Credit Cards Are the New Cash – Why You Should Ditch Paper Money Now
Credit cards have quickly outgrown cash use in the last five years. Using credit cards gives you extra buying power, so long as you are careful. It’s easy to go into debt with a…
Personal Finance
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I already have almost $2 million saved for retirement – should I still max out my employer-offered 401k?
Trying to decide how to finance a home is always difficult. When you have multiple investment accounts as an option, it becomes even more troublesome, especially when the house is in the neighborhood of $3M. Throw…
I want to help my kids build up their credit history so I added them to my credit card – will this help?
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers. It’s always a fantastic idea for parents to set their…
How Scammers Stole $538 Million from Seniors Last Year and What You Can Do to Stop Them
Senior scams accounted for $538 million in losses last year. This age group is an easy target because they quickly trust new information. It’s important to know the signs something might be a scam. …
I’m in my early 50s with $1 million in my 401k and looking to quit now because I feel burnt out – what would you do?
This couple is on a solid path toward early retirement. There is a big question about medical coverage if ACA is repealed. The family has the bulk of its net worth tied up in…
6 Carl Icahn Quotes Every 70-Year-Old Needs to Hear
Carl Icahn is a successful businessman and investor. If you’re in your 70s, you can reference Icahn’s quotes as you near or settle into retirement. Also: Take this quiz to see if you’re on track…
We banked $4 million in retirement and moved to another country in our early 40s – are we set up to really never work again?
Reddit is a treasure trove of real-life stories, and one post recently caught my attention. The 41-year-old poster shared how his family had recently undergone a serious lifestyle change, leaving behind high-powered jobs and…
“I regret buying the BMW” – Personal finance expert Suze Orman gives her best advice to this young woman
In a recent “Millennial Money” video, Wendy, a driven young professional living in Pasadena, California, opens up about her financial habits and challenges. I love that this video shows that very few people are perfect with…
My wife and I are set to receive a large inheritance later in life – can we afford to stop stashing so much money in our 401(k)?
Trying to balance long-term savings and enjoying life can be a very tricky tightrope to walk! One Reddit user shared a situation that brings up this problem: a combined $700K in retirement accounts, $1.1M…
I’ve invested $3.5 million into real estate and want to invest another $1.5 million – is this reckless given my income?
Once upon a time, investing in real estate was considered a no-brainer. “Buy land,” Mark Twain famously quipped, “they’re not making it anymore.” The value of property seemed destined only to rise. That certainty,…
These Are The Most Important Withdrawal Rules For Your 401(K)
401-K plans are a form of deferred-tax retirement account that allows for employees to divert a portion of their salary for retirement savings. Employers can match part of the contribution as a job benefit.…
3 Things That Might Keep Baby Boomers Up At Night
The quiet hours of the night can often bring reflection for anyone. No matter what stage of life we’re in, sleepless nights are the worst. And for those baby boomers worried about retirement, thoughts…
Ramit Sethi Says Doing This Every Year Could be Worth Thousands of Dollars
Every December, author Ramit Sethi does a “rich life review.” He’ll look back at the year that passed and plan for the one ahead – something we should all strive to do, as well.…
I’m 35 with a $775k in my 401k – I should keep contributing to the 401k or put extra money in a brokerage account?
If you’re miles ahead of the 401(k) retirement savings journey, you may have flexibility as to what you do with incoming funds. Undoubtedly, $775,000 is a significant sum saved up for retirement and though…
I’m 34 and went through a successful IPO that immediately bumped my net worth up $2 million – do I need to keep working?
Key points: A net worth in the millions is more than enough money to retire. Working after this point is a personal preference. Money can always be reinvested, and you can start work again,…