Curated articles and podcasts from trusted financial experts and real retirees.
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Binge buying is a serious problem that can affect sufferers’ moods, relationships, quality of life and financial security, but it can be treated...
Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 3.2% starting in January 2024....
According to a new survey, inflation is forcing Americans to delay medical care and downgrade health insurance. This is a particular problem for retirees...
How we learned to stop worrying and like (if not love) the joys and challenges of living in a 55-and-over community...
Today, we talk about if it is reasonable to use 457(b) money to help fund your child's college education, how to do a 401(k) rollover and then how to rebalance it, if it makes sense to do Roth contrib...
Like you, during this period of high inflation where ‘cash is no longer trash,’ I’ve been tracking where the best ... Read more...
When I was in Corporate America, a common mantra in my office was… Ready. Aim. Fire. Sounds easy, but often we take what feels like the safer approach. Ready. Aim. Aim. Aim. Aim…. The Re...
America’s retirement crisis could cost federal and state governments an estimated $1.3 trillion by 2040....
We often try to overcomplicate finances, but simplicity is the key. That’s not to say simplistic: simple doesn’t equal simplistic. On this episode, we wrap up our Wisdom for Our Children s...
My husband is set to retire in January 2025. He will be 65 1/2. We are going to be downsizing to a smaller home with everything on one level ( ranch style ), as I am already having some issues with st...
Two of the most popular loyalty rewards programs in Canada are AIR MILES and Aeroplan. Both are longstanding programs that provide many different ways to earn points, including through credit card rew...
By Dr. Jim Dahle, WCI Founder I was chatting recently with two financial advisors who work exclusively with doctors, and we were comparing stories of physicians who are in serious financial trouble wh...
By Josh Katzowitz, WCI Content Director Social media is pretty much the worst. I feel like I have to be on X (Twitter) and Facebook for my job (and I spend plenty of hours a week on both), but I also ...
By Dr. Jim Dahle, WCI Founder The term “discretionary income” gets thrown around all the time. However, it actually has a legal definition that does matter to many white coat investors, es...
By Jamie Johnson, WCI Contributor The COVID-19 pandemic had a huge impact on all of us, but physicians and the medical community as a whole were hit especially hard. Even though physicians had to deal...
Beneficiaries and retirement account owners born in 1951 in particular may be in luck....
Bank of America's Ben Storey knows how many future retirees forget to plan for healthcare costs. Here's how financial advisors can help....
Well folks, after writing over 2,300 personal finance articles since 2009, my job here at Financial Samurai is done! According to the 2022 Federal Reserve Consumer Finance Survey, the average American...
Many Medicare Part D drug plans are changing how many and which types of insulin they are covering in 2024....
Want to slash your cost of living and upgrade your lifestyle? In these 5 sun-drenched havens the cost of living can be less than half the average in the U.S....
With today's real yield, a TIPS ladder has become a compelling option for retirees. Here's how either a 30-year or 5-year TIPS ladder could help those in retirement....
By Dr. Jim Dahle, WCI Founder I heard an interesting statistic at the Bogleheads Conference last year. Here it is: “Only 1 out of 7 retirees spends any of their principal.” Wild, right? Ev...
Photo credit: jb In general, when you withdraw funds from an IRA prior to age 59½, your withdrawal is subject to both income tax and the 10% early withdrawal penalty. The 10% penalty is waived ...
Contents from freedom 35 blog. (www.freedomthirtyfiveblog.com) US stocks are down year to date You probably wouldn’t have guessed it, but stocks are down 4% in 2023 so far. This is according to ...
This post is a follow-up to our post of April 16, 2023. In that post, we said, “In our ‘real world,’ lots of things can happen in the future that can affect the ratio of household as...
Do you want to know how you are doing relative to your peers financially? Then this is the article for you. Last week the Federal Reserve released its 2022 Survey of Consumer Finances, the gold standa...
60 yo single male, no kids here. Retirement is on the horizon, but I have two conflicting visions of what the first few years of my retirement should look like. On one hand, I'd like to buy a mid-size...
Laura Stover, RFC® is joined by guest co-host Darlene Tucker, CFP® today. This week’s weekend brief comes from Forbes: “5 Predictions For An Economic ‘Soft Landing’ Tha...
Check out Jeremy’s latest podcast on retirement planning by listening on “Apple Podcasts” or “Spotify Podcasts” or read below for How To Live An Abundant Life. Summary: [...
Abstract This paper examines high-frequency patterns that occur in the experiences with, behaviors during, and attitudes toward COVID-19 among people with disabilities since the pandemic began. It als...
I took this 5 Minute "financial virtues" survey and found out I am a "Blue Bull" investor. Some pretty detailed insights into my motivators, unconscious needs, Communication style and decision making ...
I’m working retail, and I was worried that shifts would overly get in the way of other things I like to do, like my weekly dinner with a group of friends, volunteer work, church services, workou...
I had no plans to go for a walk today. Lisa and Faith were gone and that’s usually when I focus on getting things done. Sometimes I’ll work on projects around home (which is the RV right n...
Older people have a great ability to adapt and cope. Much of the work we do suggests that people are not saving enough for retirement. More specifically, since 2006 we have published our National Reti...
Thebrief’skey findings are: Grandparents raising grandchildren are often under financial stress but – without legal custody – tend to get little formal support. Importantly, Social S...
“The average millionaire has 7 streams of income.” Let’s face it, we’ve all heard this quote a million times. And, while I believe this is well-intentioned advice, it’s n...
Last week we discussed how to understand your monthly budget, your cash flow, and how to automate your savings. We started out with what is usually considered to be the most boring part of managing yo...
You’ve worked hard for your money, and now you’re ready to flip the script. How would you like your money ... Read more...
During the working and saving years, there are various rules of thumb about how to apportion earned income. For example, there is a 50/30/20 rule that breaks things up into percentages of Needs, Wants...
If you're in a high tax bracket now and expect to remain in a high tax bracket after retirement, should you prioritize pre-tax retirement accounts or Roth retirement accounts for individuals? James an...
If you're in a high tax bracket now and expect to remain in a high tax bracket after retirement, should you prioritize pre-tax retirement accounts or Roth retirement accounts for individuals? James an...
There are many instances where you may be in a position to either make or receive a lump-sum payment. Often, you are given the option to choose a lump sum over another payment method. But what exactly...
I was recently interviewed by Jonathan DeYoe on the Mindful Money Podcast. He closed the interview by asking me, “What was the last thing you’ve changed your mind about?” After my re...
Every year for 24 years straight, the number of people receiving federal disability benefits increased, nearly tripling to around 9 million. In 2015, that trend suddenly reversed. The reversal is due ...
Retirement life with $1 million in savings could look pretty good, depending on how a number of factors play out....
First a bit of backstory. I’m still five years away from retiring. I set my goal at 65, and with an IRA and 401k currently sitting at 700k, I feel comfortable with my five year plan. Especially ...
Why does Becca in Florida’s advisor "poo-poo" her strategy for funding 529 plans for education? Keith, commenting on Spotify, wants to know about reimbursing yourself from a 529 plan for the sch...
This is Part 2 of a 3 part post. If you missed part 1 last week, check it out here. Can money buy happiness? It’s a great question! And it’s complicated… Investing Versus Spending I...
Hi everyone! What day is it? It’s reader case day! Today’s reader case has been dealt a bad hand health-wise, and can no longer work. A bad situation, to be sure, but can mathing shit up g...
Do you have a traditional IRA or 401K? Have you considered converting your retirement accounts into a Roth, but aren’t clear about the advantages? Outlined below are the most important benefits ...