Broke and in debt $137K, North Carolina man, 65, gets a harsh dose of reality from Ramsey if he wants to retire debt-free — here’s how he could do it
Mark from North Carolina is 65 — but he’s not retiring any time soon because he’s made “absolutely horrible decisions with money all my life.” He told The Ramsey Show that his wife has about $10,000 in a 401(k) and he has “maybe a couple thousand” in savings. [1] Their total debt includes a $115,000 […]
A whopping 350,000 Americans are now facing a steep deadline as this 1 state unpauses unemployment clawbacks — here’s what to do if it happens to you
Unemployment insurance clawbacks are moving ahead in Michigan, affecting about 350,000 workers with overpayments dating back five years. Most of those affected filed claims in 2020 and 2021 during the height of the COVID-19 pandemic [1]. At the time, benefit claims surged nationwide — including a wave of fraudulent filings — overwhelming the system. Later, […]
Caleb Hammer refuses to agree ‘girl math’ is behind Florida entrepreneur’s debts, drained life savings — how to avoid 4 major business miscalculations
Mackenzie, 26, from Melbourne, FL, works “four or five” jobs and side hustles. She considers herself an entrepreneur, but she’s drained her retirement savings and emergency fund — racking up thousands of dollars in debt — in the process. Must Read Thanks to Jeff Bezos, you can now become a landlord for as little as […]
Trump’s new law set for next year will leave you paying taxes on gambling losses — here’s why lawmakers are fighting it, saying it would be a mistake
Rolling the dice just got a whole lot riskier under President Donald Trump’s One Big Beautiful Bill. A few short lines in the 940-page bill could have an oversized impact on the gambling and sports betting industry. The bill, which was signed into law in July, goes into effect next year. Must Read Thanks to […]
I’m 62 and not ready to retire, but I’m over working full-time. If I can persuade my boss to make me part-time, how do I make sure I can afford it?
Imagine this scenario: Tracey from Philadelphia is going on 62, and while her friends are talking about retirement, she’s not quite ready to walk off into her golden years just yet. She loves having structure and purpose to her days, as well as the mental challenge of work. Since she’s divorced and her adult children […]
Americans have abandoned as many as 31.9 million 401(k) accounts — with average balances of $66,691. What to do if you’ve lost track of your savings
If you’ve switched jobs, what did you do with your 401(k)? If you don’t remember, or if it’s still with your previous employer, you may be leaving hard-earned cash on the table. More than half (54.3%) of working-age American families had a retirement account with a median value of $86,900, according to 2022 data from […]
Some employers are giving RTO workers the option to take a severance package instead — but there’s a major catch. Would you take it anyway?
So much for the Great Resignation and quiet quitting — it’s no longer an employee’s market. And that’s being reflected in return-to-office (RTO) policies and severance packages. Many companies started offering flexible work arrangements, including remote and hybrid options, during the early days of the Covid-19 pandemic. But now, many of these same companies are […]
Millennial trio plans to profit off ‘authentic’ Malaysia properties they don’t own. Is it an ‘asset-light’ rental loophole or a risky hustle?
Maybe you have a business idea, but that business is too capital-intensive to get off the ground as a solo entrepreneur. An “asset-light” business model refers to entering into partnerships and outsourcing agreements to reduce a business’s need to own physical assets. Examples include Airbnb, which doesn’t own its properties, as well as Uber, which […]
Woman is disowning her ‘narcissist’ son — and wants to give $200K to his soon-to-be ex-wife. The Ramsey Show says he may claw the money back
When planning for the management of an estate, it’s fairly common for the process to bring up some difficult emotions, ones that can lead to tough decisions about legacy and family dynamics. Take Anna from Las Vegas, for example. Anna wants to disown her son, who’s been diagnosed as a narcissist. She has her assets […]
‘This is insanity’: Dave Ramsey told this Boston couple they should sell their stocks to pour $250,000 into their mortgage. Is that good advice?
Nick’s sitting on a classic money dilemma: take the $150,000 his wife has in a stock portfolio from her old job and knock down their mortgage, or stash it away as a safety net. The Boston couple is torn between peace of mind and the satisfaction of wiping out debt. Nick called into The Ramsey […]