A Redditor recently posted in the FIRE Reddit group looking for advice about starting an LLC. The Redditor doubts that there are any tax benefits with starting an LLC over collecting W2 income increase. Redditors responded…
Giving money to your children can set them up for financial success. Extra funds may make it easier for them to buy a house and work toward other financial objectives. However, giving your children…
In the DIY digital era, where people enter stock trades on Robinhood through a smartphone app, the notion of not managing one’s own retirement funds may be considered quaint and an anachronism. Nonetheless, there…
A Redditor has accumulated $2.2 million in his portfolio. That doesn’t include $500k in a 401k, $3 million in residential rental properties, and $750k in cash. He has also saved $500k in each of…
Inflation is still a problem that’s worth keeping tabs on in the new year, especially if new policies (tariffs?) get put into place that could affect pricing on a wide range of goods and…
A Redditor recently posted in the Fat FIRE subreddit to gauge if he’s ready to live off dividends and interest payments. The Redditor has $10.8 million in stocks and treasuries plus $650k in cash.…
A 23-year-old Redditor is wondering if he’s taking the right steps to set himself up for success. The Reddit user explained that he is 23 years old, makes around $60,000, and lives at home…
If you were raised in the American financial system, you probably learned that keeping your money in cash, or not investing it, is the worst thing you can do with your money. But is…
Most divorces get messy due to finances, emotions, and other factors. It’s an unfortunate reality, and one woman in her 40s turned to the Fat FIRE Reddit community for advice. She explains in a post that…
Each year, Social Security benefits are eligible for a cost-of-living adjustment (COLA). The purpose of COLAs is to make sure that benefits are able to keep up with inflation. But unfortunately, they often fall…
It won’t come as any surprise to learn that the baby boomer generation is widely considered the wealthiest generation in history, so it begs the question of how they got there. The US has…
A divorce has significant ramifications on all aspects of a person’s life, including their finances. While some of these changes may be unpleasant, it’s important to prepare for them. People who are getting divorced…
It’s no secret that the crushing inflation and economic hardship wrought by the Biden Administration’s policies were a major reason for the landslide presidential electoral victory in November by President Trump. With the costs…
Rising costs have made it more difficult for many people to afford basic goods and services. Inflation impacts poor and middle-class families more than the upper class. However, there are some differences between poor…
A Redditor is approaching his Coast FIRE goals but is considering an early exit. He didn’t share financials but posted in the FIRE Reddit group looking for some advice. It’s harder to share thoughts about finances…
