Bill Bengen has updated his 4% retirement rule — here’s what to consider before adjusting your spending
It seems the 4% rule is now the 4.7% rule. In the early 90s, financial planner William Bengen was looking for a simple solution to help clients understand how much they could spend each year in retirement before running out of money. He came up with the 4% rule and published his findings in the […]
Wealthy widow, 63, wants to combine finances with her long-distance fiance, but he has $180K in medical debt — what The Ramsey Show says to do ASAP
Erin is a 63-year-old widow who just got engaged to her high school crush after reconnecting on Facebook — and she’s wondering if it makes sense to combine her finances with her soon-to-be husband. Erin, who lives in Washington D.C., is also planning to sell her house and move back to the Midwest, where she […]
Las Vegas workers who might benefit from Trump’s ‘no tax on tips’ policy are missing out as fewer non-Americans come to town — thanks in part to Trump
Tourism in Las Vegas is down since last year — and tip-dependent workers, like bartenders and dealers who rely heavily on tourist traffic, are especially vulnerable, even with Trump’s ‘no tax on tips’ policy. The Wall Street Journal reports that tip incomes in Las Vegas are shrinking across the board. While tip tax exemptions might […]
My wife and I want to retire to Colorado to be closer to our daughter — how can we be sure a big move won’t cast a chill over our golden years?
Devon and Lainie are a married couple in their 60s and getting ready to retire. While they’ve lived in Arizona their entire lives, they’re considering a move to another city to enjoy their golden years. The couple’s daughter and Lainie’s best friend both live in Colorado, and they’d like to be closer to them — […]
Boomers are the wealthiest generation yet, but millennials are catching up — here are 7 boomer money habits their kids just don’t get (and what they do instead)
Boomers have amassed a lot of wealth over the years — indeed, about half of total household wealth in Canada is held by boomers, with an average net worth of almost $1.2 million, according to Statistics Canada. So why doesn’t their financial advice make sense to millennials? Boomers (those born between 1946 and 1964) are […]
Nearly 1.5M cars are being recalled after faulty rear view cameras were linked to 18 crashes and 44,123 warranty claims — is your vehicle 1 of them?
Ford and Lincoln are recalling about 1.5 million vehicles because of a manufacturing error in its backup camera that could lead to blank, distorted, or upside-down images. As a result, there have been 18 crashes, 195 owner complaints, and 44,123 warranty claims, but no injuries related to the issue, according to documents provided by Ford […]
Homebuyers experiencing ‘economic nausea’ are pulling out of deals at a record rate — why so many ‘queasy’ buyers are suddenly canceling contracts
Homebuyers in America seem to be getting cold feet. In July, 15.3% of home-purchase agreements fell through across the U.S. That works out to about 58,000 agreements — the highest cancellation rate for July on record [1]. That’s according to data from real estate platform Redfin, which blames high homebuying costs for making buyers “skittish.” […]
Electricity prices have surged 6% since 2024 — and are expected to keep rising. How to avoid burning through your nest egg to keep warm in retirement
Americans of all income levels don’t need a Consumer Price Index (CPI) number to tell them that prices are continuing to rise, and at an increasing rate. They see it every day. The bottom 60% of American earners can’t achieve a “minimal quality of life” that offers “opportunity, dignity and the ability to pursue one’s […]
Trump’s new law set for next year will leave you paying taxes on gambling losses — here’s why lawmakers are fighting it, saying it would be a mistake
Rolling the dice just got a whole lot riskier under President Donald Trump’s One Big Beautiful Bill. A few short lines in the 940-page bill could have an oversized impact on the gambling and sports betting industry. The bill, which was signed into law in July, goes into effect next year. Must Read Thanks to […]
EV sales surged 17.7% in August as Americans raced to buy before a popular tax credit expired — how to still snag a deal if you missed the deadline
For anyone who’s planning on buying an electric vehicle in the near future, we’ve got some good news and some bad news to share. Let’s start with the bad news: the federal EV tax credit — which offered $7,500 to those who purchased a new EV and $4,000 to those who purchased a used model […]