I No Longer Swear by ‘the 4% Rule’ and This Is Why
The 4% rule has long been a popular rule of thumb that’s used to help people decide on a safe withdrawal rate from their retirement accounts. It was designed in the 1990s by a…
Personal Finance
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I have $10 million and ready to retire and I want to find a tax break that might include me becoming a barista
There’s a reason it can be very advantageous to save for retirement in a Roth IRA or 401(k). In a Roth retirement plan, your investment gains are yours to enjoy tax-free. And withdrawals…
Too Little, Too Late? The Reality of Millennials Trying to Catch Up on Retirement Savings
If you’re anyone who is starting to think about retirement, there is every reason to start planning as early as possible. In fact, many millennials hope to set aside enough money to properly enjoy…
I’m in my mid-30s with a $425k house and am looking to upgrade to a $1.4 million home – am I biting off more than I can chew?
There may come a point in your life when you start to think about upgrading to a nicer home. That could happen when your income increases, or when you reach a certain savings milestone.…
Judge Judy says “you don’t get what you deserve—you get what you negotiate” – 5 tips for getting the upper hand
Some people are fortunate enough to have things handed to them in life — they have wealthy parents who help them succeed, or they just happen to land in good jobs or other…
I’m 68 and Don’t Know If It’s Better to Take a $130K Lump Sum or $945 Monthly Pension in Retirement
Pensions provide additional income that can help you in retirement, but most of these plans force retirees to make a big choice: receive a lump sum right now or monthly payouts for the rest…
Dave Ramsey Weighs In on Whether After a Decade It’s Time for This Couple to Combine Their Finances
Should married couples combine finances? A caller to the Dave Ramsey show is grappling with this issue. The wife called in to speak to Ramsey because she and her husband had been married for…
$100K Just Fell in My Partner’s Lap and We Want to Invest for Retirement. What’s the Best Move?
A financial windfall is a terrible thing to waste. Of course, it’s a heck of a lot easier to spend money you didn’t have to work for. As that George Strait song goes, easy…
I run engineering teams and get paid 8X more than my wife’s salary but I want to quit – am I stuck?
Making a lot of money isn’t something most people would complain about. However, one Reddit user is not happy in his high-paying job but feels like he has no choice but to stick it…
If You’ve Banked $2 Million By 35, Is It Possible to Retire?
A $2 million nest egg is a lot of money and it is far more than most people have — especially most people who are 35 years old. However, it does not necessarily mean…
Steve Harvey says “Real wealth is not about money. It’s about freedom.” 5 Steps to Take in Your Life Today
Does having a lot of money make you wealthy? Not according to Steve Harvey. The comedian and television personality made clear that he doesn’t believe being rich is the key to happiness and that…
Jamie Dimon says “Any good job is a good job” and it’s absolutely right
Jamie Dimon is the CEO and Chairman of JPMorgan Chase & Co. He is also a billionaire. Obviously, Dimon has a pretty great job heading up one of the largest banks in the country.…
We make good incomes and just had our offer accepted on a $1.5 million home – how much money should we put down?
If you have a generous income and a good amount of savings, how much money should you put down when you purchase a house? A Reddit user is currently trying to make this decision.…
I make $180k a year playing with giant industrial equipment
The Salary Reddit group is filled with inspiring posts of people who share high salary numbers and their progression. A recent post from a 24-year-old crane operator got some attention. He shares that he…
These Southern States Are Now More Affordable Than Florida for Retirees
For a long period, Florida was the ideal place to retire, with beautiful weather and a slow-paced lifestyle perfect for retirees. Unfortunately, the pandemic led to a mass arrival of new residents into Florida…