Michael Boggiano Comments in Daily Mail on Rising Debt Collection Calls
A recent Daily Mail–linked report underscores a dramatic jump in debt collection call complaints across the U.S., a troubling trend echoed in coverage by NumberBarn and similar outlets. The analysis reveals a staggering 150% year‑over‑year surge, from roughly 45,000 complaints in Q1 2024 to over 112,000 in Q1 2025, with nearly half identified as abusive or harassing In response, Michael Boggiano, Managing Partner at Wealthcare Financial, describes the situation as “a perfect storm”: escalating economic pressure has consumers overwhelmed, while scam attempts posing as debt collectors are compounding the issue. Read the Full Article Here
Wealthcare Financial’s Michael Boggiano Weighs In on Soaring Debt Collector Complaints
A recent Money.com article exposes a dramatic rise in debt collection calls, particularly in Q1 2025, when complaints to the FTC more than doubled—from around 45,000 to over 112,000. This uptick, money experts note, is driven by both traditional collectors intensifying recovery efforts and an increase in scam activity—all set against the backdrop of record-high household debt (now over $18 trillion) and growing delinquencies. Amid this surge, Michael Boggiano, Managing Partner at Wealthcare Financial, comments that the situation reflects “a perfect storm”: heightened stress among consumers paired with a wave of fraudulent actors posing as debt collectors. Read the […]
Michael Boggiano Featured in MSU Career Services 401(k) Article
The Michigan State University Career Services Network recently published an article demystifying the 401(k), featuring insights from Michael Boggiano, Managing Partner at Wealthcare Financial. In the piece, Michael breaks down how these retirement plans function, the distinctions between traditional and Roth accounts, and the advantages of contributing early. He also points out why reviewing investment options, understanding withdrawal rules, and making the most of employer matching can be key steps toward building a stronger retirement strategy. Read the Full Article Here
Michael Boggiano Weighs In on Hobby Income in Kiplinger Feature
In a recent Kiplinger article, Michael Boggiano, Managing Partner at Wealthcare Financial, offers a thoughtful take on the pros and cons of monetizing hobbies during retirement. He highlights that while turning a pastime into income can help supplement savings and keep retirees engaged, it also comes with important caveats. Boggiano cautions that hobby income is often unpredictable and lacks the stability and benefits of traditional employment. “If you’re relying on the income to make ends meet, having a Plan B in place is crucial,” he explains. He also warns that what starts as a fun activity can quickly become a […]
Michael Boggiano Shares Insights on Monetizing Hobbies in Retirement
In a recent article for WDC News 6, Michael Boggiano, Managing Partner at Wealthcare Financial, weighs in on the growing trend of retirees turning hobbies into side income. While the appeal is clear, staying active while supplementing retirement funds, Boggiano highlights key factors retirees should consider before diving in. He notes that hobby income is often unpredictable and typically lacks the benefits or consistency of traditional part-time work. “If you’re relying on the income to make ends meet, having a Plan B in place is crucial,” he says. Without a broader financial strategy, retirees may risk more than they […]
Wealthcare’s Insight on 401(k) Plans Featured in Grinnell College Career Blog
Grinnell College’s career services recently shared a detailed guide to 401(k)s titled “What Is a 401(k)? Everything You’ve Been Wondering, Explained,” which includes guidance from Michael Boggiano, Managing Partner at Wealthcare. Boggiano explains that managing a 401(k) typically means logging into your provider’s online portal to review your investments and make adjustments as your goals and timelines change. He also reminds readers that during market downturns, it’s often best to stay the course—these periods can present opportunities, not just risk. His practical approach helps students and early-career professionals feel empowered to take control of their 401(k) plans and build […]
Michael Boggiano Discusses Social Security Tradeoffs for Working Retirees in NTD
As more Americans continue working past traditional retirement age, questions around Social Security timing have become increasingly important. In a recent NTD article, Michael Boggiano of Wealthcare offers clarity on how working while collecting Social Security can affect benefits. Boggiano explains that retirees who claim Social Security before reaching full retirement age may see temporary benefit reductions if their earnings exceed the annual limit. However, these reductions are not permanent. Once full retirement age is reached, the Social Security Administration recalculates monthly payments to reflect the withheld amounts. He also breaks down how the earnings limit adjusts in the […]
Helping Kids Build a Foundation for Financial Literacy
MindBodyGreen recently explored how to introduce kids to the basics of money in practical, everyday ways. In the article, Shaun Tarzy, managing partner at Wealthcare Financial, emphasizes the importance of using real-life experiences to help children understand financial concepts. His advice? Make lessons relatable and consistent to help young people build strong money habits that carry into adulthood. Read the Full Article Here
Michael Boggiano’s Retirement Tips Featured on NewsBreak
NewsBreak recently spotlighted an article outlining common missteps that retirees can encounter, even those who feel financially ready for the next chapter. Michael Boggiano of Wealthcare shares several important considerations to help individuals avoid these potential pitfalls. He notes that healthcare is one of the biggest wild cards in retirement planning, with expenses that can quietly accumulate over time. Boggiano also calls attention to the risk of cognitive decline, stressing the importance of preparing safeguards in advance, such as assigning a trusted financial contact to help navigate future decisions. Another issue Boggiano raises is the tendency to stick with […]
Michael Boggiano Shares Retirement Planning Guidance in MSN Article
Wealthcare’s Michael Boggiano offers key insights for MSN into retirement mistakes that can affect even the most financially prepared individuals. Boggiano underscores the financial burden of healthcare in retirement, pointing out that costs from long-term care, experimental treatments, or home modifications can total hundreds of thousands of dollars over time. He also emphasizes the importance of planning for cognitive decline, encouraging retirees to put protective measures in place, like appointing a trusted financial power of attorney, to help avoid costly errors or potential exploitation in later years. Lastly, Boggiano highlights the need for flexibility in retirement withdrawal strategies. A […]
