Maurie Backman - Author for 24/7 Wall St.
Maurie Backman has more than a decade of experience writing about financial topics, including retirement, investing, Social Security, and real estate. Her work has appeared on sites that include The Motley Fool, USA Today, U.S. News & World Report, and CNN Underscored.
Lastest Stories by Maurie Backman
Life has a way of surprising us with unplanned bills. You could wake up in the morning to take a shower only to find that your water heater can stopped working. Or, you could go to start your car...
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Once you turn 65, you’re generally eligible for health coverage through Medicare. And it’s for this reason that many older Americans opt to retire at 65. But Medicare is a complex program...
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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...
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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,...
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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...
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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 401(k) plan,...
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Hiring a financial advisor is a personal choice. And it’s not something you automatically have to do. But before you write off the idea, it’s important to understand what a financial advisor...
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Maxing out a 401(k) could set you up for a very rich retirement. In 2025, maxing out a 401(k) means contributing $23,500 if you’re under 50, or $31,000 if you’re or older. And this year,...
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There was a time not so long ago when you could barely get a savings account to pay you 1% on your money. But if you’re thinking that’s still the case, you’re sorely mistaken. In fact, I’m...
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Some people are thankful if they’re able to retire with $600,000 in total. But this Reddit poster is a very different story. Here, we have a 48-year-old who’s a high earner with a net worth...
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I got my first credit card around the same time I got my first debit card. I was a freshman in college and needed both cards for different reasons. But I soon learned that using a credit card...
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A 2024 Bank of America survey found that about 25% of Americans live paycheck to paycheck with no savings whatsoever. A separate AARP survey found that 20% of Americans ages 50 and over have no money...
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No matter how much money you make, you’d probably like to keep as much of it as possible for yourself. And capitalizing on tax deductions is one way to make that happen. What a tax deduction does...
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A recent AARP survey found that 20% of Americans ages 50 and over have no retirement savings. So if you’re about a decade away from retirement and already have $4 million to your name, you’re in...
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When I was growing up, my parents did their best to teach me about money. They highlighted the importance of having a savings account and explained why credit card debt is something to try to...
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