Winning the lottery can be both a blessing and a curse, as a Reddit user found out after he won millions. The original poster (OP) is from a state that does not allow anonymous…
Does your mother deserve access to your savings account when you are an adult? A Reddit user has posed this question recently. She’s 24 years old and has been working since she was 18.…
If you receive Social Security benefits, your payments are getting bigger this year. That’s because you’re getting a Cost of Living Adjustment or COLA. COLAs happen most years, and they are designed to help…
Not too many 37-year-olds have a $10 million net worth, but one Reddit poster has accomplished this amazing feat. The Redditor owns $2 million of real estate, $1 million in retirement funds, and another…
Is it possible to contribute too much to your 401(k) account? This is the question a Reddit poster recently asked. The original poster (OP) is 26 and has been investing 15% of their pre-tax income…
For many people, work provides fulfillment. Around 51% of people report they are very satisfied with their job overall, according to Pew Research. An even higher number — upwards of 60% — indicate they…
Should you leave your kids money even if you have an estranged relationship? This is the issue that a Reddit user is coping with right now. As the Redditor explained in his thread, he’s…
A Reddit user is wondering how much money is enough. He posted recently because he and his wife are currently on track to have a $10 to $12 million net worth in approximately five…
Retirement is something many people dream of — and that’s not just because it means you’ll have the chance to stop going to work. Once you are retired, your time becomes your own and…
A Reddit poster asked recently if they could retire despite their high spending. The original poster (OP) said he has turned 40, currently spends $250,000 per year, and has $19 million invested, which he…
Life insurance is an important purchase when you are young and have people depending upon your income. As you get older, however, continuing to pay premiums for insurance coverage can begin to make less…
When you’re choosing a credit card, you have a ton of different options available to you. You could get a card that offers points to redeem for free merchandise or miles you can use…
A reader wrote to 24/7 Wall St. recently to ask if he was ready to retire or not. This is an important decision that requires careful consideration of both savings and projected spending levels.…
When you are deciding how much to save for retirement, there are lots of rules of thumb that you’ll read or hear. One of those rules says that you should have three times your…
A Reddit poster got a late start on his 401(k) contributions and is concerned that he has just $75K saved at age 35. He’s currently making $130K per year, saving 12% of his income,…
When you are on Social Security, you can expect your retirement benefits to increase during most years. That’s because Cost of Living Adjustments (COLAs) typically happen automatically from year to year. Since the price…
Should you share the fact that you are wealthy? A Reddit user asked this question recently. He explained that he was discussing estate planning with his mother and mentioned that he and his spouse…
Should you take a large financial gift from family members? This is an issue a Reddit user is facing. The original poster (OP) explained that he makes a seven-figure income while his wife doesn’t…
Should you tell your kids they are on track to receive a large inheritance? A Reddit user posted this question recently. The original poster (OP) said that he and his wife have a net…
When you have a $500,000 annual income, you have a lot of money to replace as a retiree. The good news is that your current high earnings mean you should be able to invest…
