Personal Finance
Personal Finance Articles
When you’re new to working, it’s not unusual to earn a minimal wage. That doesn’t mean you’re earning the minimum wage. Rather, your income may not be much to write home about. But you...
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In life, we have expenses we need to pay for, and we have expenses we choose to pay for. Food is a definite need, and there’s no getting around that. But within the context of food, it’s...
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Financial advice radio program host Dave Ramsey usually gets callers with specific questions on their personal situations. However, among general topics, one that has come up is the different mindset...
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An older relative of mine retired recently and asked for advice on managing his portfolio. I told him his best bet was to sit down with a financial advisor (which I am not) for personalized guidance....
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In most cases, delaying Social Security benefits is a smart choice for retirees. While benefits can be claimed starting at 62, putting off a claim as long as possible until 70 will result in the...
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There are certain jobs that tend to lend themselves to giant paychecks. Lawyers typically do quite well, as to people who work in the financial industry. But when we think of large salaries,...
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A 50-year-old Reddit user with $9 million is hoping to retire with enough money to produce $475,000 in pre-tax income in order to allow him to spend $365,000 per year once he has stopped working. ...
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Recently, a caller to the Dave Ramsey show had an important question to ask. The caller indicated he has paid off all of his consumer debt already and he will soon have an emergency fund built up....
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You’re probably aware that Social Security has been around for a long time. But did you know that the program tends to undergo big changes each year? It’s true. Social Security’s rules get an...
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One nice feature of Social Security is that it doesn’t lock all seniors into one specific filing age. You can claim benefits as early as age 62. But you’ll need to wait until your full retirement...
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One of the most significant decisions anyone with a pension can make is taking a lump sum (annuity) versus receiving monthly payments. At some point, you’ll have to make a decision, and this...
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A Redditor recently posted in the FIRE Reddit group looking for advice about starting an LLC. The Redditor doubts that there are any tax benefits with starting an LLC over collecting W2 income...
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Giving money to your children can set them up for financial success. Extra funds may make it easier for them to buy a house and work toward other financial objectives. However, giving your children a...
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In the DIY digital era, where people enter stock trades on Robinhood through a smartphone app, the notion of not managing one’s own retirement funds may be considered quaint and an anachronism....
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