How to stay protected from pig butchering financial scams? Here are 7 key steps
In simpler terms, pig butchering is a version of smishing where scammers use social media platforms for cyber theft. As the name suggests, the victim is being ‘fattened up’ through validation and friendship before ‘butchering’ i.e. stealing of funds. A simple ‘Hi/Hello’ on a social media platform from a stranger’s profile can turn into a […]
How much money Americans in their 40s have in their 401(k)s
If you’re in your 40s and have over $40,000 saved for retirement, you’re ahead of most people in your age bracket. However, you may need to take some proactive steps in order to retire comfortably. The median 401(k) balance for Americans ages 40 to 49 is $38,600 as of the fourth quarter of 2023, according […]
Walmart shoppers could claim up to $500 in class action lawsuit
Attention shoppers, you may be eligible to receive up to $500 from Walmart if you purchased certain groceries from the big box retailer over the past six years. But the June 5 deadline to file a claim is quickly approaching. A class action lawsuit filed in Florida claims that “Walmart uses unfair and deceptive business […]
How much money Americans in their 30s saved in 2023
In your 30s, your list of financial burdens is probably growing, including everything from paying for child care to saving up for a first home. Despite these challenges, Americans in their 30s managed to save the most money out of any age group in 2023, according to data from New York Life. Those in their […]
EPF: How to know your UAN? A step-by-step guide
The Universal Account Number (UAN) is the identity number for all EPFO (Employees’ Provident Fund Organisation) subscribers which works like PAN for income tax payers. It works like a common identification ID for EPF subscribers who may have multiple employers in quick succession. This effectively means subscribers can have numerous member IDs given by as many […]
How to manage your money in your 40s, according to CFPs
In your 40s, financial priorities can range from taking care of aging parents to funding the activities and futures of your kids. You probably feel more settled than you did in your 20s or 30s, but may not know which money moves you should be making as you coast closer to 50. Here are four […]
Options prices are rising as the market is on edge. How to use this to your advantage
Options premiums are rising and we’ll discuss how to take advantage of that by generating income through a covered call options strategy. Specifically, we’ll look at applying that trade to Domino’s Pizza, which has delivered some tasty returns of greater than 20% so far this year. There was plenty of cause for alarm over the […]
How to Catch a Fraudster – your questions answered | Insights
Could you repeat the phone number for reporting an attempted fraud? 7726 is the number you should send all suspicious fraud text messages to. It spells SPAM on your keyboard where the keys have letters on them too. The telephone number to report fraud to is the Action Fraud number 0300 1232040, or contact Police […]
CPI inflation is still high. How to measure what that means for you
A customer shops at a supermarket in Tokyo on Feb. 27, 2024. Kazuhiro Nogi | Afp | Getty Images New government inflation data released Wednesday came in hotter than expected. That may not be a surprise to consumers who are still feeling the weight of higher prices. Inflation — as measured by the consumer price […]
Regional banks are struggling. Here’s why and how to profit from the trend with options
Regional banks are taking hits this week and investors are increasing their bearish bets on the sector. I’ll break down the perceived problem with the industry and whether there is a buying opportunity or more downside ahead. And how to lower your risk by making the potential trade with options. The SPDR S & P […]