Research shows that 90 percent of current workers will receive more lifetime Social Security income if they wait until age 70 to claim benefits. Claiming early permanently reduces survivor benefits for a spouse if the highest earner dies first. Deferring Social Security until 70 offers guaranteed monthly benefit increases against uncertain investment returns. A recent … Read more
Grant Halverson/Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. Cam Newton, once one of the NFL’s most electrifying quarterbacks, now faces a challenge off the field: loss of income. At 36, Newton’s days as a professional athlete are over. He officially retired from the game … Read more
Ramit Sethi / Youtube Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. Jeff, 50, is a specialized surgeon. His wife Susan, 48, is a stay-at-home mom. Even though Jeff earns an enviable $665,000 a year, the couple – married for 19 years – still struggle to pay … Read more
Lucigerma / Shutterstock Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. A surprise that may hit you in the early years of retirement – even after you say goodbye to work expenses and retirement account contributions, you may end up spending more than when you had a … Read more
Investment scams are on the rise in the US, with FTC data showing a 25% increase in losses between 2023 and 2024 (1). Consumers reported losing $5.7 billion to these scams last year — and for many Americans, that number highlights how easy it can be to fall for a fraudster’s schemes. Consider someone like … Read more
7 News Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. Rochanne Douglas thought she was helping someone in need when she accepted a 32-day Airbnb reservation in February. Almost a year later, she was locked out of her own home, paying thousands in legal fees and mortgage … Read more
Managing money can be challenging, but it can be even more so as a couple – especially if the two people involved don’t trust each other with money. This is the case of a couple featured in a recent episode of Ramit Sethi’s podcast, I will teach you to be rich. Jamie, 45, and her … Read more
Terry Zink has spent his entire life in the woods. A 57-year-old, third-generation hound from Marion, Montana—a town tucked away in the Flathead National Forest—Zink hunts mountain lions and bears while running a small archery business. He also voted for Trump, but after the Department of Government Efficiency (DOGE) implemented deep cuts to the federal … Read more
Paul Morigi/Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. With an estimated net worth of around $147.5 billion, legendary investor Warren Buffett has built an extraordinary financial empire – making him the ninth richest man in the world (1). Now 95, Buffett has finally stepped … Read more
Mark Peterson/Getty Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. While joining the millionaire club may be out of reach for many young Americans, the power of compounding can make it possible. It’s simple: you invest a small amount of money each month in a low-cost index … Read more