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  • ‘These guys are working twice as hard as they used to work for half the money’: Gulf Coast shrimpers see Trump tariffs as a lifeline for the US shrimp industry — but is it?

    ‘These guys are working twice as hard as they used to work for half the money’: Gulf Coast shrimpers see Trump tariffs as a lifeline for the US shrimp industry — but is it?

    While President Trump’s aggressive (and changing) foreign tariffs are expected to make the cost of living soar for average Americans, there are some groups who welcome rising prices on imports as a way to boost local trade.

    The Trump administration received roughly 200 letters from Gulf Coast shrimpers asking for higher tariffs on imported shrimp.

    Prices for the domestic catch have fallen from $2.85 per pound four years ago to $1.64 as of June 2024, down 42%. And shrimpers from the area say imports account for more than 90% of demand for shrimp in the US, according to NBC News. They see the America First policy as a boon for a struggling industry.

    “We’ve watched as multigenerational family businesses tie up their boats, unable to compete with foreign producers who play by a completely different set of rules. We are grateful for the Trump Administration’s actions today, which will preserve American jobs, food security, and our commitment to ethical production,” Southern Shrimp Alliance Executive Director John Williams posted on the organization’s website.

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    Shrimpers for Trump

    Unlike the lobster fishers of Maine, who rely on trade with Canada as their largest export market, shrimpers sell the majority of their catch domestically. Foreign competition has turned the price per pound into a race to the bottom.

    “I call it the ‘chickenization’ of shrimp,’” said Jeremy Zirlott, a shrimper in Alabama with three boats, and a Southern Shrimp Alliance board member. “Shrimp used to be a luxury item; now it’s gotten to where it’s one of the cheapest proteins.”

    "We’ve been dying for the last 20 years, and the last four years have really been tough," said Acy Cooper, the president of the Louisiana Shrimp Association. "Then Trump comes in — that’s why we voted for him. We want change. We can’t live like this anymore."

    The industry’s crisis is one that shrimpers feel the US government has, up to now, compounded.

    In early March, Sen. Bill Cassidy, R-La., called attention to the fact that US taxpayer dollars are being used to fund the shrimping industry in other countries. As reported by the Southern Shrimp Alliance, private shrimp producers and exporters in Ecuador have received at least $195 million in development funding since the millennium.

    Funding has also been sent to India, Indonesia, Vietnam, among other countries. The Alliance contends that this has led to a “global oversupply that has driven wholesale shrimp prices to historic lows during a time of inflation for almost all other commodity prices.”

    Sen. Cassidy has called on Treasury Secretary Scott Bessent to prevent taxpayer dollars from funding foreign shrimp aquaculture. Advocates for the industry say that this foreign supply has been instrumental in gutting the domestic shrimp prices. NOAA Fisheries reported that the total value of U.S. shrimpers’ catch was $522 million in 2021 — and only $268 million in 2023, and remaining near this level in 2024.

    Congressman Clay Higgins, R-La., is also calling attention to the issue and on the Trump administration to impose tariffs of up to 100% on foreign shrimp and crawfish imports.

    Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan ‘works every single time’ to kill debt, get rich in America — and that ‘anyone’ can do it

    Shrimpers vs. consumers

    "The public has to be willing to pay more for the domestic product we produce," said Zirlott. He anticipates that tariffs will provide some relief, but wants federal funding redirected into the local industry so that it can survive in the long term.

    "I don’t think it’s going to solve all of our problems for sure, but it’s a step in the right direction," he said. Public support is crucial to encourage young people to join the fishery that is quickly witnessing a “graying of the fleet.”

    By contrast, Maine’s governor expressed worry that tariffs on the fishery will cause major trading partners like Canada to impose retaliatory tariffs. Some products, such as lobster, cross the border for processing as Maine has 15 lobster processing plants to Canada’s 240, meaning Maine’s lobstermen would suffer in turn.

    The National Fisheries Institute has also warned that tariffs on seafood and other items could cause inflation.

    Some also worry that as prices for foreign imports and domestic shrimp rise, consumers are just as likely to change their tastes as they are to adjust to a higher cost for seafood they expect to be cheap.

    John Sackton, a seafood industry analyst, reported to NBC that a recent survey showed consumers are more likely to simply cut back on spending for groceries and restaurants when the economy dips, meaning tariffs may not ultimately bring Gulf Coast shrimpers the relief they’re desperately seeking.

    Gulf Coast shrimpers, however, rely on their fellow Americans to do the right thing.

    “Today’s demand for shrimp is met at a massive human, environmental, and public health cost,” said said Williams, the executive director of the Southern Shrimp Alliance. “When we outsource our seafood production to industries that use forced labor and environmental shortcuts, we’re making a choice about the kind of world we want to support.”

    What to read next

    This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

  • Borderline beautiful: Canadian getaways for Americans who need a breather — and Canadians who’d rather not cross south

    Borderline beautiful: Canadian getaways for Americans who need a breather — and Canadians who’d rather not cross south

    As the political winds pick up again in the U.S., many Canadians are saying “nah, not this year” to cross-border travel. And on the flip side, many Americans are looking north, not just for cooler temps, but for a bit of calm, connection and maybe a touch of sanity.

    Whether you’re a Canadian who’d rather explore our own backyard this summer, or an American looking to show a little love for the North, here’s your coast-to-coast guide to the best border-hugging getaways across Canada, just an hour or less from a U.S. crossing.

    No passport anxiety. No long-haul flights. Just fresh lakes, mountain views and that friendly “eh” energy we’re known for.

    British Columbia – Osoyoos

    Closest U.S. crossing: Oroville, Washington

    Distance from border: ~10 minutes

    Osoyoos and Osoyoos Lake in the Okanagan Valley, British Columbia, Canada
    Nalidsa | Shutterstock

    Sunshine, wineries, warm lake water — it’s like California, but quieter and on this side of the 49th parallel. Osoyoos sits in the middle of Canada’s only desert and offers everything from paddleboarding and golf to wine tasting and Indigenous cultural experiences.

    Good to know: This area is hot, dry, and breezy — great for a chilled glass of wine and some serious exhaling.

    Alberta – Waterton Lakes National Park

    Closest U.S. crossing: Chief Mountain, Montana

    Distance from border: ~30 minutes

    Waterton Lakes National Park, Alberta, Canada, North America
    John Elk | Getty Images

    Craving fresh mountain air without the Banff bustle? Waterton’s your spot. Nestled up against the U.S. border, it’s part of a shared peace park with Montana’s Glacier National Park, proof that nature doesn’t care about borders, just beauty.

    Why go now: The hiking is spectacular, and the vibe is peaceful, and a perfect place to unplug from politics and plug into wildflower-covered trails.

    Saskatchewan – Cypress Hills Interprovincial Park

    Closest U.S. crossing: Wild Horse, Montana

    Distance from border: ~45 minutes

    Aerial of Cypress Hills Interprovincial Park, Alberta, Saskatchewan, Canada
    Russ Heinl | Shutterstock

    Saskatchewan might be flat, but not here. Cypress Hills rises unexpectedly from the prairie with lush forests, star-filled skies and family-friendly camping. It’s one of Canada’s best-kept secrets, and still delightfully unspoiled.

    Borderline magic: It’s where you can see the stars and forget the news cycle exists.

    Manitoba – St. Malo Provincial Park

    Closest U.S. crossing: Pembina, North Dakota

    Distance from border: ~45 minutes

    Border crossing into Canada
    oksana.perkins | Shutterstock

    This local gem south of Winnipeg offers sandy beaches, walking trails and calm lake waters. It’s ideal for a low-key day trip or weekend stay. Less buzz, more bliss.

    Chill bonus: It’s easy on the wallet, easy to access and packed with that small-town Manitoba warmth.

    Ontario – Niagara-on-the-Lake

    Closest U.S. crossing: Niagara Falls, New York

    Distance from border: ~25 minutes

    Niagara on the Lake
    mikecphoto | Shutterstock

    What do you get when you mix history, wine, theatre and gorgeous lake views? One of the most charming towns in Canada. Niagara-on-the-Lake is a favourite for romantic weekends, friend getaways or solo resets.

    For our American friends: Think Napa vibes, but with 19th-century architecture and an actual old-timey apothecary.

    Quebec – Magog & Lake Memphremagog

    Abbey de Saint-Benoit-du-Lac next to Magog, Memphermagog lake, Quebec Canada
    Potifor | Shutterstock

    Closest U.S. crossing: Derby Line, Vermont

    Distance from border: ~30 minutes

    Feeling like a European getaway without the airport headaches? Welcome to Quebec’s Eastern Townships. Magog offers French cafés, a crystal-clear lake and a bilingual blend of class and comfort.

    Fun fact: Americans who visit often end up returning — sometimes for good. It’s that nice.

    New Brunswick – St. Andrews by-the-Sea

    Closest U.S. crossing: Calais, Maine

    Distance from border: ~30 minutes

    Lighthouse in St. Andrews by the Sea on the Bay of Fundy in New Brunswick, Canada
    gvictoria | Shutterstock

    Seaside strolls, whale watching, tide pools and salty air, St. Andrews is the peaceful escape you didn’t know you needed. History, hospitality and Atlantic charm all wrapped into one.

    Extra love: It’s a great town for “reset energy.” Bring a book, ditch your phone, and just… breathe.

    This Summer, travel with intention

    Whether you’re staying north on principle or heading north for peace of mind, these places offer more than just postcard views. They’re reminders of what makes Canada special — friendly, grounded and quietly stunning.

    Quick border tips:

    • Bring a passport, NEXUS card, or enhanced ID if you’re American
    • Use Canadian dollars to get the best bang for your buck (and avoid awkward math at the till)
    • Respect local customs and signage — especially bilingual ones in Quebec
    • Travel insurance: still smart. Even for weekenders

    The bottom line

    Travel doesn’t have to mean flying thousands of miles or checking into high-priced resorts. Sometimes, the best escapes are just across the line—or right on your doorstep. Whether you’re opting out of the current chaos or opting into some fresh air and perspective, Canada’s borderland gems are ready to welcome you — with open arms, great coffee, and probably a kayak rental.

    This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

  • ‘It’s devastating’: Thousands of Utah families are losing their food stamps to scammers — here’s how to protect your SNAP benefits

    ‘It’s devastating’: Thousands of Utah families are losing their food stamps to scammers — here’s how to protect your SNAP benefits

    Tiffany Wirtz was counting on her SNAP (Supplemental Nutrition Assistance Program) benefits to help her get through the month.

    But when she went to buy groceries in February her account had already been emptied, reports KSL TV 5. The money was spent at a business in New York, leaving her with just $1.30 to feed herself and her 12-year-old son for an entire month.

    “It doesn’t make any sense why you would take from people that already are struggling. We’re already barely keeping our heads above water just in our daily life.” Wirtz told reporters. “And then just a hit like that is… it’s devastating, really.”

    She’s far from alone. According to the Utah Department of Workforce Services, an average of 700 reports of stolen EBT benefits were filed each month from October 2024 through January 2025.

    The problem peaked in December when more than 1,000 Utahns reported the theft of their SNAP benefits. These benefits are distributed monthly through an Electronic Benefits Transfer (EBT) card, which works like a debit card at authorized grocery stores and retailers.

    Don’t miss

    How does the scam work — and what are officials doing to stop it?

    Thieves often use skimming devices — small, hidden card readers attached to store card machines — to steal EBT card numbers and PINs.

    Some also use phishing texts or calls to trick recipients into revealing their card details. Once scammers have this information, they can clone the card and drain the account, often within hours of the monthly deposit being made.

    However, when EBT fraud occurs, victims have little recourse. The federal funds once used to reimburse stolen benefits ran out in December 2024, and the state has not stepped in to fill the gap.

    In a December memo, the U.S. Department of Agriculture told states they could use their own funds to replace stolen SNAP benefits. But Utah didn’t.

    “In order to be able to do that, the Department of Workforce Services would need to have funds,” said Kevin Burt, deputy director of the department. “And there were not funds approved to be able to issue that type of reimbursement.”

    Burt added that the department hadn’t requested those funds during the last legislative session because the deadline for funding requests came before officials realized the federal money would run out.

    Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan ‘works every single time’ to kill debt, get rich in America — and that ‘anyone’ can do it

    The USDA recently announced that states can now opt to upgrade their SNAP EBT cards to include chip technology, which could help deter card skimming. The federal government will reimburse states for half the cost of this upgrade. Utah officials say they’re exploring the option but haven’t committed to adopting chip cards yet.

    In the meantime, the Department of Workforce Services is working with its EBT card vendor to improve card security. But for some Utahns, the move is not enough and comes too late.

    “It’s not fair. It’s not our fault,” Wirtz said. “There should be some type of way for us to lock our card for us to protect ourselves.”

    How to protect your EBT/SNAP benefits

    Until more secure systems are in place, SNAP recipients must be vigilant about keeping their cards — and their benefits — secure. Here are a few ways to protect yourself from EBT fraud.

    Create a complex PIN and keep it a secret: Never share your card number or PIN with anyone who doesn’t live with you. At the store, cover the keypad when entering your PIN to keep prying eyes away.

    Watch for phishing attempts: State agencies will never call, text or email you asking for your PIN or full card number. Be cautious of messages asking for personal information, including emails and pop-ups on your computer.

    Change your PIN often: Consider changing your PIN monthly, right before your deposit hits. This can help prevent thieves from using stolen data to access your funds.

    Check your balance frequently: Monitor your EBT account for unauthorized charges or changes to your information. If you see any suspicious activity, change your PIN immediately and contact your local SNAP office.

    Report theft right away: If you think your benefits were stolen, contact your local SNAP office or the USDA Office of Inspector General. You should also consider filing a police report.

    For now, families like Wirtz’s are being forced to wait until the next month’s payment and rely on local food banks, which isn’t always enough. As discussions continue about card security upgrades and potential policy changes, victims need to stay wary and take precautions.

    What to read next

    This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

  • US shipbuilding sank as China became the dominant player — now Trump wants to ‘resurrect’ the industry and investors are betting on this one stock

    US shipbuilding sank as China became the dominant player — now Trump wants to ‘resurrect’ the industry and investors are betting on this one stock

    U.S. shipyards built thousands of cargo ships during World Wars I and II. In the 1970s, they built about 5-25 new ships per year. In the 1980s, this number fell to around 5 ships a year, and it has stayed there ever since, according to a 2023 Congressional Research Service report.

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    Meanwhile, China has rapidly grown its industry with government subsidies and state planning. It replaced South Korea to become the world’s leading shipbuilder in 2010, and currently builds hundreds of ships a year. Its market share went from less than 5% in 1999 to more than 50% in 2023, according to the U.S. Trade Representative (USTR), which said it was attained by unfair means and hurt American interests.

    China’s largest state-owned shipbuilder built more commercial vessels by tonnage in 2024 than the entire U.S. shipbuilding industry has built since the end of World War II, according to a recent report from the Center for Strategic and International Studies.

    The authors also highlighted the fact that this market dominance has been boosting the country’s navy. "Foreign companies are inadvertently helping to propel China’s naval buildup by buying Chinese-made ships and sharing dual-use technologies with Chinese shipyards," they wrote.

    But President Donald Trump says it’s finally time to "resurrect" America’s shipbuilding sector – and investors are already placing their bets on one company poised to benefit significantly.

    Trump’s promise

    In a recent address, Trump signed a bold executive order aimed squarely at reviving American shipbuilding. Central to this strategy is the establishment of an Office of Shipbuilding in the White House, tasked with streamlining policy, cutting red tape, and revitalizing domestic maritime production. Special tax incentives will also be offered.

    "We are also going to resurrect the American shipbuilding industry, including commercial shipbuilding and military shipbuilding," Trump said during his recent address to Congress. “We used to make so many ships. We don’t make them anymore very much, but we’re going to make them very fast, very soon, it will have a huge impact.”

    Adding teeth to this ambitious strategy, the U.S. Trade Representative (USTR) proposed steep penalties – up to $1.5 million per vessel – on Chinese-built ships docking at American ports. Any shipping firm with at least one order on the books for a vessel made in China would also have to pay a fee. These fees would apply to 90% of the world’s vessels, according to the World Shipping Council.

    However, after a backlash from various stakeholders, U.S. Trade Representative Jamieson Greer told lawmakers about the fees, "They’re not all going to be implemented. They’re not all going to be stacked."

    The message is clear: Trump intends to challenge China’s maritime dominance head-on, part of a larger conflict centered on trade.

    Skeptics of Trump’s plan suggest the available labor pool can’t address today’s demand – nevermind a new wave of building meant to counter China’s dominance. “We’re trying to get blood from a turnip,” Government Accountability Office analyst Shelby Oakley told ProPublica. “The domestic workforce is just not there.”

    Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan ‘works every single time’ to kill debt, get rich in America — and that ‘anyone’ can do it

    Investors eye a key stock

    Investors, sensing the shift in tides, are eyeing one company in particular as a way to seize on the renewed focus on shipbuilding: Huntington Ingalls Industries (HII).

    The Virginia-based shipbuilder is America’s largest military shipbuilding firm, renowned for constructing nuclear-powered aircraft carriers, submarines, and amphibious assault ships. HII is uniquely positioned to capitalize on Trump’s new maritime initiative.

    Following Trump’s announcement, Huntington Ingalls Industries, which reported $11.5 billion in revenue in 2024, saw its stock surge significantly.

    Investors have poured into HII, betting the company stands to gain tremendously from Trump’s shipbuilding push. HII stock is up 7% in the last month, reflecting growing investor enthusiasm and confidence in the company’s prospects. Goldman Sachs recently upgraded the stock from Sell to Buy and raised its price target from $145 to $234.

    But challenges still loom large on the horizon.

    Analysts caution that while Trump’s tariffs on Chinese vessels might seem like a decisive strike against foreign competition, they could inadvertently drive up shipping costs, impacting consumers through higher prices and potentially escalating trade tensions.

    Meanwhile, rebuilding America’s shipyards and skilled workforce will require substantial, sustained investment beyond short-term policy shifts.

    Despite these concerns, Trump remains bullish, and investors appear convinced that a revival is possible. Huntington Ingalls Industries stands ready to ride this wave of optimism and strategic backing.

    Whether or not Trump’s ambitious vision for American shipbuilding ultimately succeeds remains uncertain. Yet, there’s renewed enthusiasm for the U.S. maritime industry – enough to spark investor enthusiasm and potentially shift the balance of maritime power back toward American shores.

    What to read next

    This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

  • This Naples couple was duped into handing over $2M in gold: How to stay safe against precious metal scams

    This Naples couple was duped into handing over $2M in gold: How to stay safe against precious metal scams

    In a heartbreaking scam that’s left a Naples couple reeling, two fraudsters tricked the 72-year-old couple into handing over more than $2 million worth of gold.

    The ordeal has left the elderly couple shattered. The gold is nearly impossible to trace, making it unlikely they will get their stolen assets back.

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    “They took money from their accounts and purchased gold,” Lt. Bryan McGinn of the Naples Police Department explained to Gulfcoast News Now, “Once they had the gold, the fraudsters sent a courier to pick it up, telling the victims that the gold would be safely stored and eventually returned to them.”

    For several months, the couple was under the impression that the gold was being safely held and stored. Later, they discovered they had been duped and contacted local authorities for help. By then, the fraudsters had vanished with their precious assets.

    Couple duped into believing gold was safely stored

    According to McGinn, the scam began when the couple was contacted multiple times by the fraudsters.

    The scammers claimed they had a warrant for the couple’s arrest and threatened they would be detained unless they purchased gold and handed it over. They were instructed to buy gold in coins or small bars, with the promise that it would be safely stored and returned later.

    Authorities intercepted Soyeb Rana, one of the suspects, as he arrived to pick up gold from the couple. He faces several charges, including conspiracy, scheme to defraud, fleeing and eluding, and possession of marijuana.

    “This is a sad situation,” McGinn said, offering advice to others who might find themselves in similar circumstances. “Law enforcement is never going to request money. There’s never going to be an exchange of assets for your freedom or anything like that in this country. Just take a second, take a breath, contact local law enforcement. And we don’t mind figuring out together whether something is legitimate or not.”

    The arrest is a step forward in the case, but the recovery of the gold remains unlikely.

    With precious metals frauds like this on the rise, here are some tips to keep your assets protected.

    Top red flags to look for with precious metal frauds

    The precious metals sector has become a magnet for scams. Gold, silver and other precious metals often bring out the worst in fraudsters who target unsuspecting investors. Whether you’re a seasoned investor or just beginning to explore this market, stay vigilant so you don’t fall for scams. Here’s how you can spot the warning signs of potential fraud and take steps to safeguard your investments.

    Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan ‘works every single time’ to kill debt, get rich in America — and that ‘anyone’ can do it

    Be wary of high-pressure sales tactics

    If you’re being rushed into making a decision without time to think, that’s a huge red flag. You might hear phrases like “this deal won’t last long” or “you need to act now.” Legitimate dealers, on the other hand, will give you time to research and consider your options. Be wary of any dealer or salesperson who guarantees profits or pitches an investment opportunity that seems too good to be true. While precious metals can be an effective hedge against inflation and market volatility, no investment is risk-free, and no one can guarantee returns. If someone claims they can, it’s almost certainly a scam.

    Avoid unlicensed or unregulated dealers

    Before you buy, ensure the company or individual you’re dealing with is properly licensed and regulated by government bodies like the Commodity Futures Trading Commission (CFTC) or the Securities and Exchange Commission (SEC). Research the company thoroughly, check reviews on trustworthy sites like the Better Business Bureau (BBB) and consult a financial advisor before you make big decisions.

    Always ask for documentation

    Every precious metals transaction should include a receipt, contract, or invoice. Be sure to read everything carefully and never sign anything you don’t fully understand. Some scams also involve too much focus on the physical possession of metals. While it’s common for investors to want to hold their gold or silver, some shady dealers push the idea that physical possession is the only way to safely store your investment. Legitimate dealers typically recommend secure, regulated storage options to ensure your assets are well-protected.

    Steer clear of unsolicited calls

    If you’ve received an unsolicited call, email, or social media message offering an "exclusive" investment opportunity, that’s another potential red flag. Scammers often reach out cold, offering deals that seem too good to pass up, or in the case of the Naples couple, scaring them into acting in a hurry. Scams like this are unfortunately on the rise, but the more you know, the better equipped you’ll be to avoid being a victim.

    What to read next

    This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

  • ‘You’re running out of time’: More than a million Americans may be missing a $1,400 stimulus check — here’s how to find out if you’re one of them before it’s too late

    ‘You’re running out of time’: More than a million Americans may be missing a $1,400 stimulus check — here’s how to find out if you’re one of them before it’s too late

    Get ready to circle your calendars and dig out your tax documents — April 15 is more than just Tax Day this year.

    The Internal Revenue Service (IRS) has set the deadline for taxpayers to file their 2021 return and unlock a potential refund — including up to $1,400 in unclaimed stimulus payments from the third round of COVID-19 economic relief.

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    The Recovery Rebate Credit — part of the pandemic-era economic impact checks — remains available to those who never received one and have yet to submit a 2021 return.

    Under IRS rules, taxpayers have a three-year window to file and claim any refund they’re owed. Once that window closes, the opportunity — and the money — vanishes into federal coffers.

    “If you didn’t get the stimulus, you’re running out of time,” Syracuse University law professor Robert Nassau told CNBC in an interview.

    If you’re one of those people, here’s what you need to know and what you can do before April 15.

    What is the relief?

    The American Rescue Plan Act, introduced by former President Joe Biden, delivered widespread financial relief during the height of the COVID-19 pandemic. However, a significant portion of its benefits remains unclaimed. Despite efforts to distribute stimulus payments, expand unemployment benefits and support small businesses and local governments, many eligible individuals were inadvertently left out.

    According to the IRS, approximately one million taxpayers missed out on claiming certain credits — largely due to filing errors, confusion over eligibility requirements or simply not realizing they qualified. In total, an estimated $2.4 billion in relief remains unclaimed.

    “Looking at our internal data, we realized that one million taxpayers overlooked claiming this complex credit when they were actually eligible," IRS Commissioner Danny Werfel said in a recent statement. The combination of the credit’s complexity and a general lack of awareness has left substantial aid on the table — money that could still be recovered by those who take the necessary steps.

    Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan ‘works every single time’ to kill debt, get rich in America — and that ‘anyone’ can do it

    What can you do now?

    Eligible taxpayers don’t need to lift a finger to receive the latest stimulus check — the IRS began issuing payments automatically in December, via direct deposit or paper check, and continued through late January. Notification letters were sent by mail.

    However, if you didn’t file your 2021 tax return, you may not have received the payment. The IRS uses 2021 returns to determine eligibility. So if yours is missing, your stimulus payment might be too. Fortunately, free filing options are available, including those accessible through the IRS website.

    Even individuals with little or no income in 2021 are encouraged to file. All that’s required is a valid Social Security number and that you weren’t claimed as a dependent on someone else’s return.

    What to read next

    This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

  • Here’s how much the average 60-year-old American has saved for retirement — and 4 ways you can secure your nest egg

    Here’s how much the average 60-year-old American has saved for retirement — and 4 ways you can secure your nest egg

    We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links.

    One in five Americans over the age of 50 have no retirement savings, according to a survey by the AARP.

    And even if you have something tucked away, it may not be enough — though that is something you can change even late in the game.

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    According to The Federal Reserve, the median retirement savings for households with members between ages 55 and 64 is around $185,000 – likely not enough for a comfortable retirement.

    It’s never too late to ramp up your retirement savings — so here are four tips to secure your nest egg.

    Review your investing strategy with a pro

    You don’t have to navigate your retirement savings alone. People who work with financial advisors see a 3% increase in net returns, according to a report from Vanguard.

    There are free online services that are designed to match you with experienced financial advisors who can assess your financial situation and tell you if you’re on the right track for retirement.

    Advisor.com, for example, is an online platform that simplifies the process of finding a financial advisor you can trust. They match you with several vetted fiduciary advisors who are evaluated based on their credentials, education, experience and pricing.

    How it works

    Three easy steps to get matched with a financial advisor.

    • Step 1: Answer a few quick questions about yourself and what you would like help with.

    • Step 2: Advisor.com will match you with a vetted advisor who can provide you with a personalized plan to meet your financial goals.

    • Step 3: Book a free, no-obligation consultation to confirm if your match is right for you.

    Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan ‘works every single time’ to kill debt, get rich in America — and that ‘anyone’ can do it

    Protect your retirement fund with a gold IRA

    With the economy in such a volatile state amid high inflation and stock market uncertainty, your 401(k) or IRA — and your retirement itself — could be at risk.

    A Gold IRA is a great alternative to protect and grow your nest egg. Unlike the U.S. dollar, which has lost 87% of its purchasing power since 1971, gold’s purchasing power tends to remain stable over time.

    Gold is regarded as a hedge against inflation for a simple reason: It can’t be printed out of thin air like fiat money.

    The enthusiasm of investors has indeed propelled the price of gold to record levels with the precious metal recently surging past the $2,700 per ounce mark.

    So what better asset to help bolster your retirement savings?

    Opting for a gold IRA gives you the opportunity to hedge against market volatility by allowing you to invest directly in physical precious metals rather than stocks and bonds.

    Priority Gold is an industry leader in precious metals, offering physical delivery of gold and silver. Plus, they have an A+ rating from the Better Business Bureau and a 5-star rating from Trust Link.

    If you’d like to convert an existing IRA into a gold IRA, Priority Gold offers 100% free rollover, as well as free shipping, and free storage for up to five years. Qualifying purchases will also receive up to $10,000 in free silver.

    To learn more about how Priority Gold can help you reduce inflation’s impact on your nest egg, download their free 2025 gold investor bundle.

    Automatically invest your spare change

    You don’t always have to put away large sums to move toward your retirement goals. Ten dollars a week could make a difference – if you’re smart about what to do with your spare change.

    When you make a purchase on your credit or debit card, Acorns automatically rounds up the price to the nearest dollar and places the excess — the coins that would wind up in your pocket if you were paying cash — into a smart investment portfolio.

    Let’s say you purchase a doughnut for $2.30. Before you’re done licking the sugar off your fingers, Acorns will round the amount to $3.00 and invest the 70-cent difference for you.

    Look at this math: $2.50 worth of daily round-ups add up to $900 per year — and that’s before your savings earn money in the market.

    Plus, if you sign up now, you can get a $20 bonus investment.

    Find additional sources of passive income

    Real estate is an asset class that has historically been reserved for investors with a lot of capital.

    You can tap into this market by investing in shares of vacation homes or rental properties through Arrived.

    Backed by world-class investors including Jeff Bezos, Arrived allows you to invest in shares of vacation and rental properties, earning a passive income stream without the extra work that comes with being a landlord of your own rental property.

    To get started, simply browse through their selection of vetted properties, each picked for their potential appreciation and income generation. Once you choose a property, you can start investing with as little as $100, potentially earning quarterly dividends.

    What to read next

    This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

  • ‘It’s sad’: Florida’s condo fee crisis could trigger the ‘next wave of homeless people’ in the state, says one representative — with seniors on fixed incomes at highest risk

    ‘It’s sad’: Florida’s condo fee crisis could trigger the ‘next wave of homeless people’ in the state, says one representative — with seniors on fixed incomes at highest risk

    We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links.

    A new building safety law that was passed in the wake of the Surfside tragedy in Florida has resulted in a tremendous amount of financial pressure on condo owners. Now, one state lawmaker warns it could prompt the "next wave of homeless people," with elderly residents living on fixed incomes at the forefront.

    The law requires associations for condos three stories or higher to fully fund their maintenance reserves. Previously, they could waive filling these reserves, which potentially allowed damage to build up over decades. It’s also mandatory for buildings at least 30 years old to undergo structural assessments and address any critical issues. Many owners have blamed these rules for adding upwards of tens of thousands of dollars in new fees.

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    Rep. Mike Caruso rang the alarm after the issue was dropped from a special session in January.

    "It’s sad, and we’re not going to address it here in the Florida House," Caruso told the Miami Herald. "I’m shocked by it."

    Here’s what has Caruso concerned about elderly condo owners.

    New building safety law

    In 2021, 98 people died when Champlain Towers South, a 12-story condominium in the Miami suburb of Surfside, partially collapsed. Legislators rushed to pass safety reforms and a new bill was signed into law.

    But there was a problem. Many condo associations were short on reserve funds. This means that the costs for now-mandatory inspections and repairs were passed on to unit owners. These extra fees, or special assessments under Chapter 718 of the Florida Statutes, are typically levied in addition to existing fees.

    Seniors on a fixed income are especially vulnerable to sudden maintenance fee increases. This is even more true for seniors still paying off a mortgage on their condo. What’s more, Florida has one of the highest proportions of Americans over 65 in the country at 21.70% of the population, according to the U.S. Census Bureau.

    Taken together, this can put seniors on a fixed income in dire straits.

    Downsizing to a smaller place or refinancing the mortgage rate on your current home could be challenging in this economy — with 30-year fixed-rate mortgages hovering at 6.67% as of March, 2025.

    Shopping around for mortgage rates can help you find the lowest rate possible or negotiate better terms with lenders. Those who received two or more quotes from lenders saved, on average, up to $76,410 over the lifetime of a 30-year fixed-rate mortgage, according to a 2024 study from LendingTree.

    If you bought your home when mortgage rates were hovering around 23-year highs of 8% or have built up better credit, refinancing your loan could potentially result in lower payments.

    You can find the lowest refinancing rates near you or shop around for a mortgagethrough Mortgage Research Center.

    The process is simple: answer a few questions about yourself and the type of property you wish to refinance or buy, and Mortgage Research Center will match you with vetted lenders best suited to your needs.

    Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan ‘works every single time’ to kill debt, get rich in America — and that ‘anyone’ can do it

    Another source of financial stress

    Florida, which is prone to natural disasters, is also facing an insurance crisis. Prominent home insurance providers like Farmers, AAA, and Progressive have been steadily reducing or permanently shutting down operations.

    Home insurance prices in Florida are among the highest in the nation. The average annual premium for a $300,000 dwelling in the state was $5,340 as of March 24, nearly two-and-a-half times the national average of $2,242, according to Bankrate.

    But this doesn’t mean you can’t get affordable insurance coverage for your home.

    OfficialHomeInsurance.com is an online marketplace that lets you compare rates offered by leading aggregators near you for free. A side-by-side comparison of insurance premiums and other features can help you save up to $482 a year on average.

    After entering basic details about yourself and your home, OfficialHomeInsurance will sort through its database of over 200 insurance companies and display the best deals for you.

    From here, you can find the lowest home insurance rates available in only minutes.

    What to read next

    This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

  • Want to build billionaire habits? Here’s what Canada’s wealthiest are buying — and how you can invest like them

    Want to build billionaire habits? Here’s what Canada’s wealthiest are buying — and how you can invest like them

    This year, the Forbes Billionaires List revealed a staggering 3,028 billionaires worldwide, their combined wealth surging by nearly US$2 trillion. Among them, over 60 are proud Canadians, hailing from diverse sectors like technology, media and retail.

    Names such as crypto pioneer Changpeng Zhao, media magnate Sherry Brydson, tech visionary David Cheriton, Shopify founder Tobi Lütke and Lululemon founder Chip Wilson grace the prestigious list.

    While their paths to immense wealth vary, a closer look at how they deploy their capital can offer valuable insights for investors at any level. The truth is, you don’t need a billion-dollar portfolio to start adopting a billionaire mindset when it comes to investing.

    What billionaires invest in

    Peeking into the investment portfolios of billionaires isn’t always straightforward as exact holdings remain private.

    However, we can glean information from various sources.

    When examining successful investment firms, you can gain valuable insights into their strategies by reviewing their SEC filings for U.S. stock holdings. This is particularly true for notable investors like Prem Watsa of Fairfax Financial, who has earned the nickname "Canada’s Warren Buffett," and the investment approach of Jarislowsky Fraser, founded by the late Stephen Jarislowsky.

    For others, their investment focus is often closely tied to the companies they founded or back. David Cheriton’s long-standing investment in Google (now Alphabet), Chip Wilson’s continued connection to Lululemon and Tobi Lütke’s leadership stake in Shopify are prime examples. Public moves, such as significant share buybacks in their own companies or notable asset shifts can also provide clues.

    Some common investment patterns emerge among Canadian billionaires. The technology sector is a recurring theme. Real estate is another popular asset class. Private equity, offering access to potentially high-growth businesses before they go public, also features prominently. Plus, some billionaires also utilize Exchange Traded Funds (ETFs) for diversification. While some may have allocations to more speculative assets like cryptocurrencies, a significant portion of their wealth tends to be anchored in more traditional and established asset classes.

    How to invest like a billionaire — on a regular budget

    The good news is that you don’t need a nine-figure net worth to mirror a billionaire’s investment strategy. Here’s how:

    • Gain tech exposure: You can mirror the tech focus of many billionaires by investing in broad-based technology ETFs. Consider options like the Invesco QQQ (QQQ), the Vanguard Information Technology ETF (VGT), or the iShares S&P/TSX Capped Information Technology Index ETF (XIT). All of which give investors tech exposure to companies such as Shopify and Google.
    • Explore real estate: While owning commercial real estate might be out of reach, Real Estate Investment Trusts (REITs) offer a more accessible entry point. REITs like Granite REIT, which focuses on industrial properties, or Crombie REIT, with a portfolio of retail and mixed-use properties, allow you to invest in real estate and earn regular income through dividends without the complexities of direct ownership.
    • Consider private equity alternatives: Traditionally exclusive, the private equity space is becoming more accessible. Platforms like Wealthsimple Private Credit or Addy allow everyday Canadians to invest smaller amounts in private credit or real estate projects.

    Related read: Best Canadian tech stocks

    Beyond specific asset classes, a key takeaway from billionaire investing is the emphasis on the long term. Billionaires typically aren’t day traders glued to market fluctuations. Using tools offered by platforms such as Questrade and Wealthsimple, you can automate your investments through regular contributions, fostering a disciplined, long-term approach.

    The mindset that matters most

    Ultimately, the billionaire approach to investing isn’t just about what they buy, but how they think about wealth. Their focus is on owning assets that appreciate over time, generating wealth through equity and ownership in businesses and real estate, rather than solely relying on earned income.

    Several timeless principles underpin this mindset:

    • "Time in the market beats timing the market": Billionaires understand the power of long-term compounding and avoid trying to predict short-term market swings.
    • “Be greedy when others are fearful, and fearful when others are greedy,”: Many successful investors, such as Warren Buffett, adopt a contrarian approach, identifying opportunities when others are fearful and exercising caution during periods of excessive buying.
    • Invest in what you know: While they diversify, billionaires such as Peter Lynch often have significant holdings in sectors or companies they deeply understand, sometimes stemming from their own business ventures.

    You don’t need billions to build wealth

    The scale at which billionaires operate is vastly different, certainly. Yet the fundamental principles and strategies are accessible. By focusing on long-term growth, diversifying strategically (even with ETFs), and adopting a mindset of ownership, you can begin to build wealth regardless of your current net worth.

    You may not be on the Forbes list (yet), but you can start thinking, and investing, like someone who is.

    Sources

    1. Forbes: World’s Billionaires List

    This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

  • Dave Ramsey ranted about 3  ‘illogical’ money mistakes Americans make that ‘baffle’ him — here’s how you can avoid these common financial errors

    Dave Ramsey ranted about 3 ‘illogical’ money mistakes Americans make that ‘baffle’ him — here’s how you can avoid these common financial errors

    We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links.

    Across 32 years of giving people financial advice on the airwaves, Dave Ramsey has probably seen it all. But on an episode of "The Ramsey Show" earlier this year, he called out financial mistakes callers frequently make as “Dumb! Really dumb!”

    He added: “These things baffle me, that’s why I’m hitting them,” he said. “Because they’re just illogical.”

    However, some argue that economic and social trends may have made some of these mistakes unavoidable. Here’s a closer look at three of Ramsey’s top “dumb” money mistakes and why they’re so common.

    Don’t miss

    1. Co-buying property

    Ramsey despises the prospect of buying property with anyone besides a spouse. He advises against this even in long-term relationships.

    This advice is rooted in the fact that separating assets between an unmarried couple can be complicated. They do not always share the same property rights as married couples.

    However, the housing crisis has pushed more people to consider co-ownership of property. A report by Co-Buy, a platform that helps multiple buyers share a property, says 26.7% of home purchases in 2023 were co-purchases, while 30% of those co-purchases were completed by unmarried couples.

    If you’re not in a position to purchase a home — whether on your own or with a spouse — you can still take advantage of real estate’s income-generating potential.

    You can tap into this market by investing in shares of vacation homes or rental properties through Arrived.

    Backed by world-class investors including Jeff Bezos, Arrived allows you to invest in shares of vacation and rental properties, earning a passive income stream without the extra work that comes with being a landlord of your own rental property.

    To get started, simply browse through their selection of vetted properties, each picked for their potential appreciation and income generation. Once you choose a property, you can start investing with as little as $100, potentially earning quarterly dividends.

    Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan ‘works every single time’ to kill debt, get rich in America — and that ‘anyone’ can do it

    2. Wasteful spending on education

    Investing in your education, Ramsey believes, should yield higher earnings. Otherwise it’s a wasted pursuit.

    "Don’t spend $250,000 getting a master’s degree in sociology so you can be a caseworker for the state making $38,000," he said.

    He believes students should realistically consider their career prospects and future earnings before going into debt for college.

    You can also minimize the impact of paying for education by saving up for it ahead of time — whether for yourself or for your children — by using a high interest savings vehicle such as a certificate of deposit or other high-yield savings account.

    A certificate of deposit (CD) pays a fixed interest rate on money held for a set period of time. CD rates are usually higher than other savings accounts, but if you withdraw your CD funds early, you’ll be charged a penalty fee.

    But since this is a long-term savings play for your or your kid’s education, they are a strong option you’ll be less tempted to dip into.

    If you’re looking for safe, high-return options, certificates of deposit (CDs) are a great choice, and SavingsAccounts.com makes finding the best ones easy. Their comparison platform provides real-time data on CD rates and terms from various banks, offering tailored recommendations to maximize returns.

    Ideal for conservative savers and long-term planners, this tool simplifies the decision-making process, helping you grow low-risk, high-return investments without the stress.

    One thing to note about CDs: If you withdraw the money before the end of the term, you’re likely to face penalty fees.

    For those who already have student debt, it can be a daunting task to tackle it. Americans are collectively sitting on $1.6 trillion in student loan debt.

    If you’re in this boat, it is possible to make that debt pile more surmountable by refinancing your student loans. Through Credible — an online marketplace of vetted lenders — you can browse the best personal loan rates for you and opt to consolidate your student debt.

    With interest rates as low as 3.85% and repayment schedules ranging from 24 to 84 months, you’ve got time and flexibility.

    3. Upgrading cars

    Ramsey says a totaled car is not a reason to upgrade.

    “You were driving a $6,000 car,” he said. “Your car gets totaled, you get a check for $6,000 and, suddenly, $6,000 cars aren’t good enough for you. That’s dumb!”

    However, the high cost of vehicles could make this financial error difficult to avoid. The average cost of a new car in May was $48,389, according to the Kelley Blue Book, while the average used-car listing price was $25,670.

    If the cost of a new or used car has you worried, you can save on auto expenses by finding better car insurance rates using OfficialCarInsurance.

    Simply fill in a bit of information about yourself and OfficialCarInsurance will generate a list of the most affordable car insurance options near you so you can ensure you’re getting the lowest price for the coverage you need.

    What to read next

    This article provides information only and should not be construed as advice. It is provided without warranty of any kind.