personal finance reddit
personal finance reddit Articles
Some parents try to help their kids build credit before they’re old enough to take out credit cards. However, one Redditor in the Personal Finance subreddit wasn’t convinced. The individual said...
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Receiving an inheritance can change how you view money. A 40-year-old disabled veteran recently received a $25,000 inheritance from his grandfather, a former World War 2 veteran. He has a wife and...
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Some people get more ambitious as they become wealthier. A recent post in the RichPeoplePF Reddit community serves as a good example. A software engineer in their early 20s makes $204k per year from...
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Credit card companies have safeguards in place if their users get hit with fraudulent charges. However, a unique case made its way to the front page of Reddit. It begins with fraudulent charges on...
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Credit cards can lead to a lot of debt, but if you use them correctly, you can actually get a lot of money and perks back. One Redditor has kept up with their bills but doesn’t have any credit...
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Products and services have been getting more expensive for years, and wages haven’t kept up. Although the affordability crisis can leave many people feeling discouraged, it’s still important to...
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If you inherit an IRA, you must withdraw all of its funds within 10 years. This spacing is quite beneficial since you can plan withdrawals over time to minimize your tax burden. Furthermore, if you...
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Some people turn to financial advisors when they need help with reaching their long-term financial goals. While there is a benefit to speaking with a fiduciary who is required to serve in your best...
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Not everyone starts planning their retirement early. Some people start in their 30s and 40s and want to catch up. It’s still not too late to retire on good terms if you get started in your 40s, and...
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Brokerage firms charge various fees, and one of the common costs is an account transfer fee. Many companies charge to transfer a 401(k) plan from one firm to another. A Redditor came across this...
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A Redditor turned to the Personal Finance subreddit for advice about what to do with his stepson’s survivor benefits. The child’s biological father passed away a few months ago, and the child...
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Pensions have been losing favor as more employers have shifted to retirement accounts like 401(k) and 403(b) plans. This shift continued as a Redditor’s pension was recently frozen. They are a...
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Many parents use 529 accounts to help cover their children’s education costs. It’s even more advantageous if grandparents create these accounts since their 529 plans do not impact a student’s...
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The internet has made it easier for people to learn more about finance and stay on top of their investments. A 28-year-old talked about this phenomenon in the Personal Finance Reddit community....
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It’s normal for teenagers and young adults to start with low salaries. It’s a way of getting your foot in the door and establishing work experience. However, just because you are young doesn’t...
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