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What You Should — And Shouldn't — Do If You Win The Mega Millions Jackpot
What You Should — And Shouldn't — Do If You Win The Mega Millions Jackpot, according to an expert
Kate Murphy ·Reporter Updated Tue, December 24, 2024 Yahoo News
There’s still a chance — 1 in nearly 303 million — for a lucky winner to score the Mega Millions jackpot, which climbed to an estimated $1 billion ahead of Tuesday's 11 p.m. ET drawing.
While securing the golden ticket is all a matter of luck, holding on to one’s newfound fortune after such a windfall requires some strategy.
5 Toxic Money Habits You Should Stop Right Now
5 Toxic Money Habits You Should Stop Right Now, According to Financial YouTuber Tae Kim
John Schmoll Sun, December 22, 2024 GOBankingRates
Managing your finances takes work and commitment. Unfortunately, it’s far too easy to betray our goals through inaction or following certain toxic money habits. In some cases, you may need to get out of your own way and determine actionable goals.
3 Scary Truths About the Future of Social Security
3 Scary Truths About the Future of Social Security
Lydia Kibet Sun, December 22, 2024 GOBankingRates
For millions of Americans, Social Security isn’t just a paycheck. It’s a lifeline. With many reports that Social Security benefits may run out by 2035, it’s unclear what the future holds. Whether you’re already retired or still years away, you need to know these hard truths about the future of Social Security.
The Program Could Be Insolvent by 2035
What most people don’t get is that Social Security isn’t going bankrupt. It’s running a deficit, which means the program doesn’t have enough cash (coming in from upcoming payroll taxes) to fund benefits fully. For this reason, the Social Security Administration (SSA) has been pulling money from its trust funds to avoid the benefit cuts so far.
What To Do If You Win The Mega Millions Jackpot
What To Do If You Win The Mega Millions Jackpot
Jordi Lippe-McGraw Sun, December 22, 2024
Did someone ask for a green Christmas?
Should someone win the Dec. 24 Mega Millions drawing, they would be waking up Christmas morning with an estimated $944 million in their pocket.
If won, the prize money, which equates to $429.40 million in cash, would be the largest amount won in December and the seventh largest in Mega Millions history.
No winner was named in the Dec. 20 Mega Millions drawing, which featured a jackpot totaling an estimated $825. The winning numbers were 2, 20, 51, 56 and 67, and 19 for the Mega Ball.
13 Habits of Highly Effective Risk-Takers
13 Habits of Highly Effective Risk-Takers
By Nate Silver GEAR Newsletter DEC 19, 2024 4:00 AM
From poker players to venture capitalists, there’s a mindset to making the most of opportunities, and engineering the odds of success.
I played poker professionally before I ever wrote about politics or built an election model. What really fascinates me about gambling is the mindset that drives this behavior—a way of thinking that unites a cohort I call “the River.”
The River is a sprawling ecosystem of like-minded people that includes everyone from low-stakes poker pros to crypto kings and VC billionaires.
How Homebuyers Can Stay Safe In 2025
How Homebuyers Can Stay Safe In 2025
Danielle Antosz Wed, December 18, 2024 Moneywise
West Virginia couple loses $255K, life savings in real estate scam — how homebuyers can stay safe in 2025
After months of house-hunting, Raegan Bartlo and her husband finally found their dream home in a small West Virginia community just a few hours from Washington, D.C.
But that dream became a nightmare as a few days before the closing, Bartlo received an email she thought was from her title company. The email provided instructions on how to wire the money for closing. She wired the $255,000 down payment as per the email’s directions, ABC 7 reported.
The Fed Saves Its Own XXX at Your Expense
The Fed Saves Its Own XXX at Your Expense
Notes From the Field By James Hickman (Simon Black) December 19, 2024
Marco Polo never actually set foot on Japanese soil. But that didn’t stop him from writing the most wildly exaggerated tales about the immense, incredible wealth of Japan-- which he called Cipangu.
Supposedly Marco Polo had spoken to merchants and traders who’d been there, but it’s entirely possible he made it all up—typical for Marco Polo and his tall tales.
Nevertheless, about a century and a half later, a young Italian sailor devoured Polo’s writings and became convinced he had to lead an expedition to Cipangu and exploit the unimaginable wealth described in Polo’s stories.
Cliff-side Villa In California - $10M In The Bank — With No Heirs - Who Should Get My Fortune?
I’m 79, Live In A Cliffside Villa In California And Have $10M In The Bank — With No Heirs. Who Should Get My Fortune?
Christy Bieber Tue, December 17, 2024 Moneywise
A 79-year-old in a villa with $10 million in the bank has a very large potential legacy to leave — but what if there's no obvious person to leave it to?
In His Situation, You Must Take Action.
You need to make an estate plan. Otherwise, default intestacy laws apply. These kick in when someone dies without a will. The law dictates who will inherit, starting with closest relatives and proceeding to more distant relations. However, if no relatives are found, the funds could go to the state.
AI Voice Scams Are On The Rise. Here's How To Protect Yourself
AI Voice Scams Are On The Rise. Here's How To Protect Yourself
Megan Cerullo Updated Tue, December 17, 2024 CBS News
Artificial intelligence-enabled voice cloning tools have made it easier for criminals to mimic strangers' voices and dupe victims into handing over large sums of money.
For example, a scammer might target a victim posing as their grandchild and claiming they require cash — fast. Older people who might not be as familiar with new technologies such as AI can be particularly susceptible to these types of scams, particularly when the caller on the other line sounds identical to a loved one. Phone numbers also can be spoofed to mimic those of callers known to the target of voice cloning scams.
Kiyosaki Warns That Boomers Will Be The Losers Once The ‘Biggest Crash In History’ Comes
Kiyosaki Warns That Boomers Will Be The Losers Once The ‘Biggest Crash In History’ Comes
Jing Pan Sun, December 15, 2024 Moneywise
The U.S. stock market has seen clear sailing in 2024, with the S&P 500 up an impressive 28% year-to-date, but Rich Dad, Poor Dad author Robert Kiyosaki sees dark clouds on the horizon — and when the storm hits, it’s the one generation that will feel the brunt of it.
“BOOMERS are SOL: When the stock market bursts … BOOMERS will be BIGGEST LOSERS,” Kiyosaki posted on X.
As a boomer himself, he acknowledged that his generation has been lucky. Data supports that claim, with reports showing that Baby Boomers are likely the wealthiest generation that has ever lived.
Think You're Safe? Identity Theft Could Wipe Out Your Entire Life’s Savings
Think You're Safe? Identity Theft Could Wipe Out Your Entire Life’s Savings
Kurt Knutsson, CyberGuy Report Fri, December 13, 2024
Identity theft has become a pervasive issue, affecting millions of Americans each year. In 2023 alone, American adults lost a staggering $43 billion to identity fraud. The following story illustrates the devastating impact this crime can have on individuals:
Paula Disberry, a former Colgate-Palmolive employee, was living a comfortable life when she discovered that her 401(k) account had been drained of $750,000. The shock came when she tried to access her account online, only to find it blocked.
A fraudster had impersonated her, changing her contact details and withdrawing her entire retirement savings in a single transaction. Stories like this of financial identity theft are becoming all too common. If you live in the U.S., you’ve likely already encountered one, or worse, experienced it firsthand.
The Most Insolvent Bank In The History Of The World Is. …..
The Most Insolvent Bank In The History Of The World Is. …..
Notes From the Field By James Hickman (Simon Black) December 12, 2024
As the 1800s came to a close and the world propelled itself full of innovation and optimism into the 20th century, there was perhaps nowhere else on the planet more admired and envied (except for the United States) than Argentina.
In fact, just like America in the late 1800s and early 1900s, Argentina was overflowing with immigrants from all over the world looking for a better way of life in that land of opportunity.
12 Assets To Avoid Leaving to Your Heirs When You Die
12 Assets To Avoid Leaving to Your Heirs When You Die
Jennifer Taylor Thu, December 12, 2024 GOBankingRates
You want to leave your loved ones with assets that will enrich their lives. However, not all assets are created equal. Despite your best intentions, some of the assets you plan to bestow upon your heirs might be more of a headache. Whether they’re difficult to manage or potentially costly, you won’t be doing them any favors.
GOBankingRates spoke with financial advisors to find out which assets you don’t want to pass on. Here’s what they had to say.