
Con artists are using the "grandparents scam" to rake in thousands of dollars each day.
They're literally capitalizing on people's emotions.
By Money Morning Staff Reports, Money Morning -
Con artists are using the "grandparents scam" to rake in thousands of dollars each day.
They're literally capitalizing on people's emotions.
Here's what you need to know about the fraud - and how to avoid falling prey to it...
By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report -
According to Time.com, more than 50% of Americans age 35-54 have less than $10,000 saved for retirement. How we got to this point over the last 15 years is hardly surprising.
In the wake of the Great Recession, many people saw their 401(k)s wiped out, and they lost a lot of faith in the financial markets. Members of Generation X lost 45% of their average net worth during the financial crisis, according to the Financial Times.
If you find yourself in this group, let me start by reminding you of two things:
First, you are not alone. Millions of Americans are in the same situation.
Second, you have plenty of time to start building or rebuilding a retirement nest egg that'll put you on your way. According to retirement experts, most Americans have time to catch up and reach their retirement goals.
If you've already started saving money, consider yourself ahead of the game. But you still need to set aggressive goals if you want to retire at 60.
Get started with these immediate steps...
By William Patalon III, Executive Editor, Money Morning -
This time of year always puts me in a reflective mood.
Today, I'm thinking of a simple, crumpled sheet of yellow paper...
On it - scrawled in blue ink - is a hastily written note from wife to husband.
This simple note is one of the more interesting "artifacts" from 9/11.
And despite that simplicity, the note conveys a powerful lesson.
During the anniversary season of the Sept. 11, 2001, attacks on New York, Pennsylvania, and Washington - and in the continuing aftermath of the Harvey and Irma disasters - this lesson is one folks must take to heart.
By Casey Wilson, Associate Editor, Money Morning -
Take our short retirement quiz to see just how much you know...
By Casey Wilson, Associate Editor, Money Morning -
States have been overspending and borrowing money for pension funds for years.
Now, they have reached a point where the debt is nearly impossible to repay.
And these four states have it the worst...
By Money Morning Staff Reports, Money Morning -
Retirees can earn up to $2,300 a month or more from Big Tobacco's 20-year-old lawsuit.
These are called "forever payments" and they can completely change your financial future.
Here's how you can start receiving these payments...
By Dustin Parrett, Associate Editor, Money Morning -
In 1998, Big Tobacco was sued for its practice of concealing the health risks of tobacco from its users through sleazy advertising tactics and hiding scientific findings.
The Big Tobacco companies eventually settled that case.
And it could mean big profits for you...
By Money Morning News Team, Money Morning -
Planning for retirement is something that many put off even though they need to start.
As many as one in three working adults have nothing saved for retirement despite knowing they will not be able to live comfortably in retirement if they don't start.
These three steps will make saving for retirement simpler, making it easier to get started today...
By Stark Merrifield, Associate Editor, Money Morning -
By Stark Merrifield, Associate Editor, Money Morning -
By Stark Merrifield, Associate Editor, Money Morning -
Baby boomers and millennials both face daunting retirement problems right now. Social Security is failing, the Great Recession eviscerated trillions, the age at which you can afford to retire keeps getting pushed further and further.
A shocking 48% of boomers aren't on track to be able to afford basic expenses in retirement, according to a 2013 Fidelity Investment report. And millennials are the first generation in U.S. history to enter adulthood in worse economic shape than their parents.
By Money Morning Staff Reports, Money Morning -
A new executive order for retirees could help you retain the $68,870 a year earned from 26(f) programs.
The order will keep the Department of Labor from charging you huge fees that eat into your 26(f) program profits.
Here's how the order could shape your financial future...
By Money Morning Staff Reports, Money Morning -
What some are calling a "retirement blackout" could take affect within the next two months.
You might not have heard about this yet, but it can affect your money.
Here's everything retirees and pre-retirees need to know about this controversial measure...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Retirees can earn an annual profit of $68,870 with a "26(f) program."
But the U.S. government could pass a measure that hamstrings your potential income.
Here's why you need to act before this important date...
By Jack Delaney, Sr. Cannabis Editor, Money Morning -
What are 26(f) programs?
Legendary investors like Sir John Templeton have used them to build huge fortunes.