Personal Finance
Personal Finance Articles
I’m a big fan of starting to save for retirement at a young age. So when I came across this Reddit post, it made me happy. Here, we have a 26-year-old making a modest $73,000 salary. And the reason...
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Millions of seniors today would not be able to pay their bills without Social Security. And when it’s your turn to retire, you’ll probably rely on those payments to cover your expenses as well....
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Earning money can help cover living expenses, but investing it can give you a nest egg that lasts a lifetime. While the average net worth in America is a little over $1 million, the median net worth...
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Of the various things I choose to spend money on, dining out is probably my biggest splurge. This doesn’t mean that I spend more on restaurants than, say, my mortgage. Rather, in the context of...
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If you have a chance to make a few million dollars by working a couple extra few years, should you take it? Does the answer change if you have $5 million already? This is a question that a Reddit...
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For many people in the community, Reddit is the gift that keeps on giving. However, one Redditor got a lot more than what he bargained for. A 33-year-old male posted in the HENRYfinance subreddit....
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When I see people talk about early retirement, I sometimes get a little worried for them. Stretching a nest egg — even a large one — gets more and more challenging when you leave the workforce...
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Before retiring, it’s critical to make sure you have the funds you need to support you for the long haul– especially if you are only in your 40s when you call it quits. One Reddit poster is...
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Dave Ramsey has shared financial advice for many years, and a tidbit that he shared a few years ago continues to age well. In an old YouTube video, Ramsey states that 401(k) plans are better than...
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Life insurance policies offer financial insulation in case a spouse passes away. While whole life insurance offers better protection since it never expires, term life insurance is more affordable. ...
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If you’re young and more than willing to take on more risk for a shot at bigger gains over the medium- and long-term, it may be tempting to go for more speculative, high-momentum types of...
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What happens if your parents have no retirement savings? This is an issue that a Reddit user is currently dealing with. His parents are Baby Boomers who he says ran out of money five years ago,...
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Saving for retirement in an IRA or 401(k) could result in major tax savings. Not only do you get to exempt some income from taxes, but you get to enjoy tax-deferred gains in your account, paying...
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A Redditor in their early 40s has amassed a $10 million net worth and wants to set up trusts for their four children. However, the Redditor doesn’t like the idea of their children receiving a lump...
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Is it reasonable to spend $38,000 per month? A Reddit user posted this question recently. At first glance, you may say no way considering it’s around 60% of the total amount the average American...
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