Discover the Best Insights for Every Stage of Retirement

Protect Your Loved Ones With an Estate Plan

Here are eight things you can do to help protect your family....

Vanguard vs. Fidelity: When First Class Is Cheaper than Economy

In a surprising twist on the classic “Vanguard vs. Fidelity” debate, seasoned financial advisor Steve Abramowitz shares his unexpected findings ... Read more...

What Is A Mortgage Recast, And When Is Better Than A Refinance?

Imagine a financial strategy that can lower your monthly mortgage payments, save you thousands in interest, and bring you closer to the dream of early retirement. Mortgage recasting is a powerful tool...

Comprehensive Mercury Car Insurance Review 2024

Discover comprehensive insights into Mercury Insurance, including customer satisfaction ratings, coverage options, pricing, and discounts. Learn how Mercury stands out in affordability and service for...

Planning Retirement as a Single Person - do I need more or less?

I (50f) am working on my final phases of retirement planning as a single person. Even if I were to find a partner, I would not get married again and plan on financially supporting only myself in the f...

Life Insurance Settlements Experience

I (64F) am retired. My husband (65M) has a term life insurance policy that we may want to sell as the premiums are escalating to the point of becoming unaffordable. We have met with 3 different planne...

Financial (and life) management without close relatives

My wife and I are in our mid-60's and retired. We (supposedly ;-) have enough money to last us through our lifespans, We do not have any children or close younger relatives and we both have parents wh...

Surprising Finding: Tooth Loss Associated With Increased Dementia Risk

We may not think that gum disease and tooth loss can be risks for dementia. Solid research shows that they are. Attend to aging parents' oral health....

Why these authors want you to spend your money and die with $0 saved

According to the book Die with Zero, we should all run out of money just as we run out of life. Here’s a summary of that book and a few others that explore this theme and variations on it. The p...

Even Experts Don’t Always Get It Right: My Relocation Journey

I’m sharing our Colorado relocation story. Despite a few mistakes, we're finding balance in living well now and planning for the future....

Solving Social Security’s Funding Shortfall Requires Acknowledging Uncertainty

We know what we are dealing with, and can take steps to address it. The key metric used to summarize Social Security’s financial status is the 75-year deficit. This number is the present discoun...

How Much Does Inflation Affect Retirees?

For several years before the pandemic, everyone became complacent about an inflation rate hovering reliably around 2 percent. We were jolted from our torpor by the COVID spike in inflation to nearly 9...

Comprehensive Mapfre Insurance Review 2024

Discover the key aspects of Mapfre Insurance, including customer feedback, coverage options, pricing, and discounts. Get insights into customer satisfaction, claims handling, and additional services o...

A Parent’s Existential Crisis: When All Financial Obligations Are Met

After publishing my post, “When To Stop Contributing To A 529 Plan,” I felt a sense of emptiness. For years, I had been trying to find a logical way to decide when to stop saving for my ch...

How to Risk-Adjust Returns

The concept of risk-adjusted returns is important to understand. While calculating returns is relatively standard, risk is harder to measure. The post How to Risk-Adjust Returns appeared first on The ...

12 Negotiation Techniques You Need to Know

Doctors and other high income professionals are often completely naive about the basics of negotiation. Here are a dozen tips that can help. The post 12 Negotiation Techniques You Need to Know appeare...

Olympians Who Became Doctors

As the Paris Olympic games are set to begin, let's take a look at past elite-level athletes who went on to become doctors. The post Olympians Who Became Doctors appeared first on The White Coat Invest...

Social Security Issues Two Alerts

The Social Security Administration recently issued two alerts, one describing an important change and the other warning about a new scam....

Leaving Social Security Untouched May Drive 3.8M Seniors Into Poverty

Failing to fix Social Security's looming financial shortfall would throw 3.8 million seniors into poverty by 2045. Median promised benefits would decline by $5,900....

Retire Aboad? Here’s What You Need To Consider First

Discover the key factors to consider before deciding to retire overseas, including affordability, taxes, medical insurance, and residence requirements....

The Best Places To Retire Abroad In 2024

For Americans retiring abroad, discover top retirement destinations around the world offering affordability, healthcare, quality of life, and beautiful surroundings....

Why Your Credit Score Is Important For Securing Business and Personal Loans

Learn how credit scores impact loan approval, interest rates, and borrowing options for both personal and business loans. Discover strategies to improve your credit score and enhance financial stabili...

Top 5 Impacts of Social Media on Business

Discover how social media is revolutionizing business communication, increasing competition, and enhancing customer loyalty. Learn key strategies to leverage social media trends and market research fo...

Can I Take A Mini Retirement as Physician?

If you’re one of the people who feel like retirement might never be an option, consider opting for a less conventional route: a mini retirement....

Financial Flexibility – Don’t Spend It All at Once

Have you ever thought: I’m buying this because I deserve it? Here's why that could be a dangerous mindset—and what I'm doing about it. The post Financial Flexibility – Don’t Sp...

Beware of False Diversification

There is one thing that many unsophisticated investors are still getting wrong about diversification. It's called false diversification. The post Beware of False Diversification appeared first on The ...

If You're the Millionaire Next Door, You May Be a Terrible Spender

Good job on all that great saving. Now you need to start spending some of that hard-earned retirement savings on the things you love....

Who Will Be the Beneficiaries of Your Wealth?

Deciding who you want to inherit your wealth, as well as when and how, is a crucial first step in estate planning. Here are the four beneficiaries to keep in mind....

Do These Five Psychological Tasks Before Retiring

To succeed at retirement, you need to address five emotional tasks to replace and mitigate the losses from working....

Supreme Court Ruling In Loper Bright Changes Estate Planning

Supreme Court Loper case affects your estate plan. You might file a claim for refund or amended return. IRS Regulations not mandated by Congress may be challenged....

Talkin' 'Bout My Generational Wealth: Baby Boomers

With retirement, each generation has different priorities and challenges. For Baby Boomers, it's a matter of ready or not, here it comes....

4 Signs That You May Need A Financial Advisor In Retirement

There are four main reasons why someone should decide to hire a financial advisor. Hopefully this framework will help families in their decision-making process....

Went Back To Work And Could Only Last Four Months: Here’s What Went Wrong

After 12 years of FIRE (financial independence retire early), I went back to work. Unfortunately, I only lasted four months. Here's my story of what went wrong. I purposefully waited months to release...

Best Ways To Create Family Wealth

There is a misconception in society that all doctors come from wealth. And while I can understand where that comes ... Read more...

5 Retirement Red Flag Warnings For Retired Couples

5 Retirement Red Flag Warnings For Retired Couples...

Final IRS Regulations Issued On Inherited IRAs, RMDs, SECURE Act

The final regulations retain the controversial IRS interpretation of the 10-year rule for inherited IRAs....

Anyone snowbirds get the homesick blues?

My wife and I are retiring next year, with plans to move to her hometown in Alberta, Canada, which is freezing cold for at least four months a year. So the tentative plan is to spend two or three of t...

Earning Less in 2024 Than 2023 - Will This Affect Upcoming SS Payments?

I am retiring in December of this year. I will start collecting SS in January 2025 or may push it off a few months if finances allow. For the past nearly 15 years I've been able to count on yearly sal...

$656,000 of Frugal Things I Still Love Doing

– “I used to read Mr. Money Mustache”, some people say these days, “Until he got all rich and fancy so that he no longer understands the common person’s plight. Stash pro...

Passive Income and Other Money Myths

When’s the last time you saw a headline highlighting some young person making five figures of “passive income” a month? ... Read more...

Long-ago Federal Benefit for Boomers in College Paid Off

In the late 1960s and 1970s, the U.S. Social Security Administration subsidized college expenses for young adults with deceased, disabled or retired parents who were receiving dependent benefits. The ...

Why Rental Property Income Is Superior To Stock Dividends

I'm a fan of both stock dividends and rental property income, my two favorite sources of passive / semi-passive income. When younger and less wealthy, rental property income may be preferable. As you ...

Estate Planning Strategies to Consider as Election Nears

Are big changes in tax laws coming soon? Not likely, but you might want to take advantage of higher estate and gift tax exemptions well before the end of 2025....

Reader Case: Artist Floundering Around FIRE

Hi FIRECracker and Wanderer (and Little Matchstick), I could also title this, “I think I’m mathing my shit wrong.” I’ve never been a Mathlete and always like to use the excuse ...

Does anyone use DIY retirement financial planning software?

I’m curious if anyone here uses any DIY retirement planning software, or does everyone just pay a financial planner every year? I’ll be 63 later this year and planning on retiring sometime...