Personal Finance
Personal Finance Articles
I have a lot of friends who are in their 40s with multiple kids and struggling to build up enough savings for retirement (plus college, home improvements, and the other many things that tend to eat...
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There’s likely to come a point in time when you’re ready to quit the rat race and kick off your retirement. For some people, that point comes in their 60s. But if you’re in a high-pressure job,...
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Leaving exorbitant amounts of money to children can have a detrimental impact on their career and life decisions. Indeed, even if a parent doesn’t tell their children what to expect in the way of...
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Retired investors seeking greater diversification beyond just stocks and bonds may wish to enter the realm of commodities. With the rise of numerous commodity exchange-traded funds (ETFs), it’s...
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Inheritances can get messy, and a Redditor recently shared their experience in the Inheritance subreddit. Her father was listed as the Financial POA, and the Redditor was the alternate. Her...
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A 60-year-old Redditor recently posted in the Retirement 401(k) subreddit about buying a house with 401(k) funds. The Redditor is 60 years old and has $750,000 saved up in their 401(k). The...
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Retiring early always carries risk — namely, that you’ll run out of savings and end up having to eventually return to work (or, worse yet, being unable to do that despite needing to). So if...
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Tesla (NASDAQ:TSLA) stock has been one of the most successful stocks over the past decade. Some people have become millionaires just by investing in Tesla stock. However, if investors want to sell...
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It’s a nice feeling to discover you have a trust fund your parents may have set up to help give you a nice boost later in life. This fortunate individual who recently took to the r/personalfinance...
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In numerous prior pieces, I urged those starting a trust for someone to focus more on education rather than complex legal structures to protect heirs from making poor financial moves. Undoubtedly,...
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Not too many 37-year-olds have a $10 million net worth, but one Reddit poster has accomplished this amazing feat. The Redditor owns $2 million of real estate, $1 million in retirement funds, and...
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President Trump’s 2017 Tax Cuts and Jobs Act delivered impressive economic growth and benefits to millions of Americans. One of the crucial aspects of TCJA that helped countless families who owned...
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It’s no surprise that rich people don’t actually comprehend the value of money. But when some finally decide to do something useful with their money, they sometimes have a hard time figuring out...
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Is it possible to contribute too much to your 401(k) account? This is the question a Reddit poster recently asked. The original poster (OP) is 26 and has been investing 15% of their pre-tax income...
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The dream of many people around the world: receiving a surprise fortune. But what should you do with the money once you get it? If you’re already rich, should your options change? How can you...
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