OIder Americans got fleeced online last year, FBI says, losing an average $83,000 to scams. Here’s how to learn from their mistakes
Being robbed doesn’t always happen at gunpoint. Cybercriminals can sneak into your home through your computer and your phone — and may make you an unwitting accomplice to your own robbery. It’s a problem for everyone, but if you’re over 60, you’re particularly vulnerable. Last year, losses to cybercrime increased 33% from 2023 to a […]
A North Carolina woman bought a house with her boyfriend — but then they broke up and both stopped paying the mortgage. Facing foreclosure, here’s what The Ramsey Show hosts say she should do
Janelle from Raleigh, North Carolina, says she “did the ultimate no-no” when she bought a house with someone to whom she wasn’t married. After about a year, they broke up and she moved out. Now, they’re four months behind in mortgage payments, haven’t been able to sell the house and are facing foreclosure. She’s also […]
If you take CPP at age 60, you will lose 36% of your benefits — but here are 3 key instances when claiming early actually makes a lot of sense. How many apply to you?
For every month you take your Canada Pension Plan retirement benefit early, you permanently lose 0.6%, reducing your monthly cheque up to 36% if you take it at age 60. On the other hand, for every month you wait after age 60, you increase your benefit amount by 0.7%. If you wait until age 70, […]
Americans of all ages are suddenly cooling on Florida — and this 1 hot spot has been hit the hardest. 3 reasons this once trendy city is seeing ‘the biggest slowdown’ in new residents
Florida has long been a magnet for Americans looking for a better life. Low taxes, affordable housing, a low cost of living and pleasant winter weather have made it a popular move — and not just for retirees. Young people seeking economic opportunities have come in search of jobs in technology, health care and tourism […]
I’m 69 with $300K in savings but I’ve got a $250K reverse mortgage causing me serious stress. Should I just use most of my savings to pay it off ASAP and aim to survive on Social Security?
Imagine this scenario: Samantha is retired at 69, but a few years back she took out a reverse mortgage. Now, she’d like to be done with it, especially since the loan comes with a hefty interest rate of 6.75%. She currently has about $375,000 in home equity while her reverse mortgage loan is close to […]
Americans could see price hikes across the country thanks to Trump’s trade war — so don’t get caught napping. Here are 5 ‘everyday items’ to load up on before they become more expensive
American consumers can expect to see higher prices for goods made in China — and maybe even empty shelves. After President Donald Trump’s “reciprocal” tariffs were announced on April 2, markets took a nosedive. A 145% tariff on Chinese goods effectively blocked trade and resulted in a slowdown at ports. The CEOs of major retailers, […]
A Minnesota nonprofit linked to $250 million fraud scheme was just raided by the Feds — the FBI believes its records claiming it fed 1 million children ‘are phony.’ How the scam worked
A Minnesota nonprofit has been raided by the Feds in a new investigation more than a year after last year’s $250 million-meal program fraud scheme. In those allegations, Feeding Our Future is said to have had scammers steal hundreds of millions of dollars from taxpayer-funded nutrition programs for hungry children during the early days of […]
‘Too old to be having these problems’: Cincinnati mom left ‘confused’ after partner walked out on her when they found out she was pregnant — so Dave Ramsey helped her build a ‘baby budget’
Johi called into the The Ramsey Show from Cincinnati, reeling from a week in which her boyfriend of 14 years deserted her — right after she discovered she was pregnant with their second child. “He was just not ready to take on that responsibility, so he left,” she said. They already have a 12-year-old child […]
‘Fight these goobers’: Washington State man has debt collectors coming after him — but Dave Ramsey thinks negotiating with them should be at the bottom of his to-do list
Jordan from Spokane, Washington, has collection agencies coming after him, so he called into The Ramsey Show for help negotiating with debt collectors. In particular, a repo agent — also known as a repossession agent, who is employed by a collection agency to repossess property over a failure to make contractual payments — has been […]
I’m 59 and inching closer to retirement — but after a nasty divorce, I’ve been left with basically zero savings. What 3 things can I do ASAP to cobble together a comfortable nest egg?
Jamie, 59, is inching closer to retirement, but after going through a nasty divorce, his emergency fund and savings have been wiped out. He still has a 401(k), a pension and some investments, but his divorce will impact the value of those assets. Without additional savings to supplement those assets — which will be divided […]