Good morning. Today's issue is about money you thought was safe — a retirement benefit that vanished, an inheritance under pressure, and a scam that makes it impossible to trust the voice on the other end of the phone.
On The Money Today:
Luis Ramos worked decades without a pension because of a clerical error nobody caught until he was 95
A man paid off his sister's debt and now his father wants his $100K inheritance too
Scammers cloned a mom's daughter's voice and stole $5,400 — the FBI says you could be next
Let's get into it.
Luis Ramos kept showing up to work for nearly 30 years because city officials told him he wasn't eligible for a pension. His daughter found proof they were wrong — buried in decades of pay stubs he never threw out. The city has since agreed to pay up, but he's 95 and living with Alzheimer's.
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Jason is 51, grieving two family deaths and financially stable. His father's ask: give his $100K inheritance to his sister, who has always struggled with money. What his dad left out — Jason already negotiated down her credit card debt out of his own pocket. His sister is also getting her own $100K from the same estate. The Ramsey Show co-hosts had one answer.
The call came from her daughter's number. The voice was crying, saying she'd been in a car accident — it sounded exactly right, because scammers had cloned it from social media. The Bay Area mom sent $5,400 before she realized. The FBI says this scam has now cost Americans $893 million.
ALSO MAKING THE ROUNDS TODAY
INVESTING: Trump wants Fort Knox audited after a $40M gold heist — here's how to actually get exposure to the yellow metal
MANAGING MONEY: Boomers are downsizing the wrong things in retirement and the regrets are costly
AUTO: Suze Orman says your car loan habit is wrecking your finances — and the math backs her up
ECONOMY: 73% of Americans say they're doing fine — but only 26% think the economy is good
HAVE YOUR SAY
Your sibling blew through $100K and is asking for your share too. What do you do?
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See you soon with another quick roundup of the financial news that matters.
