Boomers, Getting Ready to Retire? Jamie Dimon Has Some Must Hear Advice
For nearly two decades, Jamie Dimon has been the CEO of JP Morgan Chase, the largest bank in the US and one of the largest in the world. Raised in Queens, NY like President…
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6 Financial Benefits Baby Boomers Got that Future Generations Will Likely Never See Again
If you have even remotely studied the baby boomer generation, you know this is not only the largest group of Americans but also some of the wealthiest in history. Baby boomers were born from…
‘I have $4 Million in a 401(k) and Want to Retire a Decade Early — What Are My Options?’
It’s pretty typical for American workers to retire in their 60s. But you may be eager to leave your career behind in your 50s — especially if you can’t stand your job and…
2 in 3 Americans Can’t Identify the Top Income Tax Rate
Taxes are a part of life for everyone — albeit a pretty unpleasant part. But it’s important to know how the U.S. tax code works on a basic level. This isn’t to say…
I’m 51 and debt-free – is it smarter to take a $107K lump sum or $710 monthly pension when I retire?
Should you take the lump sum or receive monthly payments from your pension? It’s a question many people ponder, and some of those people take the time to post their thoughts in the Dave…
Legendary investor Peter Lynch says “there’s no shame in losing money on a stock” – but never make this mistake
New investors could learn a thing or two from the brilliant investor Peter Lynch. Though it’s been decades since the man had a more than decade-long market-clobbering winstreak, he stands out as one of…
We’re in Our 50s With Over $3 Million Saved Up and Want to Retire Next Year. What Should We Do?
Early retirement isn’t something everyone can pull off. It takes a lot of money to be able to leave the workforce early — especially if you’re doing so in your 50s. Even if…
Why Everyone Is Talking About President Trump’s Promised Big Changes to Social Security
One of President Trump’s campaign promises was a proposal to eliminate the double taxation of Social Security benefits, which impacts an estimated 67 million American senior citizens. Rep. Thomas Massie (R-KY) has been trying to…
Forget the 4% Rule. Here’s the Withdrawal Rate I’m Planning On
I’m working hard to build retirement savings for a few reasons. First, I’m well aware that Social Security might have to cut benefits in about a decade’s time. Secondly, I know that even if…
I’m in my 40s with a net worth of almost $3 million – retirement calculators suggest I’m safe to retire but I’m not so sure
Quitting the rat race and pursuing the dream of living comfortably in early retirement is an idea often associated with Americans, but its appeal is universal. Likely just as many Europeans would like to…
The 1,000 day money challenge everyone – rich and poor – should begin today.
Financial literacy is one of the biggest obstacles to wealth building in contemporary Western society. While inflation and other economic factors have certainly increased the difficulties for average citizens, the temptations of credit cards…
High-Yield Munis vs. Taxable Bonds: 4 ETFs for Different Income Needs
Income-oriented investors, including lots of retirees, often switch their portfolios from a growth focus to an income-based one once they are officially in retirement. Many of them opt for dividend stocks, bonds, or other…
When Should I Claim Social Security if I Have $800,000 in Savings?
Social Security serves as an essential income source for millions of retired Americans. And you should know that your filing age will help determine how much Social Security you get each month. Before you…
Don’t Miss The Hidden Credit Card Perks Issuers Quietly Hide
Credit cards can be the ultimate tool in your wallet for smart shopping and earning money back if used correctly. This is especially true as cash-back credit cards reward you with “free” money just…
Hard Truth: Baby Boomers ‘Had It All’ But Are Now Drowning in Debt
In many ways and for many reasons, baby boomers have been some of the most successful people we know. As a result, the largest transfer of wealth in history is happening now and into…