A millionaire caller to the Dave Ramsey Show articulated this particular dilemma on air. She noted that she had two daughters who she had been contemplating on how to divide her assets in her…
24/7 Wall Street Most tax loopholes and savings strategies must be conducted and completed before December 31st to be valid. Neglecting to effectively use tax savings strategies can result in thousands of dollars in…
During his 2024 campaign, President Donald Trump and Elon Musk joined forces, with the world’s richest man appearing at campaign rallies as a featured speaker. One campaign issue Trump criticized was the Biden Green…
Real Estate finance allows for considerable leverage, and laws that favor the real estate industry allow for considerable tax breaks. The size of a real estate transaction may command more favorable terms, especially for…
We are living in an age where convenience, digital technology, and no-fuss, auto-pilot protocols often are preferred over laborious, detailed methods that might yield higher quality at a commensurately higher cost.. Appliances like pressure…
Aesop’s timeless children’s fable, The Ant and the Grasshopper, extols the values of preparation, hard work, thrift, and saving. The moral of the fable is summed up as: “Work hard today to get ready…
The paths towards building a large retirement nest egg are varied. The methods used to accumulate those nest eggs often dictate one’s preferences on how to manage those funds going into retirement. The preferences…
When it comes to the companies in which they have built with blood, sweat, and tears from a concept to a successful business, entrepreneurs are very much like super-protective parents. The act of creating…
Nationally acclaimed financial advice author, radio, and podcast host Dave Ramsey is adept at analyzing his callers’ situations and helping them with advice and suggested solutions. His own wealth is the result of real…
When retirement funds accumulate and grow, it can be tempting to use those funds for current purchases rather than for retirement expenses. In most instances, such expenditures would be deemed as foolish, although purchasing…
401-K plans are a form of deferred-tax retirement account that allows for employees to divert a portion of their salary for retirement savings. Employers can match part of the contribution as a job benefit.…
There is a Wall Street maxim that has been repeatedly proven true: “Bulls make money. Bears make money. Pigs get slaughtered”. Essentially, one can make money on the upside or the downside, but getting…
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers. The Monkey’s Paw is a 1902 horror short story written…
Baby Boomers who learned about finance from the 1960s-1980s developed their notions about financial risk, stocks, and bonds during the past WWII era: The Eisenhower, Kennedy, Johnson, Nixon, Ford, Carter, and Regan years. During…
When asked about what he plans to do when he takes office, President Trump’s two priorities were to close the border with Mexico and “Drill, Baby, Drill!” The latter was a reference to a…
Wealthy single individuals who navigate the dating waters often need to be concerned with gold diggers, fake sexual harassment shakedowns, and blackmailing gigolos. Community property and equitable distribution are now the law of the…
Adherence to a F.I.R.E. (Financial Independence Retire Early) strategy can help a substantial retirement nest egg grow to a target amount of as much as a decade or more before one reaches age 65.…
Portfolio management and mitigating capital gains taxes can require regular juggling, especially when the portfolio has large stock holdings. The juggling becomes even more complex when the asset owner decides to borrow against the…
One of the drawbacks of a F.I.R.E. (Financial Independence, Retire Early) high-growth portfolio strategy is the tax ramifications. Capital gains taxes, early withdrawal penalties, passive income taxes, and similar levies from Federal and Municipal…
Thanks to advances in modern medicine and a much broader range of quality-of-life options, Baby Boomers are experiencing substantially longer life expectancies than previous generations. As a result, current retirement savings amounts that may…
