Personal finance guru Dave Ramsey recently weighed in on the retirement planning debate between traditional 401(k) plans and a newer alternative called a Roth 401(k). His explanation stands out for its clarity and the…
Social Security pays benefits to roughly 70 million Americans every month, and almost every one of them is operating on at least one piece of bad information about how it works. That’s not a…
Many Baby Boomers heading into retirement are bracing for the possibility that their savings won't stretch far enough. After decades of warnings about market volatility, rising healthcare costs, and longer life expectancies, the fear…
One of the worst things you can do is take a loan from your 401(k), says Suze Orman. With a traditional 401(k), contributions go in before taxes — but when you borrow and repay…
Banks have a way of quietly draining your account through fees, including monthly maintenance charges, overdraft penalties, and ATM surcharges. And these “small fees” can add up faster than most people realize. What many…
A lot of people reach retirement age without much money in savings. But if you worked hard and saved well, you may be in a very different position. And if you're retiring with a…
Many people brush off life insurance as something people buy out of fear or obligation; an unnecessary monthly expense for a future that feels much too far away to worry about. Some assume a…
Fear, uncertainty, and doubt. These three forces show up often when people talk about money and investing. It can scare people away from great investing opportunities and lead to bad decisions. FUD was on…
Financial expert Dave Ramsey is known for his ability to cut through the noise surrounding how ordinary, everyday people can build wealth. On an episode from his “The Ramsey Show” podcast, Ramsey argues that…
Retirement is a long-term goal that often requires multiple decades of planning. You have to save money, invest it, and calculate how much you’ll spend each month when you retire. There are plenty of…
Once you retire, there’s a good chance you’ll need your monthly Social Security income to manage your senior living costs. And even if you end up with a large pile of savings, the extra…
When baby boomers start to think about retiring, they undoubtedly have more questions than answers, like how much income they will need to maintain their lifestyle or what debt they have right now that…
It's a sobering question for any generation to wrestle with: can someone retire comfortably on $1 million? The answer depends on where you live, how you spend, and whether the math of healthcare, inflation,…
In the world of Dave Ramsey and honest talk, you can always expect to hear some very difficult advice. This often means that Dave, who is well-known for being outspoken on other people’s financial…
Dave Ramsey has created a name for himself in the world of personal finance as being extremely conservative when it comes to savings and debt. Ramsey feels that consumers should, on a whole, protect…
