Long-term marriage vows were once seen as unbreakable, yet people over 50 are increasingly parting ways. Older Americans Are Divorcing A 2022 study from The Journal of Gerontology reports that 36% of divorcing Americans are over 50. This surge in “gray divorce” presents challenges and implications extending well beyond the couple. Decades of Wealth Need […]
Author: Mark Garro
Scam Alert: Millennials in the Crosshairs of Fraudsters
Americans aged 30-49 are falling victim to investment scams more frequently than any other age group. This revelation comes from a recent FBI report that shines a light on a troubling trend in the digital age. Increased Vulnerability Among Millennials The FBI’s findings reveal that millennials have reported over 13,000 investment scam complaints. This demographic’s […]
Inheritance Turmoil: Boomers’ Shifts Could Leave Millennials High and Dry
For some, inheritance might seem like a given, but Boomers are starting to follow trends from prominent figures like Warren Buffett and Sting and are moving away from simply passing down wealth. Baby Boomers, set to pass on $68 trillion by 2030, are exploring alternative options that don’t necessarily include traditional inheritances. Prioritizing Family Harmony […]
10 Retirement Destinations You’ll Want to Dodge
Retirement is looming for many Gen-Xers in the coming years, and choosing the right location has never been more important. There are many places where retirement might seem attractive, though certain cities may best be left alone. 1. Victoria, British Columbia This story involves a move over the northern border: Victoria, British Columbia, in Canada. […]
25 Smart Hacks to Boost Your Savings by Thousands!
As the cost of living continues to climb, managing your finances smartly is more critical than ever. Adopting frugal living habits can significantly cut down your expenses, paving the way for a more secure financial future. And you don’t have to sacrifice all of your little pleasures, either. We’ve got 25 practical, frugal living tips […]
Employers Unhappy with Recent 401(k) Regulation Updates
The latest Biden administration rule on 401(k) plans is reshaping how employers manage retirement plans. It’s a complex scenario requiring a fresh understanding of fiduciary duties and provider relationships. This rule aims to protect employees but also imposes new responsibilities on employers. Revised Fiduciary Standards The U.S. Labor Department’s new rules expand fiduciary investment advice […]
Medical Debt Crisis Spurs Calls for Healthcare Overhaul
The increasing financial burden of healthcare is putting many Americans in a tight spot. A recent survey reveals the challenges individuals face in paying their medical bills, suggesting a deep-seated problem that extends beyond mere affordability. A Comprehensive Study A 2024 Healthcare Financial Experience Study conducted by Cedar delves into the reasons why Americans find […]
Crypto Fraud Surge Raises Concerns Among Americans
SafeMoon, a name once synonymous with skyrocketing crypto gains, is now the center of a major scandal. U.S. authorities have charged the top executives with fraud. SafeMoon’s Downfall SafeMoon executives have been indicted for fraud. The company’s once high-flying token has plunged, causing concerns among crypto investors. Who’s Been Charged? Founder Kyle Nagy, CEO Braden […]
Wedding Wonders on a Budget: 25 Tricks to Trim Your Big Day Expenses
Weddings are a celebration of love, but they can also be a significant financial burden. According to The Knot, the average American wedding cost a whopping $30,000 in 2022! So you can understand why people want to make savings where possible. While it’s wise to be budget-conscious, there’s a fine line between frugal and cheap. […]
25 Budget-Friendly Tactics for Epic Savings Adventures!
As the cost of living continues to climb, managing your finances smartly is more critical than ever. Adopting frugal living habits can significantly cut down your expenses, paving the way for a more secure financial future. And you don’t have to sacrifice all of your little pleasures, either. We’ve got 25 practical frugal living tips […]