Latest news with #Handy
Yahoo
5 days ago
- Business
- Yahoo
NYC man lost $114,000 — his entire 401(k) — after his physical check from Paychex was stolen and cashed
Dylan Handy did everything right — or so he thought. Two years ago, when he was 33, Handy tried to roll over his $114,000 401(k) after switching jobs. Instead of a secure digital transfer, Paychex sent paper checks. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) Unfortunately for Handy, those checks were intercepted and fraudulently cashed. 'This outdated and insecure method remains standard practice in the retirement industry,' Handy told The New York Times. The kicker? Handy wasn't even told electronic transfer was an option. And more importantly, he may now owe taxes on a stolen account. So why are retirement plan administrators still using physical checks? And how can you protect your money and avoid ending up in a situation similar to Handy's? A 2024 survey by Capitalize revealed just how many people still deal with paper checks during rollovers — a whopping 43%. Americans are running out of patience. More than 80% of savers say rolling over a 401(k) should be as simple as making a bank transfer. But for those stuck with the manual process, it often means phone calls, long wait times and a lot of uncertainty. So why are plan administrators holding on to this outdated method? Physical checks persist because of legacy systems, regulatory concerns and a lack of standardized digital options. In Hardy's case, he's now in federal court suing Paychex after months of getting nowhere with banks and no reimbursement for the bulk of his lost savings. His lawyer argues Paychex is responsible. Paper checks in 401(k) rollovers expose savers to serious risks, including: Fraud and theft: Physical checks are easier to intercept, alter or cash without authorization. Delays and inconvenience: Mailing checks, waiting for them to clear and making sure they reach the right hands can take weeks — sometimes months. Capitalize found that 42% of savers experienced rollovers that took two months or more. Lack of transparency: Tracking paper checks and resolving problems can be a nightmare. In fraud cases, figuring out who's responsible and recovering money is often a complex, drawn-out process. Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says — and that 'anyone' can do it While protections like the Employee Retirement Income Security Act (ERISA) exist, they are limited. There's only so much liability coverage. If a check is stolen and cashed by someone else, blame may fall on the issuer, the accepting bank or the account holder. Sorting that out can take a long time. And even when a claim is valid, banks may take up to 90 days to respond. That you could be without your retirement funds for months. With check fraud and scams on the rise, protecting your money during a 401(k) rollover is more important than ever. Here are a few smart steps to keep your savings safe: Work with a qualified advisor: Make sure any financial advisor you consult is a Certified Financial Planner™ who's legally required to act in your best interest. The right advisor can help you avoid shady products and high-pressure sales tactics. Opt for direct transfers: Whenever possible, ask your 401(k) provider to transfer funds directly to your new retirement account. It's faster and more secure. Use secure mail: If a paper check is your only option, request certified mail with tracking. This cuts down the chance of interception. Monitor your accounts: Check your accounts regularly for suspicious activity. If something looks off, report it immediately. Stay informed: New scams pop up all the time — from fake self-directed IRAs to bogus investment platforms. The more you know, the easier it is to spot red flags. Check fraud isn't going away, so it's up to people saving for retirement to stay alert and take action. Even though some protections are in place, being proactive is your best defense. Your retirement money deserves better than a risky, outdated process, it deserves your full attention. Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now This is how American car dealers use the '4-square method' to make big profits off you — and how you can ensure you pay a fair price for all your vehicle costs Like what you read? Join 200,000+ readers and get the best of Moneywise straight to your inbox every week. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
NYC man lost $114,000 — his entire 401(k) — after his physical check from Paychex was stolen and cashed
Dylan Handy did everything right — or so he thought. Two years ago, when he was 33, Handy tried to roll over his $114,000 401(k) after switching jobs. Instead of a secure digital transfer, Paychex sent paper checks. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) Unfortunately for Handy, those checks were intercepted and fraudulently cashed. 'This outdated and insecure method remains standard practice in the retirement industry,' Handy told The New York Times. The kicker? Handy wasn't even told electronic transfer was an option. And more importantly, he may now owe taxes on a stolen account. So why are retirement plan administrators still using physical checks? And how can you protect your money and avoid ending up in a situation similar to Handy's? A 2024 survey by Capitalize revealed just how many people still deal with paper checks during rollovers — a whopping 43%. Americans are running out of patience. More than 80% of savers say rolling over a 401(k) should be as simple as making a bank transfer. But for those stuck with the manual process, it often means phone calls, long wait times and a lot of uncertainty. So why are plan administrators holding on to this outdated method? Physical checks persist because of legacy systems, regulatory concerns and a lack of standardized digital options. In Hardy's case, he's now in federal court suing Paychex after months of getting nowhere with banks and no reimbursement for the bulk of his lost savings. His lawyer argues Paychex is responsible. Paper checks in 401(k) rollovers expose savers to serious risks, including: Fraud and theft: Physical checks are easier to intercept, alter or cash without authorization. Delays and inconvenience: Mailing checks, waiting for them to clear and making sure they reach the right hands can take weeks — sometimes months. Capitalize found that 42% of savers experienced rollovers that took two months or more. Lack of transparency: Tracking paper checks and resolving problems can be a nightmare. In fraud cases, figuring out who's responsible and recovering money is often a complex, drawn-out process. Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says — and that 'anyone' can do it While protections like the Employee Retirement Income Security Act (ERISA) exist, they are limited. There's only so much liability coverage. If a check is stolen and cashed by someone else, blame may fall on the issuer, the accepting bank or the account holder. Sorting that out can take a long time. And even when a claim is valid, banks may take up to 90 days to respond. That you could be without your retirement funds for months. With check fraud and scams on the rise, protecting your money during a 401(k) rollover is more important than ever. Here are a few smart steps to keep your savings safe: Work with a qualified advisor: Make sure any financial advisor you consult is a Certified Financial Planner™ who's legally required to act in your best interest. The right advisor can help you avoid shady products and high-pressure sales tactics. Opt for direct transfers: Whenever possible, ask your 401(k) provider to transfer funds directly to your new retirement account. It's faster and more secure. Use secure mail: If a paper check is your only option, request certified mail with tracking. This cuts down the chance of interception. Monitor your accounts: Check your accounts regularly for suspicious activity. If something looks off, report it immediately. Stay informed: New scams pop up all the time — from fake self-directed IRAs to bogus investment platforms. The more you know, the easier it is to spot red flags. Check fraud isn't going away, so it's up to people saving for retirement to stay alert and take action. Even though some protections are in place, being proactive is your best defense. Your retirement money deserves better than a risky, outdated process, it deserves your full attention. Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now This is how American car dealers use the '4-square method' to make big profits off you — and how you can ensure you pay a fair price for all your vehicle costs Like what you read? Join 200,000+ readers and get the best of Moneywise straight to your inbox every week. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time Business News
21-05-2025
- Time Business News
Handy Reparatur: Your Ultimate Guide to Mobile Phone Repair
In today's fast-paced digital world, smartphones have become indispensable tools for communication, entertainment, and productivity. However, as reliable as these devices may seem, they are prone to wear and tear, accidental damage, and technical malfunctions. When your phone breaks down, the search for a trustworthy Handy Reparatur (mobile phone repair) service becomes crucial. Whether it's a cracked screen, battery issues, or software glitches, knowing where to get fast and professional repairs can save you time, money, and frustration. One such trusted resource for mobile phone repairs in Germany is Handy Reparatur, a service dedicated to providing expert solutions for all your smartphone problems. The term Handy Reparatur is German for 'mobile phone repair.' It involves diagnosing and fixing problems related to both the hardware and software components of smartphones. This can range from simple fixes like screen replacements to complex repairs such as motherboard issues. Mobile phones are expensive gadgets packed with advanced technology. Rather than replacing a faulty device, repairing it is often the more cost-effective and environmentally friendly option. Handy Reparatur services help restore your device to full functionality, prolonging its lifespan and maintaining its value. A shattered display is one of the most common reasons for visiting a Handy Reparatur service. Whether caused by drops or impacts, a damaged screen not only affects usability but can also pose safety risks with sharp glass shards. Batteries lose capacity over time, leading to shorter usage periods or unexpected shutdowns. Replacing the battery can significantly improve your phone's performance and reliability. Sometimes phones fail to charge due to damaged charging ports, faulty cables, or internal hardware issues. Handy Reparatur specialists can diagnose and fix these problems efficiently. Accidental exposure to water or other liquids can cause severe damage. Quick professional intervention often saves the device from permanent failure. From frozen screens to apps crashing or the operating system failing to boot, software problems may require resetting, updating, or reinstalling the firmware. Purchasing a new smartphone can be costly, especially for flagship models. Repairing your current phone is often a fraction of the price and delivers excellent value for money. Professional Handy Reparatur technicians have the skills, experience, and tools needed to accurately diagnose problems and fix them right the first time. Reputable repair services use high-quality or original parts, ensuring that repairs last longer and your phone continues to perform optimally. Unlike device replacements or factory resets, repairs generally preserve your personal data, including contacts, photos, and messages. Many Handy Reparatur providers offer warranties on their repairs, giving customers peace of mind in case issues reoccur. While many online tutorials may encourage self-repair, attempting to fix a smartphone without proper training can result in further damage or voiding the manufacturer's warranty. Professional Handy Reparatur technicians use specialized tools and follow manufacturer guidelines, ensuring safe, effective repairs with minimal risk. Customer feedback on platforms like Google, Yelp, or Trustpilot can provide valuable insights into a repair service's reliability and quality. Choose technicians with proven experience and relevant certifications to guarantee high standards of workmanship. Consider services that offer quick turnaround times and convenient options such as in-store, mail-in, or on-site repairs. A reputable Handy Reparatur service should provide clear pricing without hidden fees. From screen replacements to battery swaps, iPhones are among the most frequently repaired devices. Samsung phones often require repairs for their AMOLED displays, cameras, and charging components. These brands have gained popularity and thus, professional Handy Reparatur services have adapted to support a wide range of models and issues. Repairing smartphones instead of discarding them helps reduce the growing problem of electronic waste, conserving resources and reducing pollution. By opting for Handy Reparatur, consumers contribute to a culture of sustainability and responsible technology use. Increasingly, governments and consumer groups advocate for the 'Right to Repair,' pushing manufacturers to provide spare parts, manuals, and tools for independent repairs. Future Handy Reparatur will benefit from innovations such as modular phone designs and improved diagnostic tools, making repairs simpler and more accessible. Screen replacement: €70 – €150 Battery replacement: €40 – €80 Charging port repair: €50 – €100 Water damage repair: varies widely Simple repairs can be completed within hours, while more complex issues may take several days depending on part availability. Use protective cases and screen protectors. Keep your phone dry and avoid exposure to liquids. Regularly update your phone's software. Avoid using unofficial charging cables. Handle your phone with care to prevent drops. When it comes to reliable, professional smartphone repair, Handy Reparatur stands out for its combination of expertise, quality service, and customer care. Their technicians are experienced in repairing all major brands and models, using genuine parts to ensure durability. Whether you need a quick screen fix or a more complicated repair, you can trust their transparent pricing and fast turnaround times to get your device back in top shape. Smartphones are essential devices that keep us connected in today's world. When these devices malfunction, seeking professional Handy Reparatur services is the smartest way to restore their function efficiently and economically. Instead of replacing your device prematurely, consider expert repair options to extend your phone's life, save money, and reduce environmental impact. For dependable, high-quality repairs, visit Handy Reparatur – your trusted partner for all your mobile phone repair needs. TIME BUSINESS NEWS
Yahoo
13-05-2025
- Business
- Yahoo
The Fastest, Strongest Beach Shade Is Back in Stock - And It's Changing the Way America Does Beach Days
Superior sun and heat protection + unmatched wind-resistance in just 10 seconds MIAMI, FL / / May 13, 2025 / Beach days should be relaxing. But ask anyone who's spent 15 minutes struggling with a floppy umbrella, and they'll tell you: most beach gear isn't built for real conditions. That changes now. Handy Beach Goods, a Florida-based startup, has just restocked its viral innovation - the Handy Beach Umbrella & Anchor System - designed to be the fastest, most secure shade setup on the market, delivering superior sun and heat protection plus unmatched wind resistance - all in just 10 seconds. The fastest-to-set-up windproof beach umbrella - because no one has time to fight their shade The Handy system goes from bag to anchored in under 10 seconds, with no tools, no digging, and no small parts to fumble with. Simply step, hammer, and relax. It's a game-changing upgrade for anyone who's tired of chasing runaway umbrellas or sweating through complicated setups. Built for real wind - not just marketing promises What sets Handy apart isn't just ease - it's performance. While most umbrellas tip or lift in strong gusts, Handy stays locked in thanks to its reinforced anchor system and vented canopy. It's one of the few products on the market that successfully passes the wind tunnel test per the new ASTM F3681 standard for wind safety, holding strong in winds up to 30 mph. Serious sun protection you can trust The canopy is made with 160g recycled RPET fabric - over 33% thicker than most umbrellas - and rated UPF 55 for advanced UV protection. A reflective silver lining bounces sunlight away and is designed to keep the shade up to 10°F cooler underneath. It's a noticeable difference that protects sensitive skin and improves comfort during long beach days. Designed to last - season after season Handy isn't another throwaway beach product. Its steel pole and fiberglass ribs resist bending and snapping, while the canopy fights fading, tearing, and stretching. From Florida heat to Pacific coast winds, Handy was built for real use in real conditions. Sustainable + smart Each canopy is made from recycled plastic bottles - about 80 per umbrella. Unlike cheap, virgin plastic umbrellas that quickly end up in landfills, Handy is built to last and designed with lower waste in mind. This embedded content is not available in your region. Fast to pack, easy to carry When it's time to go, tear-down is just as easy. Shake off the sand, zip it into its roomy carry bag, and you're done. No fighting with unwieldy parts or too-tight storage cases. It's the kind of gear that respects your time - and your back. Made by beachgoers, for beachgoers "I didn't set out to start a beach gear company," says Agnes, co-founder of Handy Beach Goods. "I just wanted a product I could set up by myself while keeping track of my kids. When I couldn't find it, we built it. Handy is fast, windproof, sun-safe, and designed for real life at the beach." The Handy Beach Umbrella & Anchor System ( Beach Umbrellas with Anchor System - The World's Fastest Wind-Resistant Beach Shade Setup ) is available now at Media Contact:Agnes, Handy Beach Goodscontact@ Disclaimer: While the Handy Beach Umbrella provides superior UV protection, no shade system offers 100% protection. Always use sunscreen, wear protective clothing, and follow the American Cancer Society's sun safety guidelines. Always follow instructions for proper setup to ensure maximum safety and performance. SOURCE: Handy Beach Goods View the original press release on ACCESS Newswire
Yahoo
23-04-2025
- Business
- Yahoo
Is Angi Inc (ANGI) The Top Falling Stock with Unusual Volume?
We recently published a list of . In this article, we are going to take a look at where Angi Inc (NASDAQ:ANGI) stands against other top falling stocks with unusual volume. Uncertainty around tariffs and macroeconomic conditions has dented investor confidence, resulting in stock prices falling. While some stocks have come under pressure due to the above two reasons, others have simply followed the market direction or have dipped for company-specific reasons. Regardless of the reasons for stocks going down, falling stocks provide an opportunity for fresh investors to get in at good prices. Once the risks subside, these stocks usually recover quickly as well. We decided to uncover these stocks and see if it makes sense to put money in them to take advantage of the ongoing market turmoil. To come up with our list of top 20 stocks falling with unusual volume, we looked at stocks over $300 million in market cap, their one-week performance, and used relative volume to detect the unusual volume activity. Relative volume compares the daily volume to the three-month average trading volume of the stock, making it easy to detect spikes in volume. These spikes usually signal something important is happening, which, when combined with falling prices, becomes a red flag that investors can't ignore. A professional tradesperson working in the home of a customer, providing quality service. Angi Inc (NASDAQ:ANGI) links consumers and home professionals. It operates in Services, Ads and Leads, and International segments. The company operates under different brands including HomeAdvisor, Handy, and Angi. The stock is down 8.23% in a week on a relative volume of 2.04. Last week, the company's stock was downgraded by RBC Capital. The firm lowered the price target significantly from $27.5 to $17. The reason for the downgrade was a weaker macro environment resulting in softer consumer sentiment, which is expected to hit small and medium-sized businesses hard. The above news worsened the sentiments, which were already quite low after the successful spin-off of IAC's stake in the company earlier in the month. The company has improved its margins and platform usage statistics look attractive, but until the company solves the problem of declining revenues, there is unlikely to be a change in sentiment. Overall, ANGI ranks 11th on our list of top falling stocks with unusual volume. While we acknowledge the potential of ANGI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ANGI but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at .
