The FCC is considering reducing the cost of making phone calls from prison from $12 to just $1, making it more affordable for inmates to stay in touch with their loved ones. This move would help alleviate the financial burden on families who often struggle to pay for expensive prison phone calls. The proposed change could also help reduce recidivism rates by improving communication between inmates and their support systems.
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‘Forgotten’ 401(k) account fees can cost workers thousands in lost savings
With the rise of job hopping post-Great Resignation, the number of forgotten 401(k) accounts has surged to 29.2 million, totaling about $1.65 trillion in assets, according to Capitalize. Nearly half of employees leave funds in old plans, unaware of potential fees that can accumulate over time, which may lead to significant losses in retirement savings; 33% of workers opt to cash out despite tax penalties. To locate forgotten accounts, workers can utilize the Department of...
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