My dad, 75, only has $31K saved for retirement and he’s freaking out — how do I help him make the most of his $70K salary to save his retirement?
As of 2022, the typical American aged 75 and over had $130,000 in retirement savings, according to the Federal Reserve. However, Americans 65 to 74 had a median retirement savings balance of $200,000. The reason older people have less money may boil down to the fact that by age 75, a lot of people have […]
My partner and I are in our 30s and we just got married. I plan on selling my house and moving into my spouse’s home — but is selling the right move? If not, what are my options?
Sometimes, life comes at you fast. Whether you’re forced to relocate for work, are in the midst of a messy divorce or decide to downsize after the kids have flown the nest, you may suddenly face the prospect of selling your home. Let’s say, for example, that you’re in your early-30s and you’ve recently exchanged […]
‘That’s a weird thing to do’: Sacramento woman turns to ‘Ramsey Show’ after discovering her mother added her to a credit card account — what to do to protect your credit score
Sometimes, parents have a way of interfering with their children’ s lives — even when their kids are fully functioning, financially independent adults. Don’t miss I’m 49 years old and have nothing saved for retirement — what should I do? Don’t panic. Here are 5 of the easiest ways you can catch up (and fast) […]
I’m 62, and I’ve been working the last 43 years. I haven’t set a retirement date yet. How do I know when it’s the right time to pull the trigger?
The decision to retire is rarely an easy one. Giving up your career means more than just losing a steady paycheck — it can also mean giving up part of your identity and upending your routine. Don’t miss I’m 49 years old and have nothing saved for retirement — what should I do? Don’t panic. […]
This 82-year-old Orange County senior claims ‘wallet scam’ cost her $11,000 in cash — says she has trouble sleeping to this day. Here’s how the scheme ‘takes advantage’ of the unsuspecting
It’s unfortunately not uncommon for criminals to prey on older adults. The FBI reports that elder fraud complaints rose by 14% in 2023 and caused more than $3.4 billion in losses, with the average victim losing $33,915. Don’t miss I’m 49 years old and have nothing saved for retirement — what should I do? Don’t […]
This Miami senior, 76, can’t prove she was ever born in America — and her segregation-era birth has trapped her in driver’s license limbo. What to do if you miss the Real ID deadline
Janette Gantt Palmer was born at home in 1949, during segregation in Aiken County, South Carolina. Because of this, she was never issued a birth certificate. Now, at 76 years old, Gantt Palmer is trying to renew her driver’s license, and she’s hitting a roadblock. Don’t miss I’m 49 years old and have nothing saved […]
‘Chaotic and confusing’: How the latest ‘emergency message’ from Social Security will impact beneficiaries who were overpaid — plus what you can do to protect yourself from future shocks
Think Social Security is a sure thing? Between 2015 and 2022, the government mistakenly shelled out nearly $72 billion, and now it wants that money back, even if the error wasn’t your fault. To that end, the Social Security Administration (SSA) is going after overpayments more aggressively. In March, it announced plans to withhold 100% […]
Something is rotten in the state of Florida’s orange industry — hurricanes, disease and population boom are killing it, and your grocery bill could be the next victim
If there’s one agricultural staple Florida is known for, it’s oranges. Polk County, Florida, houses more acres of citrus than any other county in Florida. But in 2023, more people moved to Polk County than any other county in the country, leaving less room for citrus growers to do what they do best. Don’t miss […]
I just inherited $10,000 — but all I’m hearing these days is the US is headed for a recession. Should I use the cash to pay off my $9,000 credit card debt or keep it for my emergency fund?
If you’re worried about a near-term recession, you’re certainly not alone. According to an April survey conducted by business outlet Chief Executive, American CEOs revealed their take on the current economy, and it found that 62% now anticipate a slowdown or recession in the next six months — up from 48% in March. Part of […]
I’m 63 and ready to retire — but I also need to move closer to a sick relative. Is retiring and moving at the same time a recipe for disaster?
It’s a pretty common thing to move in order to be closer to family, and U.S. Census Bureau data reveals that more than a quarter of movers relocated due to family-related reasons. Moving is also a major life change — as is retirement. But doing both simultaneously? That could really throw you for a loop. […]
