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, […]
‘Trying to put my life back together’: Aussie nurse’s life upended after scammers drain her bank account, open loans in her name — here’s how to protect yourself from ‘phone porting’ scams
An Australian nurse had her life upended when scammers hijacked her phone number, drained her bank accounts and opened loans in her name — all within 24 hours. “They were able to change my email, passwords,” Lee-Anne McLean told 9News. “They broke into my social media and they opened bank loans.” And she doesn’t know […]
This 19-year-old Florida entrepreneur has created a portable energy storage unit for hurricane season — plus how to protect yourself from unexpected property damage
After dealing with power outages in his home state of Florida during last year’s hurricane season, Noah Bild knew it was time to take action. “We’re close to the water,” Bild told Fox 13 News Tampa Bay. “A lot of our neighbors’ power went out. Our power went out.” Don’t miss I’m 49 years old […]
More and more older Americans are worried Social Security won’t be there for them — but that concern looks very different based on political party. Here’s why there’s such a big divide
With cuts to Social Security staffing and programs, rumors of privatization and an impending funding shortfall, it’s no wonder some Americans are worried about the program’s future. Nearly one in three adults age 60 or older now doubt their retirement benefit will be there when they need it, according to a new poll from the […]
‘You can’t displace someone’: Denver couple taking developers, the city to court over alleged property encroachment — how these types of disputes cause more than just headaches for homeowners
Jorge Cardenas and Griselda Barbosa Martinez from the West Colfax neighborhood of Denver have filed a 50-page lawsuit against the City of Denver, a property developer and a construction company, accusing them of violating the family’s rights and threatening their property, reports CBS News Colorado. The couple claims that, due to the construction next door, […]
I’ve worked for the county for 10 years making more than $100K with a pension — but I hate my job and dread going into my toxic workplace every single day. Should I quit or just tough it out?
For almost a decade, Joe has worked for the county, pulling in an enviable salary of more than $100K a year. Not only does he have job security, but he also gets generous vacation time, health insurance and a pension. His friends and family think he’s got it made. But every morning, Joe dreads going […]
‘A recipe for disaster’: Virginia woman wants Dave Ramsey’s help dealing with daughter, 18, who’s never had ‘a single boundary’ with money — but he sees a way bigger ‘crisis’ to address
Heather, who lives in Fairfax, Virginia, called into The Ramsey Show and asked co-hosts Dave Ramsey and Dr. John Delony if there’s any hope to get an 18-year-old to budget when she’s always had easy access to and been surrounded by wealth. Don’t miss I’m 49 years old and have nothing saved for retirement — […]
I’m 31, inherited $100,000 from my grandma, and my fiancée says I’m ‘stingy’ for refusing to spend it on a ‘dream’ wedding — but I want to use it for a house, kids. Am I wrong for saying no?
When Jim’s grandmother passed away, he didn’t just inherit her favorite teacups or photo albums — he inherited $100,000, and with it, a dream she always had for him: building a future, buying a home and starting a family. Not long ago, Jim proposed to his girlfriend of three years. They’d been planning a small, […]
I’m 59 years old, single and dreaming of retirement — but I’m still carrying an $81,000 mortgage balance. Do I have to wait to leave the workforce until it’s fully paid off?
Imagine this scenario: Brenda is 59, single, has no children and is eyeing retirement. The hitch? She still has $81,000 outstanding on her mortgage, so she’s wondering if it makes sense to remain in the workforce until it’s paid off. If she retires with a mortgage, she’d join a growing share of older Americans who’ve […]
I spent way too much in my first 4 years of retirement on fun things like travel — now I worry I’ll never get back on track. What do I do?
Retirees usually have bucket lists and dream vacations they want to go on while they’re still healthy and fit. Don’t miss I’m 49 years old and have nothing saved for retirement — what should I do? Don’t panic. Here are 6 of the easiest ways you can catch up (and fast) Robert Kiyosaki warns of […]