Tag: retirement
Cash-strapped workers understandably are tempted to spend their tax refunds, a sort of financial lifeboat that floats by once a year. Financial experts see the windfall as something more: an ideal opportunity to sock money away. Yet only about 10 percent of low-income workers save their refunds, even though doing so could prevent the financial dominoes –…
Two Morgan Stanley investment advisers agreed last week to plead guilty to stealing nearly $500,000 in a set of schemes that took particular aim at their elderly or retired clients, the U.S. Department of Justice charged. One client is in his mid-80s. Multiple allegations detailed in the federal complaint demonstrate the creative ways that trusting…
