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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.
Social Security Income is Taxable. “Up to 85% of your Social Security benefit might be included in your taxable income,” said Justin Pritchard, CFP at Approach Financial, Inc. “That’s a ...
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 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.
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 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 ...
When entering retirement, would it be best to transfer your pension fund and 401(k) from your employer account to your own personal individual retirement account (IRA), keeping them under one roof?
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