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BFC Weekly Recap: A $250,000 Catfish Scam, a Reverse Mortgage Mistake, and a Stolen Checkbook
Season 9
Episode 260
Published 1 month, 2 weeks ago
Description
Hosts: Ralph Estep Jr, a licensed public accountant of over 30 years + Juliet, a first-time entrepreneur.
Here are some of the highlights from this week:
- Ralph's grandmother collected a $3,500 unclaimed money windfall from an old credit union account.
- A missing beneficiary form cost a client 35% in estate taxes, a 15-minute fix Ralph walks through.
- Juliet on the self-doubt behind leaving corporate life, and reframing an 18-month payoff goal as $6.60 a day.
- The Dollar Job Framework, and the real take-home pay on a $50-a-night Rover gig.
- A reverse mortgage client put $150,000 under his mattress, and a thief tried to cash a stolen check at her own victim's teller window.
- A $250,000 catfish scam during a client's cancer treatment.
- Some PSLF payment counts dropped this summer, and cashing out an old 401k costs about 40% in taxes.
- Raising a car insurance deductible too high can trigger forced-placed insurance from a lender.
Got a money question? Send it to becomingfinanciallyconfident.com/voicemail.
Or watch live every weekday, 11:30 am ET at becomingfinanciallyconfident.com/live.
Have a great weekend, everybody.
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