The One Bright Spot of Rising Interest Rates: Free Money
When inflation started surging in the wake of the pandemic, it put a lot of Americans in a tough financial spot. And while inflation has cooled a bit since surging in 2022, it’s…
Personal Finance
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Want to Delay Your Social Security? Here’s Why You Need to Plan for That in Advance
When it comes to signing up for Social Security, you have a wide range of choices. The earliest age to claim Social Security is 62. But if you file then, you risk a reduced…
I’m 35 and worried about my retirement – how can I get help reviewing my Roth IRA?
Given the amount of pressure we put on people to save for retirement, and the little support we give retirees to survive during retirement, it’s natural to be just a little stressed about your…
Can You Live on Social Security Alone If You Get the Maximum Monthly Benefit?
The typical retired worker on Social Security today gets about $1,979 per month. That’s not a bad payday at all when you combine it with other income sources, like withdrawals from an IRA or…
If You’re in This Category, Do Not Claim Social Security at 70
Many seniors opt to file for Social Security at 62. The reason is that it’s the earliest age to sign up for benefits. Age 70, on the other hand, is not a particularly common…
My brother died leaving me the sole beneficiary of his 401(k) – should I feel pressured to share the money with my siblings?
Losing a family member can be beyond devastating. And while inheriting money is a nice thing, it often comes with a degree of pain and sadness, at least at first. As if that weren’t…
Beware of How This RMD Torpedo Can Hit Your Social Security and Medicare Benefits
There’s a reason workers are often encouraged to house their retirement savings in a Roth IRA or 401(k). Not only do Roth accounts offer the benefit of tax-free investment gains and tax-free withdrawals,…
Gary Vee says “Retirement isn’t about quitting,” it’s about doing this instead
Gary Vaynerchuk has offered business advice and insights for many years, including a valuable message for retirees. While retirement often starts when people leave their jobs, there’s more to it than quitting. “Retirement isn’t…
I’m 53 with $3.7 million in gains on a single stock – should I sell it all and pay $800K in taxes?
One of the most important things to do to protect yourself from stock market volatility is maintain a diverse investment mix within your portfolio. That means not only owning shares of different types…
I’m in my mid-40s with $2 million and I would love to retire before I’m too old. What are my options?
I know a lot of people who would be thrilled to retire with $2 million in their 60s. So if you have $2 million by your mid-40s, you can give yourself a pat on…
Did Baby Boomers Really Ruin the Balance of Economic Inequality?
In 2019, the phrase “OK boomer” gained widespread use, especially in the United States, usually used in response to typical “Baby Boomer behavior” related to entitlement, social change, materialism, home prices, and more. It…
Suze Orman Is Usually Spot On, but I Think She’s Off About $2M Not Being Enough to Retire With. Here’s Why
Suze Orman gives some pretty top-notch advice, especially for those who are winding down for retirement. While I think you could do quite well for yourself by listening to her advice, I do think…
I’ve got plenty of money to pay my bills each month, but would it be better to do them with a credit card?
A Reddit user is trying to decide if he should use a credit card to pay his bills or not. He explained that he has ample money to pay for all his “typical bills,”…
Claim Social Security vs Tap Savings: Which Should You Do First?
Once you retire, you’re going to need access to steady income in the absence of having a regular paycheck to fall back on. And in that regard, you may have choices. If you’re at…
Claiming Social Security at 62? Ask Yourself This Question First
There’s a reason 62 has long been a very popular age to claim Social Security. It’s the earliest point in life you can sign up for benefits. But there’s a big downside to claiming…