Here’s the Truth About Social Security Benefit Cuts
There are millions of older Americans today who rely on Social Security for income. And while some seniors use Social Security as a supplement to their savings, others depend on it to cover most…
Personal Finance
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Should I let my wife retire early and risk private medical costs for our family of four?
Many people dream of retiring early and the freedom that comes with it. And if you save well enough, you may end up in a position where you can leave the workforce well…
Should I cancel my old credit card or keep paying the fee?
There are pros and cons involving the closure of a credit card. If you’ve found you’re hanging onto one or two too many cards, it makes sense to start thinking about cutting the one…
President Trump promised that he would “not cut one penny from Social Security or Medicare” – is he keeping his word?
On the campaign trail in 2024, President Donald Trump vowed to “not cut one penny from Social Security or Medicare.” He was tapping into a deep concern millions of Americans reliant on these programs…
Should I Pause My 401K Contributions to Reach My Home Down Payment Faster at 26?
Many people dream of owning a home. But because so many Americans struggle to save money, you may find it tricky to get into a home, especially at a young age. This Reddit…
Should I prioritize the Chase Trifecta or explore the C1 VX/V for my new credit card setup?
Building an optimal credit card strategy ahead of a major purchase requires more than just interest rates, though that is a key consideration. You should also balance rewards and examine your credit health. Start…
My parents are letting us pay them for their $340,000 house on my $75,000 a year salary and Dave Ramsey thinks I’m crazy
A caller to the Dave Ramsey Show shared an interesting dilemma recently– and Ramsey was not too happy with the decisions he had made. The caller and his wife wanted a bigger home, and…
I Don’t Understand Why Someone Wouldn’t Use A Cash Back Credit Card
While it seems as if the benefits of using a credit card that gives you rewards is one of the best ideas around, some individuals still think otherwise. Alternatively, some roll their eyes at…
My dad passed away at 59 and my mom is 57 – what Social Security benefits is she eligible for as a widow?
Social Security pays retirement benefits to millions of older Americans today. But those aren’t the only type of benefits the program pays. Social Security also takes care of the spouses of recipients who…
How Do I Explain My Financial Independence While Dating in My 20s?
It’s not all too often to find a 20-something-year-old retiree on the dating scene, especially given macro headwinds, persistent inflation, and considerable sums of student loan debt weighing down many of today’s young people.…
I spend over $200k per year and want to stop working in a few year – how much money do I need in my brokerage account to fund my lifestyle?
A Reddit poster is trying to figure out if he’s going to be ready to retire in a few years. However, he has a fairly high cost of living, as he lives in an…
I put 20% down and went with a 30-year loan at 6.375% – would Dave Ramsey say I made a mistake?
A Reddit user who follows the finance guru Dave Ramsey recently purchased a home. The poster explained that he put 20% down on the property. However, since he was trying to cap his monthly…
Why Can’t I Pull the Trigger on Early Retirement Despite Being Financially Ready?
A Reddit user in his early 40s is in a position where he can retire. He has a wife and several children, and he also has a $6.2 million net worth. After subtracting for…
I Inherited My Mother’s IRA: Confused About the 10-Year Rule and What to Do Next
If you inherit an IRA, you must withdraw all of its funds within 10 years. This spacing is quite beneficial since you can plan withdrawals over time to minimize your tax burden. Furthermore, if…
My return to the office means $2500/month more in expenses—how can I make ends meet?
A Reddit user is being asked to return to the office. Unfortunately, since his office would be a very long commute, he is thinking about renting a property close to where his job is…