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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.
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 ...
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 Pension Rights Center, a nonprofit organization, can also help find a missing retirement plan via its PensionHelp America service. A final option: Search your state’s unclaimed property ...
If you close a Roth 401 (k) or 403 (b) and withdraw the money, you won’t owe taxes on your contributions, since you paid taxes on them already. But if you take out earnings before age 59 ½, you ...
The system is broken because it depends upon your 25-year-old niece or nephew to start saving 7.6% of their pay every paycheck and leave it there for 42 years and invest it optimally, and then ...
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.
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