A retired couple in their late 60s closes on the sale of a longtime rental property in 2024. After taxable gain and any depreciation recapture, their modified adjusted gross income for that tax year…
If you have a Health Savings Account, you already own the only account in the U.S. tax code that gets a triple tax break: deductible going in, tax-free growth, and tax-free withdrawals for medical…
If you have a conventional mortgage, your lender is probably sitting on a button that can shrink your monthly payment permanently. It is called a mortgage recast (or re-amortization), and it lets you lower…
Your state pension check looks like a safety net until you stack it against real retirement costs. Average annual household expenditures hit $78,535 in 2024, and the Consumer Price Index sits at 333.979 as…
If you have a traditional IRA and you watched your balance drop earlier this year, the IRS quietly handed you a coupon. When your account value falls, you can convert those same shares to…
Ask a founder how they plan to retire and you’ll often get a version of the same answer: “I’ll sell the business.” It’s a comforting story, and a dangerous one. The personal savings rate…
Suze Orman looked at a couple with $2 million saved, zero debt, and a pension on the way and told them they had quietly built a tax trap for themselves and their kids. The…
A physician pulling $400,000 a year sits well above the Roth IRA contribution income limit. The IRS closes the front door. It leaves the side and back doors wide open, and a growing number…
Julie called into The Ramsey Show with a story many families recognize. Her family of five had been saving $100 a month for almost 12 years for a trip to Hawaii, while living on…
A recently divorced 41-year-old called The Ramsey Show wondering whether she should cash out part of her 401(k) to eliminate $16,000 of student loans and $4,800 of orthodontics debt. Between child support, childcare expenses,…
A 28-year-old per diem nurse called The Ramsey Show looking for a second opinion after her husband proposed using part of her $143,000 Roth 403(b) to pay off the couple’s remaining $125,000 mortgage. While…
Ally Bank’s Online Savings Account is one of the most widely used high yield savings accounts in the country. It offers no monthly maintenance fees, no minimum balance, a strong mobile app, and useful…
Twelve thousand dollars a month sounds like a round number, but it carries weight. It works out to $144,000 a year, a little more than twice the U.S. per capita disposable personal income of…
A $900,000 portfolio can make retirement at 62 realistic in Boise, but only with the right housing setup and the right account mix. Boise is no longer the bargain it was a decade ago,…
The Couple at the Kitchen Table A married couple, both about 67, recently retired and on Medicare, is staring at a stack of medical bills. Between premiums, a surgery, ongoing prescriptions, and the dental…
