BEWARE: Lost Life Savings After Suspected Debit Card Scam

Danielle Antosz Tue, November 19, 2024  Moneywise

This Long Island man lost his life savings after suspected debit card scam — and got no reimbursement. Here’s why

While running errands in New York last year, Grant Holihan of Long Island received a call from Chase Bank asking him to confirm a recent purchase in Las Vegas. But Holihan, 27, claimed to have never been to Las Vegas. He suspected his debit account and PIN were skimmed at an ATM near his construction job site.

6 Types Of People US Retirees Should Absolutely Not Trust

Here Are 6 Types Of People US Retirees Should Absolutely Not Trust — how many have you let into your life?

Christy Bieber   Sun, November 17, 2024  Moneywise

As a retiree, you’ll need your money to last for the rest of your life. You should fill your hours with people who bring you joy — and you must protect your finances by avoiding those who could undermine your financial security.

Unfortunately, problematic people can hurt both your mental health and your long-term prosperity, so it's critical to be cautious about who you spend time with.

3 Smartest Ways To Cash Out Your High-Value Coins

Nicholas Morine  Wed, November 13, 2024   GOBankingRates

Whether you’re a seasoned coin collector or just started looking into precious metals and numismatics during the recent resurgence of interest surrounding this investment community, it’s important to know when — and where — to eventually unload some of your prize pieces.

There are options aplenty, ranging from reputable coin shops to travelling coin shows and traditional auction houses. What exactly are the smartest ways to sell your most valuable coins?

I’m a Self-Made Millionaire: 3 Things To Stop Buying That Are a Waste of Money

Andrew Lisa   Wed, November 13, 2024  GOBankingRates

Part of the reason so many lottery winners and heirs blow their windfalls shortly after getting rich is that they never learned the skills to manage, guard and grow that kind of money. The other reason is that they never had to sweat, sacrifice and risk the fortunes that fell in their laps.

But self-made millionaires know just how hard it is to build riches worth seven figures — and they’re in no rush to return to where they started. Toiling your way to wealth tends to breed financial discipline, which means passing on things that you might want and can afford. That’s how you turn a small fortune into a large one.

6 Things You Should Never Put in a Living Trust

Preston Hartwick

Tue, November 12, 2024 GOBankingRates

Estate planning provides for the smooth handling of your assets after death. However, only around 32% of American adults have a will, indicating that most people haven’t taken the appropriate steps to prepare for the management of their estate, according to LegalZoom.

One essential tool for estate planning is a living trust. It allows your assets to bypass the lengthy, costly probate process and maintains your financial privacy.

Since a living trust can be amended or revoked at any point during your lifetime, it also serves as a flexible way to control your assets, avoid family disputes and ultimately provide peace of mind knowing that your estate will be managed according to your wishes

5 Money Moves Wealthy People Make Before the Start of Any New Year   

By Laura Bogart  October 25, 2024

There are certain traditional ways people ring in the new year. Some clink glasses at midnight, or go in for a lucky kiss. Others meditate. And, let’s be real, plenty are already in bed. Wealthy people may be among those celebrating at parties, on the yoga mat, or off in dreamland — but they’re also a little different. They know that part of embracing the new year means setting themselves up for success.

While you may think the financial moves of the wealthy would be like moving mountains for your own humble accounts, the truth is, a lot of these tips are easy enough for everyday people to follow — including you.

The 5 Most Expensive End-of-Year Money Mistakes, According to Financial Advisors

By Laura Bogart  October 25, 2024  GoBankingRates

These days, you might feel inundated with messages about your resolutions for the New Year before pumpkin-spice season even ends and Mariah Carey breaks out her high note on that iconic holiday classic. You get advertisements for gym memberships, meditation apps and green-eating meal plans — the same stuff you see every year. But you’re determined not to let next year be just like the last.

You’ve decided that this is going to be the year you get everything together, body, mind, and wallet. That’s admirable. While the will to change is a fantastic first step, you’ll go farther — and stay on your journey longer — if you understand the behaviors you don’t want to repeat. This includes the money mistakes that end up costing you big bucks every year — money that’s better where it belongs, back in your wallet.

I’m a Money Expert: 4 Reasons You Should Stock Up on $100 Bills Before the Winter

Joel Lim  Sat, November 9, 2024    GOBankingRates

Digital payments are expected to reach $11 trillion in 2024. That’s a lot of virtual money changing hands.

But what if something goes wrong? It happens all the time. Banks close, digital payment platforms fail, or you lose your debit card. While an increase in spending during the winter months is predictable, the unexpected events are, of course, unpredictable.

So, one thing is clear — there are many things could happen that prevent you from using your hard-earned money. So, is it a good idea to stock up on $100 bills now? Waiting could mean your money gets tied up, and you miss out on your planned purchase.