Personal Finance

Personal Finance Articles

24/7 Wall St. Key Takeaways:  Social Security is expected to run into funding issues sooner rather than later, and Americans feel that fixing the program should be a priority. There are many...
Social Security benefits play a major role in the lives of retirees throughout the country. In fact, nearly 50% of people aged 65 or older receive at least 50% of their family income from Social...
24/7 Wall St. Key Takeaways”: Many high-net-worth individuals have lots of money tied up in their homes, which can lead to some liquidity concerns.  No matter what couples decide to do with their...
The Social Security Administration announced 2025’s COLA will only be 2.5% This is substantially lower than prior year increases, and could pinch middle class Americans Retirees should consider...
Amidst ongoing economic uncertainty and a volatile presidential election, you may be concerned that another period of skyrocketing inflation would erode your Social Security benefits. But don’t...
24/7 Insights This Redditor is considering a new job that offers less income.  There is a concern about building generational wealth for pre-college children.  Another consideration is the need to...
A Reddit post entitled, “Is there such a thing as too much in 401(k)s?” caught my attention today. This post was in the subreddit r/ChubbyFIRE, which is for people who have a target portfolio of...
It’s not easy to be an entrepreneur faced with massive decisions that could really change the tone of their financial future. In this piece, we’ll look into the case of a 30-something-year-old...
24/7 Insights This Redditor is 52 years old and has a net worth of $7.8 million.  The concern is whether he needs more to send two kids to college.  More consideration might be needed for the...
To become a millionaire, many people believe you need to work a high-level job like CEO or president of a major company. But that’s not the case, according to a study commissioned by financial...
24/7 Wall St. Key Takeaways: Inflation is the biggest factor impacting Americans’ retirement plans, but many others are also contributing.  While some are adjusting their savings strategies or...
24/7 Wall St. Key Takeaways:  While it may be tempting to build wealth as quickly as possible, Ramsey recommends the opposite approach.  Ramsey’s approach is built on budgeting and debt...
When it comes to saving for retirement, there’s often a lack of clarity about how much is needed, at what age you should retire and how long that money will last. That’s because the answers to...
The main point of life insurance is to replace your income in order to provide for your family when you pass away. But if you’re a stay-at-home parent not earning a paycheck, you probably don’t...