Matthew Motil, host of the podcast, “The Cash Flow King,” fraudulently raised approximately $11 million from more than 50 investors in a Ponzi scheme, the Securities and Exchange Commission said.
Employees ages 45+ with student loan debt have or are considering taking several steps to manage upcoming repayments — with some being more detrimental to their long-term financial strategy than others.
Impacts of inflation, geopolitical instability, and healthcare costs on retirement portfolios may be fueling client curiosity about how to protect income in retirement
Consider this– if you save $1.00 at age 20, it will be worth $5.84 by age 65, according to calculations by Vanguard. If you invest that same $1.00 at age 55, it will be worth just $1.48 by age 65. If you save $375 per month over a 45- year career, you'll be a millionaire at retirement.
I was a lot younger then and figured that if my account grew by 11% annually over the next few decades, I'd retire with more than $6 million— tax-free! —D. C. W., Valparaiso, Indiana. The Fool Responds: Wow— $6 million is a great goal and would provide most of us with an extremely comfortable retirement.
SEC investigators say Matthew Motil ripped off investors.
Matthew Motil, host of the podcast, “The Cash Flow King,” fraudulently raised approximately $11 million from more than 50 investors in a Ponzi scheme, the Securities and Exchange Commission said.
As present fears about a big market crash or recession persist, Americans also are increasingly worried about taxes on retirement income from 401(k)s and IRAs increasing in the future, according to the 2023 Q3 Quarterly Market Perceptions Study from Allianz Life.
In the ruling, Judge Matthew Kacsmaryk of the Northern District of Texas, a Trump appointee, granted the administration's petition to dismiss a lawsuit by 25 Republican state attorneys general, led by Texas's Ken Paxton and Utah's Sean Reyes. The Biden administration had earlier sought to move the lawsuit to Washington, D.C., but the Northern District denied…
A year ago, she was earning $862 a month and receiving about $1,065 in monthly Social Security disability benefits when a letter arrived from the federal government. The Social Security Administration had been overpaying her, the letter said, and wanted money back. "Social Security should be to help people, not to destroy them," said Addie Arnold, Worrell's aunt and…
Disgraced South Carolina attorney Alex Murdaugh entered guilty pleas to 22 financial fraud counts involving clients, his own law firm and others who trusted him over 10 years, totaling millions of dollars. The guilty pleas entered in federal court in Charleston, S.C., was yet another blow to the once powerful attorney from a prominent legal family who is already…
As you approach your golden years, you might think, "I've got my Social Security and my 401; I'm set for retirement." But did you know relying solely on these financial streams could leave you in hot water? Let's unpack this critical issue to ensure that you're comfortable in your retirement years and leave a lasting legacy for your loved ones.
This area is home to The Third Act, a group of independent professionals who focus on those 60 and older and provide products and services that will help them successfully age in place throughout their retirement years. United Way of the Cape Fear Area and The Third Act have recently teamed up to do educational seminars together for the senior community.
Paying for health care can be challenging– but are you taking full advantage of all the resources available to you? In fact, you can carry your HSA with you all the way until retirement, when you can use the money to pay for qualified expenses that Medicare or Medicare Supplement Insurance doesn't cover. In 2023, you can contribute up to $3,850 to an HSA, or $4,850 if…
The Securities and Exchange Commission today charged Richmond, California resident Tilila Walker Sumchai with raising approximately $11.8 million from more than 1,000 investors through a fraudulent securities offering targeting members of the Tongan American community across the United States. According to the SEC's complaint, from approximately…
But there’ s good news for savers: For the sixth straight month, the top savings yield is outpacing inflation, according to Bankrate data. So, $20 left in your old winter coat in January 2019 could have bought $20 of goods back then. But now you’ d need an extra $4.40 to make up the difference in rising costs and have the same buying power.