61% of Americans Flunk Basic Tax Literacy Quiz
Most Americans would flunk a basic tax literacy quiz. In fact, about 61% of those surveyed by TaxFoundation.org did not known or were unsure of even the most basic tax concepts with regards to…
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Tyler Perry reveals how he made his fortune: “Ownership is everything. Own your ideas, own your journey.”
Crossdressing characters has been a source of comedy throughout the history of entertainment, and examples can be cited throughout Ming and Qing Dynasty Peking Opera, the works of England’s William Shakespeare (As You Like…
Will Trump Keep His Promise Not to Cut Social Security?
Republican lawmakers have long been accused of wanting to cut programs like Social Security. So it may have come as a relief to some voters when President Trump made it clear during his campaign…
Unsure How To Manage Your First Million? Here Are A Few Options
It could be from an inheritance. It could be from a winning lottery ticket. It could be from a personal injury insurance settlement. Whatever the source, people who are suddenly recipients of an unexpected…
Dave Ramsey Names The 6 Things Your Money Needs Right Now
With over 18 million weekly listeners to his podcast, Dave Ramsey is one of the most popular financial advice show hosts in the US. His no-nonsense, old school wisdom has helped millions of people…
Warren Buffett says “Risk comes from not knowing what you’re doing” – 2 retirement mishaps to avoid at all costs
There’s a reason why so many people flock to Omaha every year to attend the Berkshire Hathaway (NYSE:BRK-B | BRK-B Price Prediction) shareholders meeting to watch the great Warren Buffett speak. A lucky few…
My deadbeat uncle is squatting in a house I inherited – should we evict him?
Dealing with family can sometimes be challenging under the best of circumstances. If you are involved in a family dispute surrounding an inheritance, then things become even more complicated. Unfortunately, this is a situation…
My Dad Has Been Dead 19 Years And I Still Can’t Get His 401(k). Should I Give Up?
Dealing with a deceased parent's financial accounts ranks among the most difficult tasks anyone faces. The grief of losing a loved one compounds when you must navigate complex banking and retirement systems, often while…
I’m Retiring at 50 With $9 Million in Assets – Should I Convert My 401Ks to Roth to Avoid Future RMD Taxes?
In the case of many individuals investigating the FIRE (financial independence, retire early) lifestyle, there is always a question about the best moves. What works for one individual and how they structure their accounts…
Dave Ramsey tells a confused 29-year-old that paying this $3,000 mortgage is “dysfunctional crap”
A classic episode of the Dave Ramsey Show featured a bizarre financial dilemma: a 29-year-old paying their parents’ $3,000 monthly mortgage. While helping family is noble, this specific situation is a red flag for…
Should We Pull Money From Our 401(k) to Eliminate Our Credit Card Debt?
As someone who cut social media out of my life years ago, I must admit to spending a surprising amount of time on Reddit. In my defense, I initially visited Reddit for an article…
I’m 55 and am getting closer to retirement – what do I actually do with my 401(k) once I leave?
A lot of people make a point to save diligently in a 401(k) during their working years. And you’d think that would be the hard part, right? But actually, many people find it…
Ditch the 4% Rule, This Retirement Withdrawal Strategy Is Better
The 4% Withdrawal Rule for retirement funds celebrated its 30th anniversary this past October. Financial advice professionals have used it as a benchmark for advising their clients in scheduling their retirement account withdrawals throughout…
Retirees Can Look At Balanced Allocation ETFs For An Easier Time Managing Their Wealth
Retirees looking for more of a one-stop-shop investment solution that takes care of asset allocation may wish to check out some of the “balanced” ETF offerings offered by iShares. Undoubtedly, such offerings probably won’t…
Is It Possible to Retire By 45 If You’ve Banked $2 Million?
According to Northwestern Mutual’s Planning and Progress study, Americans believe they’ll need $1.46 million to retire. Since that’s the case, if you have $2 million at 45, you may feel pretty confident that you’re…