Lastest Stories by Maurie Backman

I’m a big fan of starting to save for retirement at a young age. So when I came across this Reddit post, it made me happy. Here, we have a 26-year-old making a modest $73,000 salary. And the reason...
Millions of seniors today would not be able to pay their bills without Social Security. And when it’s your turn to retire, you’ll probably rely on those payments to cover your expenses as well....
Of the various things I choose to spend money on, dining out is probably my biggest splurge. This doesn’t mean that I spend more on restaurants than, say, my mortgage. Rather, in the context of...
When I see people talk about early retirement, I sometimes get a little worried for them. Stretching a nest egg — even a large one — gets more and more challenging when you leave the workforce...
Saving for retirement in an IRA or 401(k) could result in major tax savings. Not only do you get to exempt some income from taxes, but you get to enjoy tax-deferred gains in your account, paying...
  A lot of people have the mindset that there’s no such thing as having too much money. So I found it really refreshing to come across this Reddit post. Here, we have a couple that’s happy with...
As someone who spent the first part of her career working a stressful finance job, I can definitely relate to workplace burnout. In fact, I found my first job so stressful that despite the generous...
Once you turn 62, you can file for Social Security at any point in time. And there’s a reason 62 is such a popular filing age — it’s the soonest you can get your money. But there’s an upside...
A lot of people dream of an early retirement. And for some, it’s possible to make an early workforce exit while still accumulating a large sum of money. But it’s one thing to retire early with a...
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...
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,...
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...
These days, millions of seniors rely on Social Security to make ends meet in retirement. And given the way inflation continues to mess with working Americans’ finances, a lot more people will...
A lot of people look to downsize their homes once retirement gets close, or once their children have moved out and they no longer need so much space. But you don’t have to be older for downsizing...
You’ll often read about trust fund kids — individuals who grow up surrounded by wealth, attend fancy schools, and generally live a life of privilege from a very young age. But what if you don’t...
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