Susan Tompor
Money Columnist at Detroit Free Press
See https://t.co/OZ6TM0vNoi for Susan Tompor columns. 2015 Loeb winner. Detroit Newspaper Guild. CPA Mom. Veteran of tug-of-war with a corgi.
Articles
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1 week ago |
freep.com | Susan Tompor
Do not click on the link as requested when you receive a text about an unpaid ticket or toll. It's likely a scam. Detroit has warned about fake texts involving unpaid parking tickets, too. Bogus notices about unpaid tolls ranked among the Top 5 text scams in 2024, according to the Federal Trade Commission. Folks, we found yet another takeoff of this summer's sizzling toll road scam.
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1 week ago |
freep.com | Susan Tompor
Fidelity reported that 512,000 savers were 401(k)-created millionaires in the first quarter, down about 4.6% from 537,000 in the fourth quarter of 2025. Most individuals continued to contribute to their retirement savings and continued to invest in stocks. Only 0.9% of 401(k) participants stopped contributing at all to a 401(k) plan in the first quarter, according to Fidelity.
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1 week ago |
yahoo.com | Susan Tompor
Alert to all new college grads: If you think you're too smart to get taken by a job scam, think again. The crooks are always a step ahead of us. And that same advice applies to anyone with years of experience who just lost a job and continues to look for work. In May, Amazon issued a wake-up call regarding scammers who were impersonating the tech giant.
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1 week ago |
usatoday.com | Susan Tompor
• The sweeping GOP tax bill calls for an above-the-line deduction of up to $10,000 in car loan interest during a given taxable year. You'd pay no tax on that interest, if you qualified. • The proposed tax deduction aims to drive sales of U.S.-built cars and trucks, fulfilling a campaign promise made in Detroit by President Donald Trump. If taxpayers actually end up seeing a new, proposed tax break on the interest borrowers pay on car loans, at least some can claim it all started in the Motor City.
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2 weeks ago |
naplesnews.com | C. A. Bridges |Susan Tompor
The U.S. Department of Education has restarted collection efforts on defaulted federal student loans after a pandemic-era pause. Up to 15% of Social Security benefits can be garnished for defaulted student loans, impacting approximately 425,000 individuals aged 62 and older. Borrowers in default can explore options like income-driven repayment plans, loan rehabilitation, or consolidation to avoid garnishment.
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