I Stopped Using Credit Cards – Here’s How It Changed My Spending Habits
A lot of people use credit cards on a regular basis. And it can make a lot of sense to use them for the perks they offer, such cash back on purchases. But…
Personal Finance
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I’m looking to get someone to take a look at my investments/retirement planning and get our family set in the right direction
If you have any concerns about whether or not your investments are heading in the right direction, rest assured that you are not alone. Investing isn’t easy, and investing to make yourself a ton…
I Was Told I’m Not a U.S. Citizen – My Panic to Prove My Identity
A Reddit user is coping with a very concerning situation right now. When he tried to obtain a replacement Social Security card since his card had been lost for a while, a very disturbing…
I Calculated My Social Security Contributions – Here’s What I Discovered About My Benefits
A Reddit poster calculated his Social Security benefits and made a discovery. It’s an important one that everyone should be aware of as lawmakers consider what, if any, changes should be made to the…
If we can’t do a backdoor Roth, is it still worth maxing our 401(k), or should we switch to a taxable account?
It’s a common dilemma many Americans saving up for retirement are bound to face: should one max out that 401(k), or opt for a taxable account instead? Indeed, the 401(k) is a fantastic tax-advantaged…
Bank of America Slashed My Credit Limit by Over $5,000 – What Does This Mean?
A Reddit user is upset that his Bank of America credit card just had its limit slashed. While the poster originally had an $11,000 balance, his limit has now been cut by over $5,000,…
I Can’t Afford My Inherited House—Should I Sell or Hold On?
A Reddit user lost his grandmother and mother recently and is now coping with some financial issues. Specifically, while the poster’s mother left a house to him, he isn’t sure he can afford to…
I Faced a Shady Interrogation at the Social Security Office – Here’s What Happened
There are plenty of people who have perfectly pleasant experiences with the Social Security Administration (SSA). In fact, there are people who go into their local Social Security offices all the time for…
I’m 28 and have banked $340k, should I leave my Financial Advisor?
A 28-year-old Redditor has $340,000 saved, with part of the money coming from an inheritance and part of the money coming from retirement investments. He invests regularly, but his managed account with his investment…
I’m 45 with $7 million liquid – should I prioritize more Roth contributions in my 401(k), or just stuff it with pre-tax?
With a great deal of capital saved up at the relatively young age of 45, it’s more than worthwhile to strategize contributions to allow for sufficient liquidity while steering clear of potential tax pitfalls…
Our $2.9 million nest egg is growing, but my stress is through the roof – how do I stay motivated for 7–9 more years of this?
For some who are in the final stretch of their careers, retirement cannot come soon enough. For those over-stressed individuals who are feeling burnt out, the final few years can feel like a real…
Retiring With Money? Don’t Expect to Take Home Your Social Security Checks in Full
There are many people who unfortunately reach retirement age without so much as $1,000 saved for their senior years. But if you were a good saver throughout your career, you may be in a…
We use credit cards for travel points, but does that make sense or are we getting fleeced?
Responsible credit card usage over a prolonged period of time really can build up enough travel points for one to cover the entirety of one’s hotel stay or the entire trip. It’s not just…
Two kids, a near-paid-off home, and $460k income – why does financial freedom still feel so far away?
A growing number of high-earning Americans with massive incomes still don’t feel rich. Indeed, it’s not out of the ordinary to hear of a big earner who’s either living paycheck to paycheck or still…
I’m 30 with a $250,000 salary – How do I pursue Financial Independence?
Growing your salary over time is one of the best ways to ensure financial independence in your older years. However, high earnings aren’t enough, and you still need to deploy the money correctly to…