Like most kids, I grew up playing board games. One of my favorites was Monopoly. I liked it so much I’d play it by myself if nobody else wanted to. Money was scarce in…
As someone who’s still young and just getting started in their professional career, it can feel tempting to “enjoy life” and spend a bit more rather than save for the future. Indeed, the rise…
A Redditor recently posted in the Fat FIRE subreddit about a large deferred compensation payment. The Redditor aims to retire at 55 with $2.5 million in deferred compensation. While the current plan is to defer payouts,…
Inflation has a tendency to erode retirees’ buying power over time. That’s why Social Security cost-of-living adjustments, or COLAs, are so important. Automatic Social Security COLAs were introduced back in 1975. Prior to that,…
It’s possible to more than quadruple your income in a few years, and a recent Reddit post proves it. An accountant shared their income history of how they went from $45k/yr as an office manager in…
A 50-year-old Reddit user with around $4.6 million in investments was planning to retire at age 52 but is wondering if he should pull the plug now. He lives a comfortable middle-class life earning…
A Reddit user is considering a job change that would allow him to make more money, but that increases the risk of losing his job. He’s wondering if he should make the move, which…
When you are at the start of your financial journey, you have to make money without getting much help from compounded returns. However, people who amass large savings can get a lot of help…
The Salary Reddit group contains many posts from people who talk about their salary increases over the years. However, taxes recently came up in a post from a 35-year-old female in New York. She…
A Reddit user was surprised to find she received a bill after her daughter accompanied a friend on vacation. The original poster (OP) said that her daughter went to Costa Rica with a friend…
The Salary subreddit contains many inspirational posts from people who show their salary progression over the years. This recent post comes from a mechanical engineer who went from a $58k salary to a $116.5k salary in…
One of the most challenging things anyone can do in life is to plan for their retirement. While everyone hopes to make enough to live a fantastic lifestyle after working for decades, there is…
Hiring a financial advisor can be a controversial subject. Some people swear by the advice their advisor provides, but others are convinced that managing money is easy enough without professional help so there’s no…
There’s a reason some people aim to file for Social Security at age 70 despite being entitled to their monthly benefits without a reduction much sooner than that. For each year a Social Security…
When you think about the current economic climate of America, it won’t come as any surprise to learn there are clear boundaries between the “rich” and “poor.” In fact, by all measurements, the gap…
