I came across an unusual Reddit post recently. The Redditor was looking at a sizable inheritance sooner rather than later. The poster is 31 and currently has a net worth of $4M and a…
Annuities used to be a hit among those in the Baby Boomer generation. Indeed, those who don’t want to risk their principal and seek a more “personalized” touch versus the likes of certificates of…
A Reddit user with $7 million in the bank has recently shared some financial concerns. While he is obviously in a good place with his savings at just 32-years-old, he’s having a problem with…
Social Security has been around for a really long time. And it’s also a program that’s filled with different rules. Because of this, it stands to reason that over time, misinformation has leaked out…
Personal finance guru Dave Ramsey famously became a millionaire before he turned 30 by investing in real estate, taking on large debts in the process. He then lost it all when his banker called…
It’s a good idea to invest your money for future goals so it grows while you aren’t using it. And to that end, you can choose from a wide number of brokerages to…
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…
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…
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…
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…
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…
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…
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 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…
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…
