Warren Cohen, Author at The Financial Wire

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About 3.2 million retired teachers, police and firefighters are getting bigger Social Security checks, roughly $360 more a month, after Congress dropped two old penalties.

Warren Cohen1 month ago1 month ago010 mins

Retired teachers, police officers, and firefighters across the country are receiving larger Social Security checks after Congress eliminated two penalties that had reduced or wiped out benefits for public-sector retirees with non-covered pensions. The Social Security Administration (SSA) reported that it has completed over 3.1 million payments totaling $17 billion under the new law, finishing…

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Two men were sentenced this month, one to more than 11 years, for a scheme that cheated thousands of investors out of tens of millions.

Warren Cohen1 month ago1 month ago09 mins

Neil Suresh Chandran will spend the next 136 months in federal prison after a judge sentenced him and co-defendant Bryan Lee on the same day for running a fraud operation that stole tens of millions of dollars from thousands of investors between 2018 and 2022. Lee received 36 months. The two men used shell companies,…

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A California man was sentenced to 78 months for a decade-long scheme that cheated seven banks out of about $39 million.

Warren Cohen1 month ago1 month ago010 mins

Gary Topolewski, a 64-year-old from Northridge, California, will spend the next six and a half years in federal prison after a judge sentenced him to 78 months for a bank fraud scheme that stretched nearly a decade and drained more than $39 million from seven financial institutions. The sentence also includes three years of supervised…

Original Medicare pays 80% of your doctor bills and leaves you the rest, with no yearly limit on what you can owe.

Warren Cohen1 month ago1 month ago08 mins

Millions of Americans enrolled in Original Medicare face a cost-sharing structure that has no annual ceiling on out-of-pocket spending. Federal law sets the familiar 80/20 split for most Part B services, but the 20 percent that beneficiaries owe has no built-in cap. As approved charges for medical care rise year after year, that uncapped coinsurance…

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Washington has repaid importers about $86 billion of the tariffs courts struck down, and one estimate puts the final bill near $175 billion.

Warren Cohen1 month ago1 month ago09 mins

Importers who overpaid tariffs later ruled illegal are now receiving billions in refunds from the federal government, and the final price tag keeps climbing. About $86 billion has already been returned, according to federal processing records, while Senate Democrats estimate the total liability at roughly $175 billion. The gap between what has been paid back…

7 November 2018; Ray Dalio, Bridgewater Associates on Centre Stage during day two of Web Summit 2018 at the Altice Arena in Lisbon, Portugal. Photo by David Fitzgerald/Web Summit via SportsfilePhoto by David Fitzgerald /Sportsfile

Ray Dalio says his bubble gauges sit near 2000 and 1929 levels.

Warren Cohen1 month ago1 month ago09 mins

Ray Dalio told Bloomberg Television on June 3, 2026, that his firm’s proprietary bubble indicators are approaching the extremes last seen before the 1929 stock market crash and the Nasdaq collapse of April 2000. Bridgewater Associates’ aggregate bubble gauge sat at roughly the 77th percentile, and its price gauge registered near the 82nd percentile, both…

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Next year’s Social Security raise is tracking near 3.8%, about $74 more a month.

Warren Cohen1 month ago1 month ago09 mins

Roughly 73 million Americans who receive Social Security checks could see their monthly payments rise by about $74 next year, based on early consumer price readings that put the 2027 cost-of-living adjustment on track near 3.8 percent. That would represent a meaningful jump from the 2.8 percent raise that took effect with December 2025 payments,…

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Medicare Advantage plans denied about 1 in 13 care requests in 2024.

Warren Cohen1 month ago1 month ago09 mins

Medicare Advantage plans rejected roughly one in 13 requests for prior authorization of care in 2024, according to contract-level data collected by the Centers for Medicare and Medicaid Services. Federal audits have repeatedly found that some of those denials blocked care that actually met Medicare coverage rules, and that plans reversed nearly all denials when…

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The FTC is refunding $672,000 to more than 9,000 people misled online.

Warren Cohen1 month ago1 month ago09 mins

More than 9,000 people who paid for facemasks and other protective equipment during the COVID-19 pandemic and never received what they were promised are now getting their money back. The Federal Trade Commission is mailing 9,419 checks totaling more than $672,000 to consumers who were misled by the online marketer Trend Deploy, operated by Frank…

Delaying Social Security past full retirement age adds about 8% a year, up to 70.

Warren Cohen1 month ago1 month ago010 mins

Workers approaching retirement age stand to gain as much as 32% in higher monthly Social Security benefits by waiting until 70 to claim, a decision that hinges on a simple but powerful formula: for people born in 1943 or later, each year of delay past full retirement age adds 8% to the monthly check. The…

Warren Cohen

Two men were sentenced this month, one to more than 11 years, for a scheme that cheated thousands of investors out of tens of millions.

A California man was sentenced to 78 months for a decade-long scheme that cheated seven banks out of about $39 million.

Original Medicare pays 80% of your doctor bills and leaves you the rest, with no yearly limit on what you can owe.

Washington has repaid importers about $86 billion of the tariffs courts struck down, and one estimate puts the final bill near $175 billion.

Ray Dalio says his bubble gauges sit near 2000 and 1929 levels.

Medicare Advantage plans denied about 1 in 13 care requests in 2024.

The FTC is refunding $672,000 to more than 9,000 people misled online.

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