6 Financial Tidal Waves That Could Unexpectedly Crush Baby Boomers
A lot of people look forward to retirement only to find that it’s a more financially stressful period of life than expected. And a big part of the reason could boil down to…
Personal Finance
All Personal Finance Articles
Newest first · Page 353
Will Lawmakers Actually Let Social Security Cut Benefits? Here’s the Scoop
It probably won’t surprise you to learn that Social Security is a key income source for millions of retired seniors today. But what may surprise you is that the program is at risk of…
I’m 30 with only $140k in net worth but here’s my plan to triple my money from here
Maybe it’s because of where Reddit grew up, in the high-cost city of San Francisco. Maybe it’s because so many of its early users were high-earning tech worker types. Whatever the reason, Reddit has…
Medicare Advantage vs. Medigap: Which Supplemental Coverage Makes Sense for You?
One of the most critical healthcare institutions in the United States, Medicare is a staple for many people seeking affordable medical help when retired. As part of the Medicare program, Medigap or Medicare Advantage…
President Trump Wants to Make This Big Social Security Change. Will it Help the Program or Hurt It?
Retiring on Social Security alone is not an easy thing to do. But the silver lining is that seniors who have only Social Security as income typically don’t pay taxes on their benefits. Once…
I’m 27 and went from making $18 an hour to now making $51 an hour as a lab tech
When you’re new to working, it’s not unusual to earn a minimal wage. That doesn’t mean you’re earning the minimum wage. Rather, your income may not be much to write home about. But…
My spouse and I have 2 kids and we want to budget for a good lifestyle that includes good food – how much should we budget?
In life, we have expenses we need to pay for, and we have expenses we choose to pay for. Food is a definite need, and there’s no getting around that. But within the…
SECURE Act 2.0: What Every Retiree Needs to Know About RMD Changes
SECURE 2.0 has significant changes that could help strengthen your retirement. Not only does SECURE 2.0 increase the age at which retirees must take required minimum distributions (RMD), but it also makes changes to…
Should Retirees Be Avoiding the Stock Market? Here’s the Truth
An older relative of mine retired recently and asked for advice on managing his portfolio. I told him his best bet was to sit down with a financial advisor (which I am not) for…
Whoever said you can’t make a good living in retail has never seen my $80k paycheck
There are certain jobs that tend to lend themselves to giant paychecks. Lawyers typically do quite well, as to people who work in the financial industry. But when we think of large salaries,…
I’m 50 with $9 million and I want to get closer to my retirement plan but I’m not sure that’s possible right now
A 50-year-old Reddit user with $9 million is hoping to retire with enough money to produce $475,000 in pre-tax income in order to allow him to spend $365,000 per year once he has stopped…
Should I pay off my mortgage or save the cash? Dave Ramsey weighs in on this hot topic
Recently, a caller to the Dave Ramsey show had an important question to ask. The caller indicated he has paid off all of his consumer debt already and he will soon have an emergency…
These 3 Social Security Changes That Just Took Effect. How Many Did You Miss?
You’re probably aware that Social Security has been around for a long time. But did you know that the program tends to undergo big changes each year? It’s true. Social Security’s rules get an…
Will Social Security Automatically Enroll You At 70?
One nice feature of Social Security is that it doesn’t lock all seniors into one specific filing age. You can claim benefits as early as age 62. But you’ll need to wait until your…
Millions of Baby Boomers Face This Pension Dilemma: Lump Sum vs. Monthly Payments – Which Is Best?
One of the most significant decisions anyone with a pension can make is taking a lump sum (annuity) versus receiving monthly payments. At some point, you’ll have to make a decision, and this decision…