Working From Starbucks? Time to Pay Up
I have a confession to make. While I like Starbucks, I can’t say I love it. Maybe it’s the fact that I’m a pretty boring coffee drinker, so those sugary lattes just aren’t my…
All Work
Maurie Backman
We’re in our 50s with a net worth of $5 million and we’re not sure if we can retire yet or if we’re just being overly cautious
from 24/7 Wall St. Retiring in your 50s means needing to stretch your savings longer and having to wait on Medicare. With careful planning, you can make a large nest egg last an extra…
In my 30s with $1.3 million and a family — is my retirement portfolio solid enough?
from 24/7 Wall St. A 36-year-old Reddit user with a $1.3 million net worth wants to know if they’re on track for retirement. That’s generally a good place to be by your mid-30s, but…
Why the 4% Rule Is Dead to Me
Let me be honest. There are things I’d rather do with my money than save a large portion in a retirement account. I’d much prefer to spend every penny of my salary on things…
My husband just inherited $100k and looking for the best retirement account to put it in so we aren’t tempted with it – where should we stick it?
from 24/7 Wall St. Tax-advantaged retirement plans like IRAs and 401(k)s have contribution limits and can only be funded with earned income If you want to earmark part of a $100,000 inheritance for retirement,…
I’m a high earner at the peak of my career and feel I have golden handcuffs. How can I deal with my depression and anxiety without affecting my performance?
from 24/7 Wall St. Earning a high salary can come at the cost of your mental health. Striking a balance could help you preserve your health while continuing to work toward your financial goals.…
The novelty of retirement has worn off, and now I don’t know what to do. Should I use a retirement coach?
from 24/7 Wall St. Many people look forward to retirement only to find themselves bored and unfulfilled. Consider part-time or volunteer work to stay busy. It’s a good idea to consult a retirement coach…
My sister manipulated my mom to pay off her $33k credit card debt before she died. How can I deduct that from her inheritance?
It’s challenging for parents to treat children with mathematical equality. While small favors—a $100 emergency loan or covering a utility bill—often go unnoticed, large-scale interventions create long-term resentment. Such is the case for one…
Here’s the First Day You Can File Your Tax Return This Year — and Why You Should Get it in Early
Filing taxes is a task most of us need to tackle every year. And what’ll probably happen this year is that a lot of people will wait until just about April 15 (the official…
We’re in our mid-30s with a $6 million net worth and we are overspending on our budget – what can we cut back on?
from 24/7 Wall St. The more you earn, the more likely you are to fall victim to lifestyle creep. Set a budget so you’re able to control your spending and work toward goals. Retiring…
These 6 Medicare Costs Are Higher in 2025
from 24/7 Wall St. Changes to Medicare could leave you paying more for health coverage. A hospital stay might cost you more than it did in 2024. You’re looking at higher premiums and a…
Are backdoor Roth IRAs worth it if I have only $6k–$12k to invest?
from 24/7 Wall St. A backdoor IRA gives you access to tax-free gains and income in retirement. It can be worth doing even for a small amount. Work with a professional to manage the…
I’m looking to save $2.5 million in order to spend $100k in retirement – how should I factor in future taxes?
from 24/7 Wall St. If you use the 4% rule to manage a $2.5 million nest egg, you’ll get about $100,000 in annual retirement income. That income may be taxable, depending on where you’re…
My parents want to disperse $200k of her inheritance early to my sister. I don’t think this is fair at all – what can I tell them to reconsider?
from 24/7 Wall St. Treating siblings unequally from a financial standpoint can make for a world of conflict. Have honest conversations as a family so there are no hard feelings. Make sure any early…
I’m 35 with $330k in my 401(k) — do I really need to keep maxing it out?
from 24/7 Wall St. A 401(k) offers benefits beyond housing your retirement savings. You don’t need to max out a 401(k) every year if you have a large balance at a young age. It…
I make $170k a year and Dave Ramsey called me broke – here’s how I screwed up
When we think about people who tend to live paycheck to paycheck with serious debt, we might naturally picture lower earners. But that’s not the situation for James, who called Dave Ramsey with a…
I’m 52 and have a net worth of $6.2 Million. I’m so burnt out, can I retire early?
from 24/7 Wall St. With a large net worth, early retirement becomes less of a risk. Before you retire early due to burnout, think about whether a less stressful job might be a better…
Are you saving and investing in a high-yield savings account, and is it worth it?
from 24/7 Wall St. It’s important to understand the difference between saving and investing money. A high-yield savings account is a great home for your emergency fund, but not your retirement nest egg while…
What should you know about high-yield savings accounts before you open one?
There are certain financial products that not everyone needs. Annuities, for example, can be a good source of predictable income for retirees, but they’re not suitable for everyone. Similarly, a lot of families can…
We each earn $500k in California and want to retire early in 10 years when we turn 40 — is this achievable?
from 24/7 Wall St. Retiring at 40 is doable, but there are challenges to consider. Aim to max out tax-advantaged retirement accounts and invest aggressively. Consider relocating to an area with a lower cost…