Retired woman loses $487K in an investment scam — the Dave Ramsey team outlines her only option to getting back on track
When Cathy called into The Ramsey Show, she was already six months into a nightmare. The 68-year-old admitted she had gotten involved with an “online investment group” and wound up losing everything. She retired from her job of 36 years and cashed out her entire retirement fund (a 401(k) is an American equivalent of an […]
‘I just buy the haystack’: This 25-year-old investor built real wealth once he quit turning over rocks hoping to discover the next Tesla. Here’s how
The thrill of finding the next hot tech stock or cryptocurrency can feel invigorating, but tracking down that golden goose is more “needle in a haystack” than a real strategy. Sam Byrne, a 25-year-old investor and co-owner of Liverpool’s Block P, the self-described world’s No. 1 Air Max 95 Store, told Moneywise during a November […]
Housing in these 2 Rust Belt cities is red hot, putting them at odds with the national market — what it could mean for both buyers and sellers
In a sluggish national housing market, the northeastern U.S. is bucking the trend of lowering demand. Two unlikely cities are standing out amongst the crowd: Syracuse, New York, and Scranton, Pennsylvania. From August until mid-September, these two Rusts Belt cities had the highest annual home price growth rates in the country, according to data from […]
Ray Dalio says choosing the right partner is life’s most important decision — and your wallet might agree. Do you align on these 3 money musts?
There are a lot of qualities we might look for in a life partner: trustworthiness, shared values and possibly a sense of humor. One that might not come to mind is whether you have a similar money mindset. But it’s an important factor to consider. “There is no more important decision that you can make […]
Here are 4 hidden state taxes that often shock US retirees — and none of them are the income tax. Is Florida really as tax-friendly as you think?
Moving to another state to avoid income taxes can feel like solving one problem only to discover another. While you may avoid one type of tax, you may encounter others in unexpected places. There are nine states that can technically be considered “income tax-free,” according to TurboTax [1]: Alaska Florida Nevada South Dakota Tennessee Texas […]
I’m 69 and retired. I want to take it easy, but my wife wants to travel and is ready for adventure. How do we build a retirement vision together?
Marcus spent the first six months of retirement dreaming about what he’d do “once he had the time.” But when that time finally arrived, the dreams never quite materialized. Now 69, he fills his days with household repairs, reading old mystery novels and golfing with friends, His wife, Lila, has just retired at 67, and […]
Michael Burry made $100M from the 2008 financial crash, and he just disclosed 2 big bets on the AI bubble bursting. Do this now if you’re exposed
This article adheres to strict editorial standards. Some or all links may be monetized. Michael Burry isn’t afraid to go against the herd. The hedge fund manager famously bet against the U.S. housing market ahead of the 2008 crash — earning $100 million for himself and $725 million for his investors — a move later […]
5 financial moves you must make before 2026 to prevent disaster. How many are still on your list?
With the end of the year drawing closer, many Americans are shifting into holiday mode. But aside from shopping for gifts and spending time with family, the end of the year also delivers some crucial financial deadlines. Many tax credits, deductions and incentive programs are structured around the calendar year, which means missing these deadlines […]
Even households making $100,000 are now pulling back on spending and rethinking their expenses. Here’s how inflation is reshaping finances
Tight budgets and stretched wallets are no longer just a problem for lower-income Americans. Inflation is putting pressure on nearly everyone, even households earning six figures. As prices stay stubbornly high, more Americans across different income groups are feeling anxious about their finances and rethinking how they save, spend and plan for the future. Must […]
Some premium credit cards have hiked their annual fees by 45% — how to stop ‘fee creep’ from from robbing you of your hard-earned rewards
For some Americans, paying a high annual fee on a premium credit card is worth it for the perks. But, with credit card companies hiking those annual fees — by as much as 45% — is fee creep starting to cancel out those benefits (1)? In June, JPMorgan Chase announced it would be raising the […]