Personal Finance

Personal Finance Articles

Financial guru and podcaster Dave Ramsey is unafraid about professing his devout Christian faith. However, he usually mentions it when using Biblical teachings to illustrate advice concepts on his...
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. The world of high finance can be a stressful workplace....
When you are on  Social Security, you can expect your retirement benefits to increase during most years. That’s because Cost of Living Adjustments (COLAs) typically happen automatically from year...
Should you share the fact that you are wealthy? A Reddit user asked this question recently. He explained that he was discussing estate planning with his mother and mentioned that he and his spouse...
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. 24/7 Wall Street Amassing a sizable portfolio for a...
It’s not uncommon for seniors on Social Security to collect those benefits for two decades or longer. But in that long a time frame, the value of a dollar can seriously erode due to inflation....
Is it better to live without using credit cards at all? Are you taking on too much risk by only using a debit card? Are you leaving free money and rewards on the table by paying for everything with...
Should you take a large financial gift from family members? This is an issue a Reddit user is facing. The original poster (OP) explained that he makes a seven-figure income while his wife doesn’t...
When you set up a family trust, are you legally obligated to share it with the people listed in it? Is it wrong to not give the beneficiaries access to the trust? What does the law say about what you...
The median retirement savings balance among Americans in their early to mid-60s is $185,000, according to Federal Reserve data from 2022 (the most recent available). Now that figure may be a bit...
Fidelity says that by age 40, you should aim to have enough retirement savings to replace your salary three times over. So by age 32, you’re hopefully in the habit of steadily funding a 401(k) if...
As of November 2024, the average retired worker collecting Social Security received a monthly benefit of $1,925. Your monthly benefit, however, will hinge on a variety of factors, including the age...
Although the past few years have been brutal for borrowers from an interest rate perspective, they’ve been fantastic for people with money in the bank. For much of 2023 and 2024, 5% CD rates were...
Should you tell your kids they are on track to receive a large inheritance? A Reddit user posted this question recently. The original poster (OP) said that he and his wife have a net worth of around...
Does it make sense to pay family as employees instead of simply giving them money if you want to support them? Are there any specific laws that prevent someone from paying family a salary? What tax...
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