How does Your 401(k) Compare to the Average?
Is your 401(k) account balance above average or below average? This is a helpful thing to know because it can give you insight into whether you are doing better than your peers when it…
Personal Finance
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I’m a small business owner and my mom is guilting me for not funding her life – should I feel guilty?
What obligations do you have to provide for your family members financially when you are doing well and they are struggling? This is a question that a recent caller to the Dave Ramsey Show…
Millennials: Ask These 3 Questions Before Envisioning Your Dream Retirement
If you’re a millennial, it means that barring an early workforce exit, retirement is probably quite a ways off. But that doesn’t mean you shouldn’t start planning for it now. The reality is…
What are the best cash back credit cards for the military? I use the AMEX platinum today.
There are plenty of premium credit card options for active military members. In this piece, we’ll check in with a Reddit user who took to the r/MilitaryFinance subreddit in search of alternative offerings on…
I make $80,000 a year and Dave Ramsey told me this is why I’m staying broke
Recently, a caller to the Dave Ramsey Show asked about a purchase he was hoping to make. The caller said he makes $80,000 per year and is currently maxing out his 401(k) and IRA.…
I’m in my mid-30s and my savings have ballooned into the millions – how do I continue to find motivation and purpose?
Many people in their mid-30s aren’t close to having enough money to retire. Rather, a good number still have debt, whether it’s of the credit card or student loan variety. This Reddit poster,…
Suze Orman says “To enjoy retirement, you need to plan for it. It won’t just happen” – Here’s 4 steps to follow
Suze Orman can be a great guide for prospective retirees who want to start their retirement years on the right footing. Though I do think she errs on the side of caution when it…
What exactly is the point of a non cash back credit card?
If you think about credit cards these days, all you ever hear about is the cash-back credit card. The reality is that there is a very good reason why this credit card type is…
I’m 46 and recently lost my $200k job. I have $3 million saved – can I afford to be picky about my new job?
Losing a job is never fun, but if you have $3 million in the bank, at least you have a financial cushion. This is the situation one Reddit user has found himself in. He’s…
2026 Is the Last Time This Big Change to Social Security Will Happen
In 2026, a big change is coming to Social Security that is going to impact all future retirees. It will affect when and how they can collect benefits. Once the change happens though, it…
Can You Deduct Child Care Expenses From Your Taxes? Critical Facts to Know
We are in the midst of tax season once again, and as usual, the rules and laws have changed, leaving many to wonder how much tax they will end up paying or how big…
I’m Not Even 40, Worth $5 Million, and Struggle to Spend Even $100. What’s Wrong With Me?
When you have a $5 million net worth in your 40s, you are many times richer than most of your fellow Americans. You have already achieved success that most people don’t even dream of,…
How to Determine Exactly How Much Medicare Will Cost You in Retirement
Did you know that the typical 65-year-old on Medicare today is looking at spending a whopping $165,000 on healthcare costs throughout retirement? That number might seem exaggerated, but it’s true, according to Fidelity.…
5 ETFs That Can Serve as the Bedrock of Any Retirement Portfolio
If you’re looking for a simple way to diversify your portfolio and create a lifetime of passive income, you may want to look at some of these top exchange-traded funds (ETFs). In most cases,…
Suze Orman Calls This Popular Retirement Rule “Dangerous.” Here’s Why
Saving money for retirement is not an easy thing to do — namely, because it means giving up one thing or another. For example, if you’re someone who contributes $800 a month to a…