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 […]
‘Like I was in a movie’: North Korean agents infiltrated this Atlanta man’s business as ‘super-duper talented’ IT workers — then stole $1M in crypto
It sounds like the plot of an action-thriller, but for one Atlanta tech entrepreneur, an elaborate cryptocurrency theft involving North Korean assets became his reality. “It felt like I was in a movie,” Marlon Williams told Channel 2 News (WSB-TV). “That’s where we see these things, right?” Rather than a phishing scam with criminals pretending […]
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 […]
Spirit Airlines set to drop thousands of flight staff, cut down schedules around the holiday season, reports say. What this could mean for your plans
Spirit Airlines, which filed for bankruptcy for the second time in a year in August, will be furloughing 1,800 flight attendants as part of ongoing restructuring, effective Dec. 1, according to multiple news outlets. (1) The news comes after reports the budget airline would demote 140 pilots on Oct. 1 and furlough 270 pilots on […]
New father, 20, overwhelmed by $32K student debt and $21K car loan, fears bankruptcy — here’s the 1 thing Dave Ramsey says he can do to avoid it
If you’re deep in debt, at what point are you actually bankrupt? Before declaring bankruptcy, you have a few options to consider first. John, a 20-year-old from Nashville, is overwhelmed with debt. “I’m in so deep debt … to the point where I think I’m going to have to go bankrupt,” he told The Ramsey […]
I’m going on 62 and want to switch to part-time work in my current role before retiring. How can I make it work — and persuade my boss?
Imagine this scenario: Tracey from Regina 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. Mentally she’s still sharp as a tack. She loves having structure and purpose to her days, as well as the mental challenge of work. […]
Retiring at 60? Why your financial advisor says you need 30 years of savings — and what that really means for your future
These days, if you retire early, you could expect to live another 30 years — or even longer — in retirement. Take the hypothetical example of Dave, 50-year-old IT professional who wants to retire at 60. His financial advisor, after running several simulations, recommends that Dave have 30 years of savings set aside to cover […]
My father died 10 years ago and left his pension to me and my estranged brother. I just heard my brother has died — can I claim his share?
We’re in the midst of a great wealth transfer, with baby boomers expected to pass an estimated $106 billion to younger generations through 2048. But receiving an inheritance may prove complicated for some beneficiaries. (1) Only 44% of boomers have a will, according to Trust & Will’s 2025 Estate Planning Report. (2) Must Read Thanks […]
Indiana man fears if his mother-in-law moves in, her addiction will wreck his finances and family — Ramsey Show hosts give him 2 alternative solutions
An in-law moving in can strain familial relationships and cause financial stress — even more so if that in-law has a substance abuse problem. That’s the case for Tony from Indiana. His mother-in-law has sold her condo so she can pay off her debts, but she’ll only be left with a few thousand dollars. She […]
Robo vs. human advisors: Who builds you more wealth over time— and what hidden fees should you know about?
While robo-advisors still make up a small percentage of the asset management industry, they’re disrupting it with automated, low-cost solutions that appeal to digitally savvy investors. A robo-advisor is an automated investment service that can build and manage your portfolio — based on your goals and risk tolerance — using AI-based algorithms. Some services are […]