Curated articles and podcasts from trusted financial experts and real retirees.
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The intergenerational-conflict myth is weaponized to cut Social Security and Medicare and make people work longer. The intergenerational – conflict myth intones that politicians who cut spending...
When is the best time to buy a house? As a real estate investor for over 20 years, I have bought houses through many cycles. I bought houses when interest rates were in the 7s in the early 2000s. I bo...
I’m a seasoned real estate veteran with over 20 years of experience and a Chartered Financial Analyst (CFA). Throughout my career, I’ve always found assumable mortgages intriguing, yet the...
Real estate is a wonderful investment for many reasons. One of the best reasons is leverage and the ability to buy with no money down. You can buy as asset with other people’s money and have oth...
So many people assume they need a real estate agent. But have you ever thought, “Do I need a real estate agent to buy a house?” The short answer to that question is “no.” While...
Should you hire a rental property management company to manage your rental house? No, in most cases you did not need to. When I started buying houses in my early 20s, I was adamant that my real estate...
This was originally written in Sept 2021, it has since been updated as we’ve learned and experienced more. The main thing we’ve learned as our kids have aged? The strategies in this post w...
You’re a new landlord, or thinking about becoming one. How do you maintain a rental property? Look, I am not handy. Even if I was handy, fixing things was not part of my business model. I was co...
Welcome to Dad is Fire. Usually, the about me section of a blog is to tell you who I am and to talk about myself. This blog isn’t so much about who I am, as it is what I am. So what am I? I am s...
You’ve decided you want to be a landlord. Great! Now, how do you decide what rent to charge? Determine market value The easiest way to determine what rent to charge is to observe the market. Loo...
I am a married, retired man. Our gym has exercise classes. Yoga. Zumba. Aerobics, stretching, etc. At my senior center the vast majority of attendees are women. Most of them seem reluctant to talk to ...
Please teach your kid personal finance. The school system barely does. I have not dissected anything since high school. I have not used calculus. Trigonometry and Geometry have added no value to anyth...
As we approach retirement, we often find ourselves immersed in a sea of financial considerations, pondering our savings, Social Security ... Read more...
Retirement is a fuzzy line these days. It seems increasingly rare for older people to cross the threshold from career worker to retiree on a single day and remain retired indefinitely. My Dad did that...
America’s retirement system is failing, reveals the new Fed Survey of Consumer Finances. Americans aged 55-64 have just $185k in their retirement accounts....
High interest rates and a wobbly stock market continued to fuel the Great Annuity Boom this past summer....
In December, North Carolina will become the 40th state to expand its Medicaid program, providing health insurance coverage to some 300,000 more low-income workers, many of them for the first time. It ...
By Dr. Peter Kim of Passive Income MD, WCI Network Partner Have you ever found yourself stuck in analysis paralysis? That feeling of being trapped in your own head, overthinking and over-analyzing thi...
It looks like Ford employees won't get pensions as part of the UAW agreement. But there's a good business case for a pensions....
America’s retirement system is failing, reveals the new Fed Survey of Consumer Finances. Americans aged 55-64 have just $185,000 in their retirement accounts....
With money market interest rates so high, every day you delay closing escrow is one more day of free interest income. You could feasibly extend your escrow period so long that the extra interest incom...
I am 59 years old. I'm still working full time as an accountant- currently working from home 3x a week. I make a decent salary. My husband is 70 and is retired. His age is a major consideration in my ...
Retiring six weeks from now after 40 years of the 'same old same old'. I will be 66 early next year. Hopefully I'll have enough credits to survive late-stage capitalism in relative comfort until my de...
Hello r/retirement, I am 65+ with a non-working spouse of 57 years and have the following assets: 401k +HSA + Taxable: $1.9 mil Wife's TIRA: $150K My Roth IRA: $56K Non-401k Retirement from a prev. Un...
If you’re a beginner freelancer, check out: Contra Pangea Fiverr Upwork Freelancer LinkedIn FlexJobs RemoTasks Contra Contra is a smaller freelance platform, but it packs a punch. The opportunit...
Not sure this is an option, but I have an active 401k with my employer and I was thinking about having it managed. Has anyone converted an active 401k to an IRA and had it managed? My returns have bee...
It might be time to retire from my current job. I'm having trouble concentrating and learning new things, and I need to learn as my role has changed. I feel disconnected and not at all interested in w...
I’ve been doing an analysis of whether to take social security early (before 67) or not, and I wonder whether I am doing the math properly. If I compare taking SS at (a) age 62 versus 67, and al...
Some elders like to enter sweepstakes, hoping for a big win. They can be tricked into buying things or gettng their ID stolen when they enter such contests. Be aware....
Have you ever said “If I'd only know . . . I would have never done that!” If so, don't beat yourself up too much because you sometimes simply don't know what you don't know. On this episod...
I posted this in r/healthcare and didn't get any responses. Maybe someone here can answer? I am retired to there is that :-) I appreciate anyone who answers. I think I understand how this works, but w...
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....