The middle class can be rather difficult to define. Traditionally, it was more of a lifestyle, one that involved a nice home, two children, a decent vehicle, enough disposable income, and perhaps other nice-to-have…
You’ll usually hear that it’s important to start saving for retirement from as young an age as possible. The more years you have to earn returns on your money, the larger a nest…
It’s one of the biggest dilemmas (soon-to-be) retirees will face as soon as they hit age 62: take the Social Security benefits early or leave them? Undoubtedly, it’s quite a divisive topic, but there…
Dividend investing may be more favored by older investors who value passive income over growth and capital appreciation. However, investing in dividend payers can be a wise move, regardless of one’s age. Arguably, it’s…
One of the biggest decisions you might have to make in the context of your retirement is when to sign up for Social Security. You can claim benefits as early as age 62. But…
For roughly the first 45 years after President Franklin D. Roosevelt embarked on the Social Security program during the Great Depression, its trust fund was intact, well supplied, and never a concern of anyone…
The Big Short was a hit 2015 movie featuring Christian Bale as Michael Burry, the hedge fund manager who essentially created the credit default swap market for subprime mortgages. Burry based his assertion on…
If you’re going to save for retirement, you might as well enjoy a host of tax benefits along the way. That’s why savers are often encouraged to choose IRAs or 401(k) plans to…
Anytime you receive a windfall of money, whether through a lottery win, inheritance, job bonus, or an equity sale, the big question is what to do with the money. In the FIRE (financial independence,…
Given the rising costs of living, many Americans think it takes a few million to retire well. But with $1.3 million banked, it is still possible to pursue a leaner form of FIRE (Financial…
Early retirement really does sound like a dream that many of us wish we could achieve. But leaving the workforce some number of years or decades earlier isn’t for everyone, especially those who like…
Getting out of paying taxes is an extremely difficult thing to do. Sure, there are legal loopholes people can use to lower their tax bills. But at the end of the day, the…
Sometimes it’s just not worth hanging onto those pesky liabilities that could cost us a great deal more over the long haul. Indeed, it’s costly to buy a new used vehicle upfront, but it…
A Reddit user isn’t very happy about his Social Security benefit amount. He did the math on what he paid in and feels like he should be getting a much larger retirement check than…
A Reddit user and his wife are both retiring soon. They are 62 and 56, have no debt or kids at home, and have a $4 million net worth plus a paid-off house. They…
