New technology sectors inevitably splinter into specialization. When personal computers first launched, companies like Apple and IBM, who made computers, wound up kick starting specialization companies, like Microsoft for software, Cisco systems for routers…
Ben Franklin, known by many young people as the face of the 100-dollar bill, was an American icon of his day and one of Charlie Munger’s role models. Undoubtedly, the remarkable polymath who excelled…
Losing a loved one can be devastating — but so can having to figure out who gets what portion of that loved one’s estate. In this Reddit post, we have someone asking who…
A Reddit user has come into some money and is trying to decide how to distribute it among his three kids as an inheritance. The poster thinks the fair approach is to divide the…
The rise of the side hustle has undoubtedly created more opportunities for extra income. Today, Bankrate indicates that around 44% of millennials have some sort of side hustle, while 60% of Gen-Z respondents also indicated…
When it seems like every credit card has some rewards program or special benefit, how is one supposed to know which card to use? If you can’t afford the annual fee, are there still…
While much of the conversation about millennials and finance nowadays lean toward the idea that millennials have lots of debt and few financial benefits, this isn’t always the case. In fact, there are surprisingly…
A 49-year-old Redditor with a $25 million net worth and $3 million in annual income is ready to retire. He can easily cover his spending with a very reasonable withdrawal rate given how high…
A Reddit user built a successful startup, which gave him plenty of money to retire and set not just himself but also future generations up for financial success. Unfortunately, despite the fact he is…
It’s not so uncommon to have a year when your spending increases. It could be that you’re renovating your home, buying a new vehicle, or making another one-time purchase. In this Reddit post,…
If you’re unable to contribute to a Roth account directly, there’s good news — you can convert a traditional retirement plan to a Roth by paying taxes on the sum you roll over.…
A lot of people dream of retiring early. And with enough money, it may be a goal you can pull off. Early retirement can mean different things, though. For some people, it means…
Just because you’re retired doesn’t mean the wealth creation journey ends. Indeed, many younger retirees who have well more than they need to sustain them for life may have the opportunity to keep having…
Finding the perfect withdrawal rate is something that all prospective retirees should do well ahead of time. Undoubtedly, the so-called “4% rule” that entails drawing down 4% of one’s retirement nest egg per year…
For many Americans who wish to preserve their lifestyle in retirement, Social Security probably won’t be nearly enough to cut it. Undoubtedly, your 401(k) and brokerage account will need to do some of the…
