Dana George - Writer for 24/7 Wall St.
Dana is a full-time personal finance writer, with more than two decades of experience. She has a BA in business management from Spring Arbor University. Prior to content creation, Dana worked as a newspaper reporter and ghostwriter. In addition, she’s published four novels. Her work has been featured in The Motley Fool, The Mercury News, Detroit Free Press, Fox Business, Topeka Capital-Journal, Oakland Tribune, and a host of other publications.
Lastest Stories by Dana George
Capital gains is a tax imposed on the profit you earn from the sale of an asset, like your home. The tax applies when you sell the asset for more than you originally paid for it. However, that simple...
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A Required Minimum Distribution (RMD) is the minimum amount of money the IRS mandates you must withdraw annually from a tax-deferred retirement account like a traditional IRA. The purpose behind RMDs...
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Determining whether $2,200 is too expensive for long-term care insurance depends on six primary factors, each specific to your situation. Here, we break down each of these factors to help you...
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You appear to be asking whether you should invest more money now and less when you’re older. The answer is yes, and here, we’ll dig into the reason why it makes sense to put money away sooner...
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Can I retire in five years with $1.1 million in a 401(k) and a paid-off $475,000 home? The answer depends entirely on your circumstances. For example, if you already have $800,000 sitting in your...
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If, at age 55, you have $1.7 million in an IRA, you’re doing something right. According to Fidelity, the average IRA balance for other Gen Xers is $103,952, according to Fidelity. However, it...
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You’ve likely heard the rule of “100-minus-your-age.” This theory suggests you subtract your age from 100 to determine the percentage of your portfolio that should be in stocks and the...
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There’s been a lot of buzz lately about converting funds from a 401(k) to a Roth IRA. Whether or not it’s a wise decision for a 49-year-old depends entirely on the specifics of their...
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Although we don’t have further details, such as your age, proximity to retirement, or your plans for continued work, we can say that you appear to be doing well. Even if you plan to save far more...
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If you’re claiming Social Security for the first time, you’re wise to consider the role taxes will play. The goal is to minimize taxes to the best of your ability, and here, we’ll cover five...
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If you’ve spent your working years contributing to a pre-tax retirement plan, you didn’t pay federal or state income tax on that money when it was earned and contributed. Once you reach age 73...
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If you’ve looked into the benefits and decided that you’d like to convert funds currently held in other accounts to a Roth IRA, you’ve undoubtedly considered the tax implications. Here, we...
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A nursing home cannot take money out of your retirement account. However, if you don’t have long-term care insurance and are counting on Medicaid to cover your expenses, the amount you have in your...
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There are many reasons people renovate their homes. Quite often, it’s for personal enjoyment and comfort. Sometimes, a homeowner wants to increase the value of their property and chooses renovation...
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As someone who cut social media out of my life years ago, I must admit to spending a surprising amount of time on Reddit. In my defense, I initially visited Reddit for an article I was working on and...
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