I Want More Out of Social Security. How Do I Get It?
Saving a lot of money for retirement can only guarantee you so much financial security during your senior years. If you mismanage your IRA or 401(k), you risk running out of money at some…
Personal Finance
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We’re in our 40s and were on track to have $5 million- but I just got laid off and am anticipating a 50% pay cut
Layoffs are a really tough pill to swallow, especially if one gets blindsided by one that nobody could have seen coming. Despite a rather robust economic climate, mass layoffs are still hitting various parts…
We’re in our 40’s and spend $375k annually – are we saving enough to ensure we can retire eventually?
24/7 Wall St. Key Takeaways: Navigating career, family, and financial goals can be challenging when trying to reach financial independence. Whether you’re eyeing a $10M goal or simply striving for financial independence, the key…
I’m 35 and just retired early with millions in the bank thanks to hard work and Bitcoin
24/7 Wall St. Key Takeaways: While this man’s story may seem extraordinary, the principles that guided his journey are accessible to anyone willing to put in the work. This Redditor gives us both inspiration…
What should I do about a previous pension that’s getting sold to another company?
Because of market volatility, many people prefer the surety of a pension plan over a 401(k) or other market-based retirement account. A bear market, a recession, or even a depression could severely deflate the…
I’m unhappy making $215k as a construction superintendent. How can I make $300k in a different career?
24/7 Wall St. : Finding a dream job where we can earn what we think we are worth doing the sort of work we enjoy is the goal of many people. To achieve that…
I’m 52 with a few million in the bank and a juicy government pension – should I just finally quit my job?
One of the perks of working in the Foreign Service division of the US State Department is the ability to fully immerse oneself in another nation and its culture while still enjoying the protections…
I’m 52 making $100k and and am being offered a role making twice as much money but with more headaches – should I take it?
Being offered a more lucrative opportunity can be a blessing and a curse for many, especially those approaching the final decade of their careers before retirement. Undoubtedly, a much larger paycheck, responsibilities, benefits, and…
I’m 45 with almost $5 million and want to quit my job but I can’t pull the trigger
24/7 : This Redditor is considering a new job that offers less income. There is a concern about building generational wealth for pre-college children. Another consideration is the need to take care of family…
I’m 47 with $4.6 million in the bank and I still tend bar once a week – how much cash should I keep on-hand?
Once you’re financially independent, the question of how to manage your cash becomes the name of the game. One Redditor was wondering how much emergency cash she should have on hand in the case…
Baby Boomers Need to Break These Outdated Money Rules
The last 30 years have seen tremendous innovations, discoveries, creations, and strides made in medicine, technology, finance, and communications. The Baby Boomer generation has endured 4 major wars, the creation of satellites and space…
I’ve been pouring money into my 401(k) and it’s nearly $1 million – but is it actually too much?
He is 38 years old. His wife is 37, on maternity leave with their one-month-old, their third child under three. Between them they have $960,000 in retirement accounts, a $1.7 million home, and a…
I’m Afraid Social Security Will Run Out of Money. Is My Retirement Doomed?
If you were to ask a room full of retired people whether they’re worried about the future of Social Security, there’s a good chance at least half would say yes. And they wouldn’t be…
I want to set aside $300k for my two small children – is a 529 the best way to go?
24/7 Wall St. Key Takeaways: For most parents, a low-cost passive plan provides the ideal mix of growth and savings. In rare cases (such as when you really trust your advisor), a managed option…
Dave Ramsey Says This is How You Get Wealthy
Investors may not agree with everything Dave Ramsey has to say. But his advice is still worth listening to. His net worth is estimated at around $200 million, though he himself says he is…