Personal Finance
Personal Finance Articles
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...
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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...
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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...
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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...
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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...
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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...
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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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One of the most challenging aspects of finances is knowing what to do with money you want to put away for retirement. Whether you choose bonds, ETFs, stocks, IRAs, or something else, you have options...
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The prospect of retirement and leaving the drudgery of the workforce is an appealing prospect for many. The topic of retirement savings and investing strategies in order to maximize portfolio growth...
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Without revealing my exact age, most of my friends, at this point, are roughly in their late 30s to late 40s/pushing 50. That means the majority aren’t on the cusp of retirement, but are far enough...
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The Aging Parents subreddit contains posts from Redditors who have to navigate life with aging parents. As people get older, they gradually lose the ability to do basic things and take care of...
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It’s not untrue to say that everyone has a different sense of money, which is very much okay. What’s expensive to me might not be expensive to you, and vice versa. The same goes for how much we...
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I found this question on Quora, and I feel that it’s a fair question. There are so many different types of credit cards. Some have benefits such as cashback, as the question points out, but others...
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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 The power of compounding is lauded by...
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This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Baby boomers now hold an unprecedented share of the...
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