Mistakes

Inherited an IRA? Avoid These Common Mistakes That Can Cost You

Don't get hit with a big tax bill thanks to an inherited IRA. Learn the rules and save....

Best Financial and Retirement Articles from 2024

Top retirement articles covered Roth mistakes, wealth, average net worth, decision-making, rules, and more related to achieving a secure future. The post Best Financial and Retirement Articles from 20...

Biggest Financial Mistakes Doctors Make

When doctors don't talk about money, they end up making the same dumb mistakes. Stop the cycle and learn from others. The post Biggest Financial Mistakes Doctors Make appeared first on The White Coat ...

The 3 Tax Mistakes That Could Cost You Thousands

Hey FAANG FIRE! I just returned from 7 days in Oahu, Hawaii. All contributing towards my goal of increasing spend on vacation that I mentioned in my last post where I outlined my current spending. We ...

Required Minimum Distribution (RMD) Tax Mistakes to Avoid

RMD mistakes can lead to IRS penalties and in some cases, more taxable income than necessary....

Buying an Annuity? Avoid These Three Classic Mistakes

Annuities can be a sensible option for retirement, offering steady income in your later years. But these common traps can damage your investment....

26 Costly Mistakes First-Time Homebuyers Regret (And How to Avoid Them)

Buying your first home is an exciting journey filled with big dreams and new possibilities. It’s a major step towards building your future and creating a space that truly feels like your own. Bu...

Don't Make These Big Mistakes When Claiming Your Social Security Benefits

New survey reveals that many people don't’ know their full retirement age, aren’t sure the age they are or were eligible for full retirement benefits or take benefits too early....

7 Retirement Planning Mistakes To Avoid

Avoid these common retirement planning mistakes to ensure financial security and a fulfilling retirement. Learn strategies to avoid costly errors in your 50s and beyond....

7 Common Retirement Spending Mistakes To Avoid

There’s a lot to consider when building a retirement income portfolio and avoiding common spending mistakes. Take the time to do the job right!...

How You Could Avoid 5 IRA & 401K Mistakes

How much money have you saved in your IRA or 401K? Making contributions to one of these tax-deferred retirement accounts is easy. But withdrawing this money in retirement… gets complicated.&hel...

Seven 401(k) Mistakes That Could Tank Your Retirement

401(k) mistakes like cashing out early and not taking advantage of an employer match can upend your retirement....

Four Social Security Myths Debunked

With so many headlines surrounding Social Security these days, what is fact and what is fiction? For instance, will the program really run out of money?...

Three Major Estate Plan Mistakes to Avoid

A complete and up-to-date estate plan can help ease your loved ones' worries and make things easier for them after you pass....

14 Myths About Becoming a Millionaire (Including that It Isn’t Too Late Even After Retirement)

For many, becoming a millionaire is a desirable (and useful) milestone. Here are 14 myths about millionaires and some tips for how to become one at any age. The post 14 Myths About Becoming a Milliona...

Most Common Retiree Regrets

Every one of us can recall mistakes or regrets we have experienced at various stages of our lives. For me, ... Read more...

Debunking 6 Social Security Retirement Myths

Get the facts on how the Social Security program works for retirees....

Pension Mistakes Can Last a Lifetime: How to Avoid Them

Which pension option is right for you? To avoid costly mistakes, here are four key factors to consider....

We're Only Human, Which Can Be a Problem for Investors

To avoid making common financial mistakes, investors must understand how human nature can lead them astray. The funny thing is human help can be the answer....

Five Early Retirement Mistakes to Avoid

These early retirement mistakes can douse your FIRE (Financial Independence, Retire Early) efforts....

The Top Mistakes People Make with Their 401(k)s and How to Avoid Them

As a Chartered Financial Analyst (CFA) with over 20 years of experience in finance, including managing Investment Risk and Investment Product Teams, I’ve seen countless individuals make costly m...

Avoid this common retirement blunder

Your clients have worked long and hard their entire adult lives to secure a comfortable retirement, so make certain they don't make one of the most common mistakes as they contemplate their options....

How to Avoid These 6 Costly Roth Conversion Mistakes

Roth conversions can be an effective strategy for creating tax-free income in retirement. But Roth conversions can also get complex, and if you’re not careful it’s easy to make mistakes th...

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....

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...

Tread Carefully With COBRA, A Snakepit Of Problems

One of the biggest mistakes someone about to go on Medicare can make involves COBRA - the Consolidated Omnibus Budget Reconciliation Act....

Four Money Mistakes Even Good Grandparents Make With Grandkids

Of course you want to spoil your grandchildren. Who doesn't? You can do it in ways that won't teach them bad habits or set unrealistic expectations, though....

Will You Make The Same Mistakes About Aging That Your Parents Did?

Aging well is not simply a matter of luck. We do have solid research that tells us how we can make our last decades better and healthier. That takes work....

Finance Expert (With 820+ Credit Score) Debunks Credit Card Myths

In today’s fast-paced world, understanding credit cards is crucial. Credit cards often come with misconceptions. For budget-conscious families, debunking these myths is essential. I’m goin...

5 financial mistakes to avoid in retirement

You work hard to save for your retirement. To help you enjoy it and live more comfortably, here are suggestions to stay on track....

New Retirees: Avoid Costly Medicare Sign-up Mistakes

To retire is to enter the unknown. Rick Fine has demystified one aspect of retirement: Medicare. As the director of financial planning for an advisory and investment firm, he has put together a list o...

3 Mistakes Beneficiaries Must Avoid When Inheriting An IRA

The new rules apply to IRA beneficiaries who received an inheritance in 2020 or later. Tax planning can help minimize the taxes you owe on your inheritance....

401(k) Rollover Mistakes to Avoid

Whether you’ve lost your job or plan on changing jobs in the near future, there are common 401(k) rollover mistakes you need to be aware of. Ignore these, and a rollover could take a chunk out o...

Top 11 Financial Mistakes That I Have Made

In a refreshingly candid reflection, the Prudent Plastic Surgeon discusses his financial journey, highlighting both the missteps and the incremental ... Read more...

Five Mistakes High-Net-Worth Individuals Make in Retirement

Just because wealthier people have a lot of money doesn’t mean they don’t make mistakes. Here are five common ones that this financial adviser sees....

Steer Clear Of Medicare Misinformation And Avoid Costly Mistakes

Medicare misinformation is widespread. And, if that information turns out to be wrong, the repercussions can be serious....

9 Money Mistakes Couples Make and How to Avoid Them

Managing finances and money matters as a couple can be challenging. In fact, dealing with money effectively is a factor ... Read more...