401k

NC woman drained savings, 401K to help ‘friend’ that turned out to be a scam — but it only got worse from there

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NC woman drained savings, 401K to help ‘friend’ that turned out to be a scam — but it only got worse from there

A fraudster brought home the bacon after a massive pig butchering scam. Lori Flowers, 58, was the latest victim in a massive, $600,000 scam after thinking she was helping out a friend.  The pig-butchering scam — an investment scheme where victims get “fattened” with false attention before getting exploited financially — happened after Flowers thought … Read more

Americans believe they need this much to retire, but actually have far less stashed away: study

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Americans believe they need this much to retire, but actually have far less stashed away: study

Americans certainly have a good idea of how much they’ll need to retire one day — they just don’t have the same savings in the bank yet. A recent study showed many Americans believe they should have about $1.46 million stashed away to retire comfortably. However, here’s the reality: most Americans, on average, have less … Read more