As inflation rates slow down, there seems to be a sense of relief in the economic landscape. The economy is showing signs of growth, accompanied by a decrease in the rate of price growth as well as a strong job market. However, this positive outlook is overshadowed by the fact that prices remain high and
Personal
When planning for retirement, it’s crucial to understand how your investment choices could impact your future tax obligations. Many individuals have a significant portion of their savings tied up in tax-deferred accounts like traditional 401(k)s and IRAs, which means that they will be subject to income taxes upon withdrawal. This can potentially push them into
Imagine the sinking feeling in your stomach when you realize that your wallet is missing. That was the unfortunate situation I found myself in last week as I was packing up to leave work. The empty space in my backpack that should have held my wallet sent my heart racing and my mind into a
In the year 2023, employment scams experienced a significant spike as criminals utilized artificial intelligence to exploit job seekers. The Identity Theft Resource Center reported a staggering 118% increase in consumer reports of job scams compared to the previous year. These scammers often pose as recruiters, post fraudulent job listings, and then proceed to extract
In recent years, the concept of micro weddings has been gaining popularity as couples look for more intimate and cost-effective ways to tie the knot. This trend has been accelerated by rising wedding costs and the impact of the COVID-19 pandemic on large gatherings. Vanessa Acosta and Sam Roberts are a prime example of how
The investment preferences of young, wealthy investors are diverging significantly from those of older generations, according to recent research conducted by Bank of America. Individuals between the ages of 21 and 43 with at least $3 million in investable assets are increasingly allocating a substantial portion of their portfolios to alternative assets such as hedge
The Internal Revenue Service (IRS) is currently facing a staggering pileup of tax identity theft cases, with approximately 500,000 unresolved cases as of April. This number has surged from 484,000 cases back in September, indicating a troubling trend that is worsening over time. Identity theft victims have been enduring long wait times for resolution, with
The movie “Thelma” presents a story of a 93-year-old grandmother who falls victim to a scam call from someone claiming to be her grandson in need of financial help. While this scenario was fictionalized for the big screen, the reality of such scams, known as grandparents’ scams or family emergency scams, is more prevalent than
In today’s digital age, social media has revolutionized the way we approach vacation planning. What used to be a time for relaxation and enjoyment has now become a performance for the masses, with the pressure to capture the perfect photos and share them online. The rise of platforms like Instagram and TikTok have led to
Wealth accounts are becoming a target for cybercriminals who use emotional manipulation in romance scams. The criminals build trust and relationships with their victims, leading them to willingly provide access to their accounts or transfer money. According to Tracy Kitten from Javelin Strategy & Research, consumers lost $1.14 billion to romance scams in 2023, with