I’m Almost 40 and Looking for Life Insurance. What’s a Good Option?
One of the most important purchases you might make in your lifetime is a life insurance policy. With life insurance, you can leave your loved ones with a sum of money in the event…
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My old job had a pension and they offered me to cash out for $24k or get $100 per month for life — which should I choose?
When I hear about people who are eligible for a pension from an employer, I tend to feel a little jealous. Aside from Social Security, any money I have available in retirement is money…
2 Vanguard Sector ETFs You Can Add to Any Well-Rounded Portfolio
Sector and thematic ETFs (exchange-traded funds) can be a great way for passive investors to spice up their portfolios and add more of a unique touch. Of course, you could stop at broad index…
How Do I Tell My Friends That Even Though I Have a Lot of Money, I Don’t Want to Spend a Lot of Money?
Money is a taboo subject among friends and close acquaintances for a reason. Indeed, some folks out there may be inclined to compare themselves in more ways than one. Whether we’re talking about appearances,…
How to Automate Your Savings and Watch Your Wealth Grow
Taking the thinking out of saving money by automating the process is one of the most effective strategies for building wealth over the long term. Too often we find other ways to spend the…
3 Ways to Lower Your Taxes Without Breaking the Law
Whether you make $50,000 a year or $500,000 a year, your goal is probably the same — to keep as much of your income as possible away from the IRS. And the good news…
We’re in our 40s with $7 million in assets and we don’t want to spoil our child as a trust fund baby – what should we do?
Accumulating $7 million by the time you reach your 40s is a truly amazing accomplishment — and one you should be proud of. And if you have a child, it’s natural to want to…
How Much Will Social Security Pay Me in Retirement? Here’s How to Estimate Your Monthly Check
If you’re like most seniors, you’ll rely on Social Security to provide a good portion of your income once you retire. But, it can be hard to figure out exactly what role Social Security…
I Make $125k Per Year and Retired Early. Am I a Loser Just Because I Play Video Games All Day?
Retiring early is often a dream for many people, and those who plan to leave work early may have many ideas about what to do with their time. For one Reddit user, however, his…
I Always Planned on Taking Social Security at 62, but These 8 Factors Have Me Targeting 70 Now
A healthy retirement in a cute family home used to be the core of the American Dream™. Not so anymore. Decades of rampant exploitation at the hands of corporations, deregulation, and the weakening of…
I called Dave Ramsey because I make $650k a year and I’m worried about combining finances with my boyfriend who makes $150k and
A caller named Alice called the Dave Ramsey show recently to talk about her upcoming potential marriage with her boyfriend. The caller said she makes $650,000 per year and her boyfriend makes $150K and…
We are in our late 30s with a $10 million net worth – should we send our kids to private or public school?
When you can afford to send your kids to private school, should you do so? This is a question that a Reddit user is currently facing. The Redditor has a $10 million net worth…
Is the biggest factor to financial freedom actually just generational wealth?
Generational wealth will play an increasing role as the great generational wealth transfer (from Baby Boomers to Millennials) continues on. Indeed, many Boomers who are well-off, with swollen financial fortunes and enough to retire…
5 Retirement Scenarios Where Annuities Belong in Your Portfolio
As part of any retirement planning scenario, you will look at all the options available. Whether this is maintaining a portfolio complete with stocks, ETFs, 401(k), or real estate, there is no shortage of…
Self-Made Millionaire Reveals the 5 Things He Will Never Do
It seems an obvious idea today, now that it’s been expressed, but Charles Dickens is said to be the first author to put into words the advice: “Never say never” (in his first novel,…