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• Fake email addresses - Malicious actors sometimes send from email addresses made to look like an official email address but in fact is missing a letter(s), misspelled, replaces a letter with a lookalike number (e.g. “O” and “0”), or originates from free email services that would not be used for official communications.
Such was the case with a recent scam that occurred in Peachtree City, Georgia, during which an elderly couple was scammed out of $835,000 over a three-month period, Fox 5 Atlanta reported.
Percy Grunwald, a financial expert from Compare Banks, advocates for the benefits of rolling over a 401(k) to and Individual Retirement Account (IRA) or their new employer’s retirement plan. By ...
The minimum withdrawal age for a traditional 401 (k) is technically 59½. That’s the age that unlocks penalty-free withdrawals. You can withdraw money from your 401 (k) before 59½, but it’s ...
The internet can be a fun place to interact with people and gain info, however, it can also be a dangerous place if you don't know what you're doing. Many times, these scams initiate from an unsolicited email. If you do end up getting any suspicious or fraudulent emails, make sure you immediately delete the message or mark it as spam.
The San Diego City Employees' Retirement System had been underfunded in some form for more than a decade. In 2001, as a result of years of sharp increases in pension benefits combined with decreases in pension funding [3] and a decrease in the value of investments, [4] the fund fell below certain funding targets.
Let’s go over three key mistakes many savers make — and how to avoid them. 1. Mismanagement of retirement accounts. Transitioning to retirement requires a thorough review of your savings ...
Mistake #3: Withdrawing From Your 401 (k) Before RMDs Kick In. You can start withdrawing money from your 401 (k) when you turn 59 1/2, but that doesn't mean it's a good idea. The law doesn't ...