‘It wasn’t my mistake’: Ohio widow looking for answers after Social Security says it overpaid her $70K — and now they want it back. What to do if you spot changes in your benefit payments
Social Security has been under scrutiny now that the Department of Government Efficiency (DOGE) is digging into its finances. For this reason, Social Security is invested in recouping all of the money it can due to erroneous payments. Don’t miss I’m 49 years old and have nothing saved for retirement — what should I do? […]
I’m 22 and want to move out of my parents’ house, but I can’t afford rent because my car payments are too high — what can I do to lower my auto and living costs?
The past few years have been wrought with rampant inflation, and many Americans are having a hard time paying their bills. In a February CBS News and YouGov poll, 77% of Americans said their income isn’t keeping up with inflation. And a March survey from Equitable found that 80% of Americans across all income levels […]
I’m 58 and plan to retire in 5 years with a portfolio worth $2.5 million. I expect annual dividend income of $80K but worry this strategy too risky
Close to retirement with a nest egg of more than $2 million? No wonder you’re thinking about retiring! To put this in perspective, you’re 58 years old with a $2.5 million saved in an investment portfolio — this is more than four times the savings for the average Canadian. According to Statistics Canada, the average […]
Why is the 30% housing rule gross instead of net?: How to figure out the true cost of your housing and budget effectively without overextending yourself
It’s hardly a secret that home prices are soaring on a national scale. In February, the median existing-home sale price rose 3.8% to $398,400 on an annual basis, according to the National Association of REALTORS. Despite mortgage rates being elevated, consumers are continuing to purchase homes. And a limited inventory on a national scale is […]
‘Our house is destroyed’: Florida family home flooded with sewage after Pasco County mistake
It was an ordinary day for Pasco County, Florida resident Slawomir Odrzywolski. He had gone off to work on March 26 when he received a frantic phone call from his wife in the middle of the afternoon. "Our house is destroyed," she told her husband. Don’t miss I’m 49 years old and have nothing saved […]
Here’s how to erase your info from the internet for free — and stop ‘nefarious actors’ from stealing your identity, savings
It’s easy to think of identity theft as something that won’t happen to you. Unfortunately, it’s all too common — with a case reported every 22 seconds. Last year, the Federal Trade Commission (FTC) received more than 1.1 million online reports of identity theft, but the actual figures are more staggering than that. Don’t miss […]
‘A crisis on our hands’: California lawmakers scramble to find solutions for rising gas prices as departing oil refineries could cut supply by 20% — but some say it’s a ‘self-created’ problem
As of June 6, the average gas price in California for regular fuel was $4.72 per gallon, according to AAA, making it the most expensive place to fuel up in the country. However, Golden State drivers could be in for even more pain in the near future when it comes to paying for fuel. That’s […]
I’m 38 with bad credit and had financed a car for $15,000 at an eye-watering 14.89% APR — but I just got a call saying the loan went through incorrectly and my rate is now 15%. What do I do?
Financing a car at a high interest rate can be frustrating, but what’s even worse is being promised a specific rate through the car dealer and then being stuck with a different one. Don’t miss I’m 49 years old and have nothing saved for retirement — what should I do? Don’t panic. Here are 6 […]
Almost every millionaire in America owns these 5 simple things. You may have most of them already — and you could have them all
According to the Federal Reserve, the average net worth among U.S. households in 2022 was $1,063,700. However, the median net worth was only $192,900, which suggests that most Americans are not that close to being millionaires. That being said, millionaires tend to have similar money habits to everyday Americans that helped them get to where […]
‘I have two indoor outhouses’: Florida retiree says she’s flushing money down the drain on her new home with crappy plumbing — but the builder says there aren’t ‘any issues’ with the pipes
In theory, the advantage of a new-build home is that it’s in perfect shape when you buy it. That’s what motivated retired radio host Patty Wood to purchase a new Apollo Beach, Florida ranch home — recently constructed by D.R. Horton, a home builder with 45 years’ experience. Unfortunately, as Wood shared with ABC Action […]
