A common mistake when saving for retirement is to focus all your mental energy on one number: your nest egg. But while a large 401(k) and IRA balance is essential, it’s not a complete plan. Without an emergency cash reserve, unexpected expenses can derail your retirement strategy, forcing you to sell assets during market downturns … Read more
Irving Rosenberg spent a lifetime building his savings. At 90, with impaired hearing, limited mobility and early-stage dementia, the Southern California man had no reason to believe his $814,000 in Wells Fargo savings were at risk. Era. Beginning last April, someone began forging Rosenberg’s signature on checks and draining his savings account. He had never … Read more
A Georgia family says a metro Atlanta car dealer took advantage of their elderly stepfather, who suffers from dementia, by encouraging him to buy a nearly $90,000 vehicle he didn’t need and couldn’t afford. The company disputes the claim and says the situation is resolved. According to local station WSB-TV, the family claims a salesperson … Read more
Ozalp/Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. Tesla CEO Elon Musk just issued a dire warning to Americans. In an appearance on February 5 at Dwarkesh PodcastMusk said America is headed for bankruptcy as its national debt continues to rise. “We will go 1,000% … Read more
Tamargo/Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. For years, some of the most lucrative corners of the investment world were effectively off limits to ordinary Americans. But according to bestselling author and motivational speaker Tony Robbins, this longstanding divide may soon begin to close. … Read more
Financial expert, radio personality and author Dave Ramsey has built an empire on bold, uncompromising advice. In a recent commentary, he distilled decades of teaching into a single principle: How you pay for things determines whether you stay poor, stay middle class, or build wealth. Rich people ask “How much?” and pay in advance to … Read more
Take Production Studios/Shutterstock Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. Most people spend countless hours planning their retirement before the big day finally arrives. After all, it usually takes a lifetime to confidently exit the workforce and enter your golden years. But the rising cost of … Read more
Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. In 2023, Mark Cuban found himself sitting on a warehouse floor with viral sensation Bobbi Althoff as a guest on Really good podcast (1). During the 58-minute interview, Althoff used his awkward but engaging tactics to get Cuban to … Read more
Robin Marchant/Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. If early retirement is something you’re striving for, you’re not alone. A 2024 YouGov survey found that 22% of Gen Zers and 30% of Millennials expect to retire between the ages of 51 and 60 (1). … Read more
Anna Webber/Getty Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. It seems there might be some justice for school teachers, who have the dubious distinction of playing a vital role in society while earning a relatively low annual income. That justice comes in the form of the … Read more