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 […]
Wisconsin man’s estranged sister suddenly wants back into the family after mom’s death — but Dave Ramsey questions her motives for mending fences
About a year ago, Cody’s mother passed away from cancer. Cody has two sisters, and his older sister was left out of the will because she “stepped away from the family” for close to 10 years. Now she wants back into the family — but not necessarily for the right reasons. Must Read Thanks to […]
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 […]
This Michigan woman wants to buy a home on her own — friends and family say it’s not what a Christian girl should do. That’s ‘crap,’ says Ramsey Show
Kate, a marketing professional from Michigan who’s in her early 20s, runs her own business and makes more than $150,000 a year. She’s managed to save close to $125,000 for a down payment on a house, but she’s getting pushback from her friends and family. The reason for the pushback? She is single. Kate recently […]
Forget the 4% rule — it’s now the 4.7% rule, creator Bill Bengen says. But here’s what you need to consider before you start splashing out completely
It seems the 4% rule is now the 4.7% rule. Three decades after financial planner William Bengen came up with a simple yet elegant solution to help clients balance their retirement spending, the creator of the 4% rule has updated this widely suggested practice for modern times. Must Read Thanks to Jeff Bezos, you can […]
6 practical ways to make a rental property work for you as a Canadian investor — and save on taxes owed
Maybe you already own an income property (or two), and you’re looking to expand your portfolio. Perhaps you’d like to get your foot in the door to owning rental property. But maybe you have limited time, complex finances or anxiety around property management. For those looking to enter the market or manage their existing properties, […]
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, […]
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 […]
Only 43% of Gen Xers feel confident about reaching their retirement goals — but here’s why the ‘slacker generation’ might deserve a bit of slack
Generation X — the now middle-aged former latchkey kids who spent much of their childhoods unsupervised in front of MTV — are known for their independence, resourcefulness and pessimism. That pessimism, it seems, extends to retirement. Of all generations, Gen Xers (those born between 1965-1980) are the least likely to feel confident they’ll reach their […]