,612.53 in the House, for stints that normally run five and seven weeks, respectively. Monthly rent for a barebones studio apartment in D.C. alone can run $1,600, leaving no money for other costs.

While the House has already increased the intern pay allotments to $25,000 per office and loosened some of the rules around how the money can be spent — allowing some of it to go to district office interns — Vera said more

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I’m 73, single and work part time, should I put money into an IRA?

Q: I am 73 and single. Looking at my taxes for 2020, I think I can save a few bucks by putting money in an IRA. I don’t have a 401(k) or anything like that, and make some money working part time so if I understand it, I can make a deductible IRA contribution now. Is that true? Is that smart?

— Gene in Mobile

A.: Gene,

Working seniors, regardless of their age, have always been able to contribute to a Roth IRA if their income was within certain limits but if over age 70½, they could not contribute to

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IRS says next batch of COVID payments coming soon

More stimulus checks are on the way through direct deposit and the mail.

The Internal Revenue Service and U.S. Treasury said Monday that the next batch of Economic Impact Payments will be issued this week with many coming as paper checks or prepaid debit cards. Some direct deposits began processing Friday with an official pay date of Wednesday, March 24.

Additional payments are expected to be released on a weekly basis going forward, the IRS said in a news release.

“The IRS continues to send the third round of stimulus payments in record time,” IRS Commissioner Chuck Rettig said

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