Mistake Archives - DR News - News, Retirement, Finance

Carer’s Allowance Nightmare: Woman Forced to Repay £4,000 After Honest Mistake

Bath, United Kingdom – Davina Ware recounts the anguish she feels over her experience with the carer’s allowance, a modest weekly benefit meant for those revered by the government as Britain’s “unsung heroes.” Her voice trembles with pain as she describes feeling “humiliated,” “devastated,” and “treated like a conniving thief” by the Department for Work and Pensions (DWP). Ware received a demand to repay nearly £4,000 just three months before her retirement, stemming from a …

ELECTION MISTAKE: Chicago Board of Elections Admits Error, Adds Over 10,000 Votes to Count

Chicago, Illinois – The Chicago Board of Elections acknowledged a significant mistake in the vote count as the city eagerly anticipates the outcome of the Democratic primary race for Cook County state’s attorney. Eileen O’Neill Burke currently leads Clayton Harris III by a slim margin of over 2,000 votes, with O’Neill Burke having 259,445 votes compared to Harris’ 257,430 votes. The error, which resulted in the omission of more than 10,000 vote-by-mail ballots from the …

Social Security Retirement Benefits: Mistake or Necessity at 62?

Pittsburgh, PA – A retired individual shared their experience of being compelled to opt for Social Security retirement benefits at the age of 62 instead of Supplemental Security Income (SSI). Now at the age of 71, they are questioning if this decision was an error on the agency’s part. This situation raises concerns about the complexities of social security benefits and the various factors that come into play when individuals make such decisions. It is …

Retirement Savings at Risk: Avoid this Common Pension Mistake in Divorce

Houston, TX – Divorce can often have far-reaching financial consequences, and a mistake in handling pensions during divorce proceedings could significantly impact an individual’s retirement savings. The mishandling of pension division can potentially lead to a much poorer retirement, leaving individuals without the necessary financial security in their later years. When couples divorce, assets such as pensions must be divided fairly and in accordance with the law. Failure to do so could result in one …

Retirees’ Biggest Mistake: Claiming Social Security Too Early

Raleigh, NC – Deciding when to claim Social Security can have a significant impact on your financial well-being during retirement. The timing of your application depends on various factors, such as your monthly expenses and life expectancy. For some individuals, claiming Social Security benefits as soon as they turn 62 may be the best decision, while others may benefit from waiting until a later age. However, there is one common decision regarding Social Security that …