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 […]
Australian mechanic loses $449K in home-buying scam — blames bank, transfer company, but they point to one big issue
For some, the ultimate dream is giving back to the parents who raised them, to return years of unconditional love with a gesture of gratitude. For Jimmy, an Australian mechanic, that dream took the form of bricks and mortar. "I wanted something that I could sort of call home in my mom’s and dad’s later […]
I’m 64, retired and have a healthy $700K nest egg — but I keep obsessing over fluctuations in my account. Is this a fixable problem or am I fixating?
At 64, Robin is retired with a healthy $700,000 nest egg. On paper, she should feel secure. Yet instead of enjoying her days, she finds herself opening her retirement account app five times a day, watching the balance tick up and down with the market. Each dip sparks anxiety: What if I run out? What […]
I was hospitalized in a foreign country, assuming I was covered by travel insurance — but I got an $18K credit-card charge. Can I get my money back?
Natalie’s winter escape to Mexico didn’t exactly go as planned. A sudden medical issue led to a two-night hospital stay, but she felt reassured knowing she had travel health insurance — or so she thought. She provided insurance details to the hospital, but was also asked for a credit card, which she handed over. After […]
My husband’s 21 years older than me and plans to leave his entire $3M fortune to me. How do we tell his 3 financially unstable adult kids?
This article adheres to strict editorial standards. Some or all links may be monetized. Estate planning is one of the most important financial tasks you will undertake in your lifetime. However, according to LegalZoom, only 45% of Americans have created the documents required. Must Read Thanks to Jeff Bezos, you can now become a landlord […]
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 […]
I cover my 85-year-old mother’s housing costs, and she gets $1,300 in Social Security — but she blows it all buying junk. Do I cut her off?
Living on a budget is a critical skill, yet many people struggle to master it. According to a 2023 NerdWallet survey, only 23% of Americans say they need a budget to get by every month, and just 13% of baby boomers strictly follow one. While overspending can be harmful at any age, it’s especially risky […]
Wisconsin man’s TikTok account exposes car salesmen’s most common tactics that cost you thousands — don’t fall for 1 potential scam that got him fired
This article adheres to strict editorial standards. Some or all links may be monetized. When car salesperson Kenny Rua of Racine, Wisconsin posted a TikTok video claiming he sold a car to a single mom for $10,000 over its sticker price, he meant it as a joke — or so he and the dealership claimed […]
Canadian snowbird retirees are being forced to sell their Florida homes amid skyrocketing insurance costs, plunging loonie — is this temporary or long-term exodus from the Sunshine State?
For years, Ontario retiree Cesidia Cedrone and her husband escaped Canada’s brutal winters by retreating to their cozy Florida condo. But this year, instead of packing their bags for the sunshine, they packed up their belongings in Florida — for good. “Things changed so drastically. The Canadian dollar is not at par with the U.S. […]