The top 7 worst-paying college majors in America revealed — with median early-career salaries as low as $40,000/year. Are you getting an awful return on your big investment?
Not all college degrees are created equal — and some could actually leave you struggling financially. 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 a ‘Greater Depression’ […]
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 […]
This Vietnam vet, 84, was forced to sell her ‘dream’ retirement home after new owners jacked up monthly costs from $1,395 to $6,500 — how she lost out on $100,000 and a warning to seniors
Many seniors across the country would consider their senior living community a safe haven. But for some, these properties turn out to be money traps right when their personal finances are most fragile. Martha Bray, an 84-year-old Vietnam veteran, found herself trapped in such an unfortunate situation. After 10 years of living at River Glen […]
How much is the average Social Security check of a middle-class retiree?
We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. Social Security is an important piece of the retirement puzzle, particularly for middle-class retirees who count on the safety net to supplement their post-career income. But if you see […]
‘I thought I was getting somewhere’: New Jersey dad bought his daughter a $959 iPad — but when she unwrapped the gift, the box was empty. And that’s when his real headache started
Pete McCollum wanted to surprise his daughter with a top-of-the-line iPad Pro for Christmas. But when she unwrapped the $959 gift, she was shocked. “On December 23rd, I gave my daughter the gift, I gave her the box. She opened [the packing box] and opened the Apple iPad Pro box, but it was empty,” McCollum […]
Smart car shopping in retirement: What to consider before buying a vehicle on a fixed income — from budget tips to choosing the right features for your lifestyle
You’re enjoying your retirement years, taking the occasional road trip to spend time with friends and family. But your car has seen better days — nearing the end of its life at 200,000 miles. Since you haven’t purchased a car in a long time, you may be surprised at how much vehicles have changed — […]
I’m a 55-year-old divorced dad with $810,000 in my 401(k) and I’m maxing out my contributions every year. Can I realistically retire in the next 10 years?
If you’re a divorced dad in your mid-50s with kids and a healthy 401(k), retirement at 65 isn’t off the table, but it’s not just about your nest egg anymore. It’s about who you still need to support, how long that support might last and what lifestyle you’re aiming for. Many Gen Xers are now […]
‘It’s not safe’: This Houston couple says their brand-new home in a gated community has become a mold-ridden uninhabitable nightmare — now they’re left in an ‘unfathomable’ position
When Angela and Terry Taylor of Houston moved into a four-story home in a gated community in 2020, they thought it would be a safe, low-maintenance environment where they could ease into retirement. Instead, things started to go wrong almost immediately. The Taylors noticed condensation on the windows and doors. Angela began to feel ill. […]
This Houston man, 65, lost $500K in an elaborate elder fraud scheme — now he says he doesn’t know if he’ll be able to retire or have to work until he dies. How to stay vigilant against fraud
Like most of us, Hiep Nguyen regularly receives scam phone calls. Although he usually ignores these unexpected phone calls, one recent scammer had a convincing trap. After the caller ID identified the unknown caller as the Vietnamese Embassy, Nguyen picked up. The caller claimed that someone was perpetrating crimes, like money laundering, in his name, […]
‘I’m kind of lost right now’: NY man’s debt explodes from $30K to 100K in under a year despite earning six figures. What Dave Ramsey says to do ASAP
We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. When Jelani from New York called into The Ramsey Show about his financial problems, he didn’t sugarcoat his situation. "I owe over $100,000. I’m kind of lost right now,” […]