Maurie Backman - Author for 24/7 Wall St.
Lastest Stories by Maurie Backman
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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Hiring a financial advisor is something a lot of people don’t think to do. But in reality, it could be an important step toward meeting your financial goals. But you don’t want to hire any old...
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A lot of people don’t manage to save anywhere close to $5 million by the time they reach their 60s. So if you’ve gotten to age 50 and have $5 million to your name already, you may be in a strong...
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In today’s market, it’s becoming increasingly difficult to afford a house. Home prices remain sky-high, and mortgage rates are also elevated. And with the Fed’s interest rate cuts on pause,...
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Five years ago, if you would’ve asked me where to put your money to turn it into an ongoing income stream, I would’ve suggested the stock market. As a holder of dividend stocks myself, I love the...
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There’s a reason older Americans are often advised to delay Social Security. For each month you put off your claim past full retirement age (FRA), your monthly benefit grows by about 2/3 of 1%....
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Early retirement can mean different things. For some people, it can mean ending their careers in their late 40s or early 50s. For others, it can mean stopping to work around age 60. A lot of people...
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Given the cost of childcare and the challenges of raising kids, it can sometimes make sense for a couple to decide that one parent will work full-time while the other parent stays home with their...
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Once you retire, Social Security might end up becoming a pretty significant income source for you. So it’s helpful to know how much money to expect from it. And the good news is that there’s a...
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Some people join the military because they want to protect their country. Others join for the built-in perks. These could include job security, medical coverage, and retirement benefits down the...
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I was in my mid-30s when I first started working with a financial advisor. And the reason I didn’t start to use one sooner boiled down to ignorance and laziness on my part. In my 20s, long-term...
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I know a lot of people who struggled with mediocre jobs and salaries during their 20s and 30s. Thankfully, many of those same people reached their 40s and finally found that their income started...
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Of the people in my circle of friends, I’m probably the only person who uses a financial advisor. And that’s sort of ironic, because I’m also the only one whose job is to write about...
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Planning for retirement isn’t something you should wait until your 40s or 50s to do. The earlier in life you start, the more likely you may be to reach your personal goals. Meanwhile, a big part of...
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