How to Handle Investing in a Market That Feels Like a Rollercoaster
They say March comes in like a lion and goes out like a lamb. In the context of the stock market, March has been a beast. The month started off quiet enough. But as…
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Maurie Backman
3 Ways You Can Turn $300k into $1 Million Without Taking Massive Risks
They say it takes money to make money. And that’s often true. In this Reddit post, we have someone who’s managed to accumulate $300,000, which is pretty impressive. But with a $1 million…
$100 A Month (For Life) Or $24K Today To Cash Out An Old Pension, Which Makes More Sense?
There’s a reason so many seniors file for Social Security at age 62 rather than wait. That’s the earliest age to sign up for benefits. And even though waiting on Social Security results…
The Fairness of Social Security Benefit Taxations Isn’t Cut and Dry
Many seniors end up heavily reliant on Social Security once their careers come to an end. And for a good number of older Americans, those monthly benefits are their primary source of monthly income.…
I have a terrific 800 credit score — what are the best credit card hacks to start with?
The nice thing about having a great credit score is that you’re more likely to get approved to borrow money when you want to, whether in the form of a car loan, a…
The Hard Truth About Trump’s Social Security Plan
There are millions of Americans today who collect monthly benefits from Social Security in retirement. And without those benefits, many would no doubt struggle to make ends meet. The unfortunate reality is that many…
We’re in our early 40s with $3 million mostly tied up in rental property – will we still be able to retire?
A lot of people buy real estate to have a home to live in themselves. But some people opt to invest in real estate. That’s what the couple in this Reddit post has…
I’m 34 with $5 million saved, but I’m still battling addiction – did downsizing my life really help?
People who manage to accumulate a lot of money at a young age tend to have high-paying jobs. But many of those jobs can be almost ridiculously stressful. In this Reddit post, we…
What President Trump Has Done With Social Security So Far
Social Security was a big issue during the most recent presidential campaign. And one thing Donald Trump pledged to voters was not to make any cuts to Social Security. So far, he’s kept true…
What Are DOGE’s Plans for the Social Security Administration?
When President Trump announced his intent to form his Department of Government Efficiency (DOGE), many people worried about what it would mean to federal program like Social Security. And with many federal jobs now…
I’m 40 with a $68,000 401(k). Am I doomed for retirement?
The Federal Reserve says the typical 40-year-old has $45,000 in retirement savings. So if you’re 40 with $68,000 in your 401(k), you’re technically ahead of the game compared to your peers. But that doesn’t…
Hard But True: Claiming Social Security Late Has Pitfalls
Americans are often advised not to plan to retire on Social Security alone. And the reason is simple — those benefits will only replace a limited portion of your pre-retirement wages. If you’re a…
I’m in my 30s and sitting on $5 million – why am I still scared to spend more than $100?
There was a time in my life when I had a very difficult time spending money on anything other than essentials. I was a new mom who had reduced her working hours —…
I just inherited $57.5 million – what should I do first?
Some people are happy to get a modest inheritance. That could mean inheriting $30,000 or $40,000 and using the funds to build an emergency fund or buy a home. Other people get larger…
We’ve got $2 million in pre-tax retirement funds already – do I need a Solo 401(k) that allows after-tax mega backdoor conversions?
Many savers are drawn to traditional IRAs and 401(k)s because they offer a tax break on contributions. But in return, people who use these plans face taxes on withdrawals during retirement, not to…
I’m using a $500K inheritance for retirement and travel instead of paying off my kids’ student loans – am I being selfish?
As parents, we tend to be inclined to sacrifice everything for the sake of our kids. But sometimes, we have to put our own best interests first. Such is the case…
My Social Security estimate shows $4k at full retirement age – does that assume I keep working or is it based on past contributions alone?
Despite rumors that Social Security is at risk of disappearing, it’s not in lawmakers’ best interest to let the program go away or even cut benefits. So there’s a good chance Social Security…
I’m in my early-30s with a $2 million net worth – how do other high-earning employees fit fun into the budget?
When I was in my early 30s, I started having kids. But a good number of my friends weren’t yet parents at the time, and they were definitely focused on going out and…
Ready to Retire Early? Ask Yourself This Before Taking Social Security Benefits
A lot of people find themselves ready to retire early. And there can be serious benefits to doing that. An early retirement gives people the chance to do things like travel when their health…
I’m 53 with $3.7 million in a single stock gain – should I sell now and face an $800k tax bill or spread out the sales?
Most Americans don’t have $3.7 million, period. But this Reddit poster has $3.7 million in a single stock gain. On the one hand, that’s impressive. On the other hand, it makes me very…