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…

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…

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…

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…

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…

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…