Personal Finance

Personal Finance Articles

24/7 Wall St. Key Takeaways: Ramsey reminds us to shift our focus from external factors, like elections, to areas within our personal control, like budgeting. Election outcomes can impact certain...
The taxman cometh, even for those in retirement. And if you don’t have a plan to reduce what you owe in your Golden Years, then the IRS may end up taking more than it is entitled to. Money in your...
While most people focus on the dollar amount they want to retire with, that is putting the cart before the horse. To understand how much you need to save, you first need to figure out how much you...
Baby Boomers have been dealt a pretty good hand, at least relative to most other generations (including their children in the Millennial cohort, many of whom are struggling to break into the housing...
24/7 Insights This Redditor wonders how much to put down on a house.  There is a plan to have more children, which would increase expenses.  Out-of-town family is also a consideration.  Also: Are...
At some point, we all want to retire. We don’t want to have to deal with the daily grind of work. We just want to take it easy, enjoy life, and downsize our responsibilities as much as humanly...
Retirement is something we all want one day. Not necessarily sitting home and doing nothing, but not having to go into the office. Living a comfortable existence after a lifetime of the daily grind...
One of the most important bits of advice given to addicts attending 12-step programs is that the first step to resolving the problem is in recognizing you have one. Without that initial...
24/7 Insights The father-in-law, in this case, is very controlling.  The parent is worried the FIL will make a mistake investing in a college fund.  The Redditor also doesn’t want to annoy the...
24/7 Wall St. Key Takeaways: If you decide to retire early, sustaining your wealth and keeping pace with inflation will be two of your biggest concerns.  It’s important to be safe with your...
24/7 Wall St. Key Takeaways: Achieving financial freedom is a huge achievement, but it can lead to some resentment within the family, especially if others aren’t as successful as you.  You should...
24/7 Insights A prenuptial is a difficult discussion for future spouses.  The Redditor is worried about an imbalance of wealth.  He wants to protect his assets while being fair to his fiancee. ...
24/7 Wall St. Key Takeaways: Life insurance policies can be surprisingly complicated, especially when they’re used as investment vehicles. Never take ownership of the policy until you understand...
What do rich people worry about? When they manage to find a peaceful night’s rest, what keeps them awake? Is it how to spend their vast wealth in a responsible and moral way? Is it how to improve...