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 […]
‘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. […]
5 big things that disappear after you retire in Canada: Are you prepared?
Retirement is often seen as the long-awaited reward after years of hard work. The daily grind of morning alarms, office politics and stressful commutes finally come to an end, regaining full control over your time and how you spend it. While retirement offers newfound freedom, it also brings some unexpected losses. Some, like a steady […]
‘My whole account is messed up’: Student loan chaos ensues, borrowers face soaring payments, uncertainty as repayment system unravels
Student loan borrowers face steep increases in their monthly payments as court rulings and Department of Education staff cuts disrupt the repayment system. A February ruling from a federal appeals court expanded an existing injunction, blocking the Biden administration’s Saving on a Valuable Education (SAVE) Plan, which was one of four income-driven repayment (IDR) plans. […]
Turning the heat up on energy independence: Brokenhead Ojibway Nation’s path to savings and sustainability
Brokenhead Ojibway Nation (BON), located northeast of Winnipeg, is taking a major step toward energy independence and long-term cost savings by installing 100 ground-source heat pumps in community homes. The $8.89 million initiative, launched in partnership with Efficiency Manitoba and Raven Indigenous Outcomes, aims to reduce heating bills, improve home comfort and train local residents […]
This Philadelphia woman’s parents expect her to pay down siblings’ student loans — and she’s only 29. Dave Ramsey gave her some direct words to say to Mom and Dad
After eight years of diligently paying her parents $1,000 a month towards the student loans they took out for her, Sarah from Philadelphia thought she was nearly debt free. After all, $96,000 in total payments should have covered her initial balance, as well as the interest accumulated on these loans. Don’t miss I’m 49 years […]
Warren Buffett’s Canadian stock pick — and 3 tips that let you invest like a pro
Last year, legendary investor Warren Buffett set his sights on Canadian companies — and captured the attention of investors after securing a sizeable stake in Canadian-based insurance provider, Chubb (NYSE:CB). Known for his strategic value investments, Buffett’s move hints at some promising opportunities within the Canadian market. For Canadian investors, there is one simple but […]
‘I get about $30 left over’: Ohio woman graduated college with $52K in debt — why she’s one of the lucky ones as millions of US borrowers facing wage garnishment once loan collections resume
Francesca Barrett, a Kent State graduate, has never missed a student loan payment — even during the pandemic. But that doesn’t mean she’s not struggling with the remainder of her $52,000 student loan. “My first paycheck of the month covers rent, student loan, groceries for two weeks, and I get about $30 left over,” she […]
UC Santa Cruz student families are fighting the school, saying they’re being forced to relocate — and pay 30% more in rent
Moving is hard enough, from dealing with the logistics of transporting household items all the way to unpacking. But what if you were essentially forced to move and pay more in rent? It’s a prospect students and their families say they face at the University of California, Santa Cruz. Don’t miss I’m 49 years old […]
I’m 33, earn $120K/year, and have no idea where our cash goes. My husband controls every cent — and I just found out we have $31K in credit card debt. How do I not get screwed if we divorce?
When you get married, it might feel like a relief to pass off all financial duties to your spouse. But choosing to offload your financial responsibility can come at a cost. Take, for example, the following scenario: A wife recently checked into her household finances and discovered that there was $31,000 in credit card debt. […]