Can I Pay Only Interest on My Closed Credit Card Due to Financial Changes?
Credit cards can be a useful financial tool, allowing you to rack up points or cash back on everyday purchases. But there can come a point when credit card debt gets out of…
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These Are the Biggest Retirement Mistakes Social Security Can’t Fix
In many ways, determining the right time to retire, whether early or upon reaching Full Retirement Age at 67, involves several considerations. While not always top of mind, understanding how Social Security plays a…
These Are the 27 States That Guarantee a Personal Finance Course for All High Schoolers
The United States has a long history of progressively improved financial literacy and consumer disclosure programs. Despite this, only roughly half of US states guarantee a personal finance course for all high schoolers in…
I have a six-figure pension – do I still need to hold bonds in my retirement portfolio?
For those fortunate enough to have a six-figure pension to fund their retirement, it seems like there’s little need to maintain a traditional portfolio of stocks and bonds. Indeed, massive pensions seem to be…
I’m 49 and have over $4 million saved for retirement – is it a good idea to get an annuity to secure my spending?
It’s tempting to get out of stock markets right now, given that the words of President Trump could easily take a couple of thousand points off the Dow Jones Industrial Average. At the same…
We’re in our mid-50s with $4M+ and solid dividends – are we missing anything before early retirement?
A Reddit user with $4 million invested and an estimated $160K in dividend income is wondering if he is missing anything when it comes to being prepared for retirement. The Redditor has explained that…
Housing Bubble or Bust? What’s Next for Home Prices in 2025
For many reasons, one of the biggest economic indicators the country is looking at in 2025 is the housing market. Between high mortgage rates and even higher home prices, there is a concern that…
My in-laws are passing down a $16 million trust to my wife – how do we make sure it grows to its full potential?
One of the realities of any inheritance is that you have to figure out how to protect a windfall in a way that allows it to grow (and grow). There is no hiding the…
Should I Downgrade My Credit Card to Save on Fees?
A Reddit user is considering downgrading their credit card to save on fees. The user explained that he has had the credit card for between four and six years and has a positive payment…
This Is What Gen X and Millennials Need to Know About Social Security’s 2033 Trust Fund Projections
Gen Xers are currently between the ages of 45 and 60, so retirement is getting pretty close for many people in this generation. Millennials, on the other hand, are between the ages of 29…
I Bought a $2 Million Home and Now I’m Experiencing Serious Buyer’s Remorse
It takes a lot of hard work to grow your career and put yourself in a position to afford a big house. However, some people end up with buyer’s remorse after buying these properties.…
We’re in our mid-30s with three kids and just inherited $80,000 – what’s the smartest way to use it?
New heirs shouldn’t blow the windfall headed their way, even though it’s tempting. Undoubtedly, it’s fine to allocate a portion of one’s inheritance towards pricey, fun goods or experiences, provided one “pays themselves first”…
I’m 44y old and am worth $10 million. My lifestyle costs $360,000 per year, is a financial advisor worth it?
A 44-year-old Reddit user with $10 million is wondering whether a financial advisor is worth hiring. He said he spends $30K a month or $360,000 per year, which he is comfortable with, but that…
I Discovered Backdoor Roth IRAs Too Late: Can I Still Make Them Work Before Retirement?
Among the investment strategies that those living in the FIRE world pursue, IRAs are a popular option. Thanks to their tax-free growth, many in this community love the idea of this option over a…
Should I choose drip or auto balance for my $30,000 investment?
Even as tariff-driven volatility sends markets violently in both directions for the next year or so, staying invested (and continuing to add to your portfolio) is the best course of action for young investors…