NYC grandma, 86, loses entire life savings of $700K in twisted scam — now she’s suing Bank of America, Merrill Lynch for negligence. Who’s at fault?
The fraud started in August 2023 as fear dressed up as urgency. Pop-up warnings began flashing across 86-year-old Nina Mortellito’s computer screen, claiming her bank accounts had been hacked. What followed was a months-long tale of manipulation that ultimately drained her of $700,000 — her entire life savings. According to a lawsuit filed against Merrill […]
The government shutdown may not stop Social Security payments from flowing — but not all recipients will come out unscathed. Where do you stand?
Even before the federal government shut down Oct. 1, many of the 70 million Americans on Social Security wondered what would happen to their benefits. For 67% of older adults, Social Security is a lifeline that represents more than half their income, according to the Senior Citizens League [1]. Any pause in payments would make […]
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 […]
Ohio mom of quadruplets goes viral after sharing details of $4 million NICU bill on TikTok — why so many new parents in the US end up in crushing debt
This article adheres to strict editorial standards. Some or all links may be monetized. When Ohio mom Hannah Castle saw the hospital charges for her premature quadruplets, the total was staggering: $4.04 million. Her TikTok post [1] about the bills — four babies, each needing treatment from a neonatal intensive care unit (NICU) — exploded […]
I’m 35 years old with just $15,000 in my 401(k) — how do I turn up the dial and get my savings on track so I can actually retire one day?
Saving for retirement is critical, but it’s not something the majority of Americans are doing well. Vanguard just released its annual survey on retirement savings and found that 58% of Americans are not on track to retire comfortably. (1) Must Read Thanks to Jeff Bezos, you can now become a landlord for as little as […]
NCAA investigating 13 former basketball players for sports betting violations — what to know as more Americans participate in the $13.7B industry
These days, betting on sports is almost as common as watching them. Most commonly, people bet on who will win a game or match, but wagers can also be placed on things like point spreads, total scores, and individual player performances. The rise of online sportsbooks has made betting more accessible than ever, contributing to […]
I’m 67, recently retired and can’t wait to start my next chapter. But my husband doesn’t seem to share my dreams for our golden years. What do I do?
When sharing a retirement together, there should be room for both personal and joint dreams. Eleanor, a 67-year-old new retiree, has jumped into her retirement years with vigor. She has set her sights on specific goals, including a bucket list trip to South Africa, running a half marathon and writing a novel with the help […]
Stop leaving money on the table: How dividend investing can build lasting wealth for Canadians
Dividends are payments made by publicly traded companies to their shareholders. But beyond the dictionary definition, a dividend paying stock can be an important tool for growing an investment portfolio, particularly if you opt to reinvest your dividends to buy additional stock shares. Dividend payments can provide income for shareholders of all ages. And financial […]
Trump’s attempts to bring down Fed Reserve Governor Lisa Cook for alleged mortgage fraud should have homeowners looking into their own vulnerabilities
President Donald Trump’s ongoing efforts to fire Lisa Cook from the Federal Reserve board over allegations of mortgage fraud raise an unsettling question for homeowners: Just how much of your mortgage information is public, and could it ever be used against you? (1) The Trump administration accuses Cook of mortgage fraud, suggesting she declared both […]
California mom mulling marrying her boyfriend with a $2M trust fund wants Dave Ramsey’s advice on prenups — but Ramsey sees a much bigger problem
When people enter a marriage with differing levels of assets, it’s not uncommon to consider signing a prenuptial agreement addressing how their assets will be handled if their marriage fails. That’s why Hailey, a single mom with a five-year-old, called into The Ramsey Show from California. Must Read Thanks to Jeff Bezos, you can now […]