Inflation rates may be slowing down, but this does not necessarily translate to a significant reduction in prices for consumers. While the economy is experiencing growth alongside a decrease in the rate of price growth and a thriving job market, the reality is that elevated prices across various sectors persist. According to Mark Hamrick, a
Personal
As you navigate through your career and approach retirement, it is crucial to have a clear understanding of where you are investing your money. Many individuals tend to heavily rely on tax-deferred savings accounts like pretax 401(k) plans or traditional IRAs, which can result in significant tax implications in the future. While these accounts are
Losing your wallet can be a nightmare scenario for many individuals. It not only means losing important cards and documents but also puts your finances and identity at risk. One of the first steps recommended by financial experts is to freeze your credit. This simple step can prevent someone from opening a line of credit
In the past year, there has been a significant surge in employment scams, with criminals utilizing artificial intelligence to target unsuspecting job seekers. Reports of job scams have increased by 118% in 2023, compared to the previous year. Criminals are posing as recruiters and posting fake job listings on reputable websites, such as LinkedIn, to
Vanessa Acosta and Sam Roberts, a couple from Pasadena, California, initially planned a grand black-tie wedding with 150 guests at a cost of $75,000. However, after reevaluating their plans due to family events, they opted for a micro wedding in their backyard with only 54 close family and friends. This shift in perspective allowed them
The IRS is currently facing a substantial backlog of tax identity theft cases, with approximately 500,000 cases remaining unresolved as of April. This marks an increase from the 484,000 cases reported in September. Identity theft victims are left waiting for more than 22 months for resolution, in addition to the time it takes to receive
According to recent research conducted by Bank of America, young, wealthy investors between the ages of 21 and 43 are displaying a distinct preference for alternative assets over traditional investments like stocks and bonds. In fact, nearly one-third of their portfolios are allocated to assets such as hedge funds, private equity, and crypto and digital
Imposter fraud, commonly known as grandparents’ scams or family emergency scams, is on the rise in the digital age. The story of Thelma Post in the movie “Thelma” sheds light on the vulnerability of older adults to such scams. With losses from imposter fraud reaching nearly $2.7 billion last year, it is crucial to be
In today’s digital age, social media plays a significant role in influencing travel decisions. With platforms like Instagram and TikTok showcasing visually appealing destinations, many individuals feel compelled to visit these places to capture the perfect photo for their feed. The pressure to imitate travel content seen online has led to a phenomenon where vacations
Cybercriminals have become increasingly sophisticated in targeting wealth accounts through emotional manipulation, particularly in the form of romance scams. These scams involve perpetrators establishing trust and emotional connections with victims to gain access to their financial resources. According to Tracy Kitten, director of fraud and security at Javelin Strategy & Research, romance scams resulted in