Confusing Social Security Rule Could Strip Retirees of Benefits
A lot of people specifically sign up for Social Security so that they no longer have to work. If you have a substantial IRA or 401(k) and can supplement it with monthly Social Security…
Personal Finance
All Personal Finance Articles
Newest first · Page 218
A $300,000 Portfolio That Pays More Than the Average Social Security Check
The average Social Security retirement check runs about $1,907 a month, or roughly $22,884 a year. For a retiree with $300,000 in investable assets, the question is concrete: can a portfolio that size generate…
Social Security Full Retirement Age Could Increase From 67. Here’s Who Gets Hurt the Most
There’s a key number workers are advised to keep in mind when planning out their retirement — Social Security’s full retirement age, or FRA. For anyone born in 1960 or later, FRA is currently…
How Your 401(k) Is Quietly Making Up to 85% of Your Social Security Taxable
A retired couple collects $40,000 per year in Social Security and pulls $60,000 from a traditional 401(k) to cover living expenses. They expect to pay taxes on the 401(k) income. What they don’t expect…
Spouse’s Debt Is Like Cocaine: Advice for Couples With Radically Different Financial Strategies
A caller earning $170,000 annually recently called The Ramsey Show, frustrated with her husband’s habit of cycling through balance transfer cards and buy-now-pay-later programs. Her husband earns $65,000 and justifies each move with “It’s…
What Happens to Your Retirement Plans If the Stock Market Drops 50%?
Investing in the stock market carries real risk, and downturns can arrive without warning, driving portfolio values sharply lower. That is stressful enough while you are still working and building wealth. When you are…
Why Nurses at Non-Profit Hospitals Are Maxing Two Retirement Accounts While Most Workers Can Only Max One
Nurses at non-profit hospitals can contribute to both a 403(b) and a 457(b) simultaneously, a combination that for-profit hospital employees cannot access through a standard 401(k). A nurse at a for-profit hospital contributes to…
The 2026 Rule Change That Forces Workers Earning Over $145,000 Into Roth Catch-Up Contributions
Starting January 1, 2026, workers who earned more than $145,000 in the prior year can no longer make pre-tax catch-up contributions to their 401(k). Under Section 603 of SECURE 2.0, codified at IRC §…
Should You Ever Loan Money to Your Kids? Dave Ramsey Says “No!”
Megan from New Jersey didn’t expect a car accident to become a lesson in family dynamics. After the crash totaled her vehicle, her emergency fund covered the hospital bill, but her parents stepped in…
The Question Dave Ramsey Says Separates Wealth Builders from Everyone Else
Do your spending habits help build wealth or hold you back? Finance expert Dave Ramsey argues that the question you ask before making a purchase can reveal a lot about your financial mindset. Ramsey…
Should I Create Jobs for My Friends So They Can Afford to Travel with Me?
Some people who build significant wealth prefer to keep their money to themselves, and that’s okay. When you work hard and become successful, you deserve to enjoy what you’ve earned. And you shouldn’t feel…
5 Money Mistakes Many Americans Make That Are Quietly Stealing Their Financial Future
Carrying a credit card balance feels harmless until you do the math. At a 25% APR, the average American cardholder with an unpaid balance of $7,886 is quietly paying nearly $2,000 a year in…
She’ll Inherit Large Sums and I’m Still Paying Half the Bills – Is This Arrangement Fair?
A Reddit user is in a very different financial position from his girlfriend because of their unequal levels of family wealth, and it is causing both financial strain and tension in the relationship. The…
The Hidden Retirement Costs Tax Planning Can Help You Avoid
Whenever anyone is in a pre-retirement stage, one thing that often gets overlooked can become a major problem during retirement. Tax planning isn’t just something you should think about, but something you must actively…
What High-Income Earners Can Do to Pay Less in Taxes
A 36-year-old software engineer recently posted a screenshot of his annual income in the Salary subreddit. His gross pay is $333.6k per year, but he’s paying more than $75k in taxes each year. In…