I have $50 million but don’t know what to spend my money on
When I was working in finance in my 20s and got my first large bonus, a strange thing happened. I thought I’d be thrilled having a pile of money to spend. Only every…
Personal Finance
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President Trump says “Social Security is sacred to me, but it’s got to be run right”
In one of his first major decisions after his January 2025 inauguration, President Donald Trump appointed Elon Musk to lead the Department Of Government Efficiency (DOGE), a temporary organization established to recommend cost-cutting measures…
My IRAs will soon cover only what I spend – should I pause Roth conversions given the current tax rates?
Retirees are wise to follow news about income taxes very closely. The threat of Joe Biden’s proposed 82,000 armed IRS tax collection enforcement agents is now officially gone, and thousands of IRS employees have…
How I Manage Finances with My Non-Financially Savvy Fianc̩ РShould We Combine Everything After Marriage?
When you finally decide to join your life with someone else, you start your new life by making a series of decisions, including thinking through where to live and what to do with your…
Is $2,800 a Smart Mortgage Payment When I Take Home $5,200 Monthly?
If you are considering buying a home, the first and most important thing you must do is figure out what you can afford on your current salary. Most importantly, you must make this decision…
I’m 50 with $10 million. How do I find the best financial advisor?
If financial advisors were free, perhaps more people would use them. But understandably, financial advisors need to make money so they can feed their families, too. And that makes the decision to hire…
I’m 72 and Facing a Tough Choice: Pay My Taxes or Lose My Home – What Should I Do?
A 72-year-old Reddit user is trying to figure out how to handle a tough situation. He bought a home that was too expensive, and now he’s left with bills he can’t pay. He said…
My Friend’s Social Security Benefits Have Been Suspended – What Should We Do Next?
Many retired Americans today rely on Social Security to make ends meet. But sometimes, things don’t go smoothly in the context of applying for and getting benefits. In this Reddit post, we have…
One Trip to Japan Ruined My Discipline With Credit Cards. Should I Throw In The Towel?
It should go without saying that even if you try to do something you feel is a once-in-a-lifetime opportunity, you should watch your finances carefully. Whether this is buying your dream home or taking…
What is my ideal retirement number – $1 million, $5 million, or $10 million?
When it comes time to decide when to retire, if you are a member of the FIRE community, especially ChubbyFIRE, it’s a highly personal decision. If you take this one step further and believe…
5 Reasons Why the U.S. Government Should Start a Bitcoin Reserve – But Probably Won’t
As the private sector becomes immersed with the cryptocurrency market, the public sector is looking to follow in its footsteps. Under the Trump administration, there has been a great deal of buzz over the…
My Church Internship Gave Me a 1099 Instead of a W2 – Am I Really a Contractor?
A Reddit user posted recently because he is upset that the church he worked for classified him as an independent contractor. Because he did not have taxes withheld from his paychecks as a result,…
Is retiring at 56 with $5 million too risky because of the market?
There are many benefits to retiring on the early side — escaping a stressful job, reclaiming your time, and getting to enjoy things like travel while your health is strong. But there can…
How I Plan to Safeguard My Assets Against Divorce – Tips for Financial Independence
Unfortunately, in a society that has become completely obsessed with money and the accumulation of our little hoards of wealth, it has become normal for people to feel apprehensive about marriage because there is…
I Got a $2,800 Hospital Bill for Treatment as a Minor – Am I Responsible for This Cost?
Medical bills are a nightmare, and one of the only things that can make them worse is getting one from years ago when you weren’t expecting it. Are you under any obligation to pay…