In today’s world, a “one-size-fits-all” retirement concept is not for everyone. Rather than defining retirement as the complete end of a 40-year working career, individuals are increasingly taking early retirement, taking several smaller retirements, or working longer, but only partially. Fortunately, there is a savings instrument that offers specificRead More →
The UK government is seizing funds in dormant bank accounts worth approximately $185 million to fund its coronavirus relief efforts. So far, 30 banks have been voluntarily transferring money from dormant accounts to the government, including HSBC, Barclays, Clydesdale, Credit Agricole, Danske, Santander, Lloyds, and Bank of Scotland. The governmentRead More →
© Reuters. The Google internet homepage is displayed on a product at a store in London By Joseph Menn SAN FRANCISCO (Reuters) – Google is planning to move its British users’ accounts out of the control of European Union privacy regulators, placing them under U.S. jurisdiction instead, the company confirmedRead More →
Saudi supporters called for an Amazon boycott on Thursday, angered by the accusations that their crown prince had hacked Jeff Bezos’s phone. U.N. human-rights experts linked Crown Prince Mohammed bin Salman on Wednesday to the hacking of a phone belonging to the Amazon AMZN, -0.43% founder and Washington PostRead More →
Dear Moneyist, I have a money problem that is somewhat different from what I read in your column. It is a problem that many would not view as a problem, but it’s eating me alive. I am 22 years old. I graduated from college last May and, nearly immediately, startedRead More →
Facebook Inc. FB, +0.12% and Twitter Inc. TWTR, +0.31% have taken down a global network of fake accounts used in a coordinated campaign to push pro-Trump political messages, including some that used artificial intelligence tools to try to mask the behavior, the companies and outside research firms they worked withRead More →
Dear Moneyist, My husband was diagnosed with brain cancer in 2001. Doctors told us not to bother acquiring long-term health care since he wouldn’t live five years. Hey, we were happy. He could have been hit by a bus. He passed in 2016. I turned out to be his long-termRead More →
Dear Moneyist, I live in Florida with my husband. Things have not been going great lately and I am planning to divorce him. We have lived in this state for two years. We were both born and raised in Indiana. While living in Indiana before ever marriage, I set upRead More →
Life is expensive. That’s something most Americans can agree on, and financial setbacks of all sizes can take even dedicated savers off course. Almost half of Americans said they withdrew from their retirement accounts early, a recent Bankrate survey found, because of unemployment, unexpected bills (including medical) and debt repayment.Read More →
© Reuters. Iranians in Malaysia say banks close their accounts as U.S. sanctions bite By Liz Lee and A. Ananthalakshmi KUALA LUMPUR (Reuters) – Banks in Malaysia are closing the accounts of Iranian individuals and companies, nearly a dozen affected people told Reuters, in a sign that U.S. sanctions areRead More →
On July 26, 15-year-old Ben was surprised to find he couldn’t log into five of his eight Instagram FB, +1.53% accounts. The meme curator, who goes by the pseudonym “spicymp4” and chose not to give his last name to MarketWatch, owned multiple popular comedy accounts. One such account, @spicy.mp4, hadRead More →
© Reuters. FILE PHOTO: The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow By Christopher Bing, Jack Stubbs and Joseph Menn WASHINGTON/LONDON/SAN FRANCISCO (Reuters) – Hackers working for Western intelligence agencies broke into Russian internet search company Yandex in late 2018 deploying a rareRead More →
© Reuters. The logo of Mexican steelmaker Altos Hornos de Mexico is seen in Monclova MEXICO CITY (Reuters) – Altos Hornos de Mexico, one of Mexico’s largest steelmakers, said on Monday that the Finance Ministry’s Financial Intelligence Unit had “improperly” frozen its bank accounts. AHMSA, as the steelmaker is known,Read More →
Go ahead, have that latte. That’s probably not the thing that’s breaking the bank for you. When Matt Kelly and his wife Cheri faced debts of roughly $65,000 in 2005, they decided something must be done. So they cut food costs from about $500 to $300 a month, and paredRead More →
(This article has been updated with 2019 income and contribution limits.) Free? Everyone likes free. Add on “tax-free,” and it’s even better. The Roth accounts offer a fantastic way to accumulate money tax-free. New tax laws make Roth accounts look better than ever. The Tax Cut & Jobs Act loweredRead More →
© Reuters. FILE PHOTO: Logo of Gazprombank is pictured at company’s stand during St. Petersburg International Economic Forum 2016 in St. Petersburg By Tatiana Voronova MOSCOW (Reuters) – Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm toRead More →
Dear Moneyist, My sister recently passed away, unexpectedly. She was never married and had no children, but there are 4 living siblings. She had 7 retirement accounts. The beneficiary was changed on 6 accounts to her friend back in 2013. The 7th, which has the most money, was changed toRead More →
