On CNBC this week, Jessica Anderson, president of Sentinel Action Fund and spokesperson for Save Match Grow, made the case for President Trump’s new retirement vehicle in plain terms: “This is targeted for the…
A 52-year-old with $1.5 million in a traditional 401(k) and a goal to retire at 57 faces a five-year gap. The 401(k) is built for 59½, the IRS charges a 10% penalty for early…
On a recent episode of the Money Guy Show titled Even Smart People Make These Massive Money Mistakes, co-host Bo Hanson delivered the line that should be taped to every high earner’s bathroom mirror:…
On a recent episode of the Money Guy Show titled Even Smart People Make These Massive Money Mistakes, co-host Bo Hanson shared a truly painful reality about personal finance. He explained how trying to…
A California retiree with a $1 million dividend portfolio earning a 5% blended yield grosses $50,000 in annual income. After federal qualified-dividend tax and California’s state income tax, that number drops sharply. California treats…
The host of Retire SMART Podcast opened Episode 416 with a number that should stop every income-focused retiree in their tracks. The S&P 500’s dividend yield has fallen to roughly 1.1%, an all-time low…
George Kamel, the Ramsey Solutions personality, recently spent 23 minutes on YouTube dismantling the Buy Now Pay Later pitch. His core claim: BNPL companies charge merchants 8% to 10% in processing fees, double or…
On a recent episode of The Ramsey Show, a caller named Joseph laid out a math problem that should not exist: a combined household income of about $340,000, a daughter heading to an SEC…
Suze Orman delivers financial advice with a blowtorch. On her October 10, 2024 podcast, a 65-year-old retired caller named Deb said her financial advisor had instructed her to leave her $125,000 TSP alone and…
A 67-year-old retiree with $920,000 saved and drawing a $2,800 monthly Social Security benefit appears, at first glance, to be in remarkably strong shape. With annual spending set at $58,000, the portfolio only needs…
The question comes up on call-in shows constantly: a parent staring at a credit card statement they cannot pay, looking sideways at the 529 plan they have been funding since the kids were toddlers.…
On a recent episode of Ramsey Everyday Millionaires, a caller asked whether a boat costing more than his annual income was too expensive. The host pivoted to defend Mark Zuckerberg's 387-foot superyacht, the Feadship-built…
Inheriting a parent’s retirement account sounds like a windfall. For a 67-year-old still pulling in a high W-2, it can quietly become one of the most expensive tax events of her life. The real…
At 63, with $1.2 million in savings and a $185,000 mortgage hanging around at 4.875%, retirement starts to feel like a balancing act. Every monthly payment is about to come from investments instead of…
A retiree with $850,000 in savings who wants about $40,000 a year in reliable income may not need to take the risks associated with high-yield funds or complex income strategies. One alternative is a…
