Donald Trump’s plan to end taxes on Social Security will benefit this 1 group of Americans the most, report finds — are you part of it?
This article adheres to strict editorial standards. Some or all links may be monetized. Social Security is a key income source for millions of retired Americans. Social Security benefits are taxed at the federal level, and the thresholds at which taxes on benefits apply are very low. Benefits are taxed for seniors whose combined income […]
How much savings do I need to spend $12,000/month in retirement? A lot more than you probably think
For many Canadians, retirement isn’t just about getting by — it’s about living comfortably and maintaining a middle-class lifestyle. Earning $12,000 a month — or $144,000 a year — in passive income, for instance, could make that possible, covering everyday expenses while still allowing for travel, dining out and other luxuries. But reaching that level […]
Here’s the new ‘0.01% rule’ this money expert swears by to encourage Americans to indulge in more guilt-free spending — would it work for you?
If you agonize over every purchase — whether it’s organic strawberries or a trip to Paris — the 0.01% rule might help put things in perspective. Essentially, the rule states that it’s safe to spend 0.01% of your net worth on a splurge without wrecking your budget. Must Read Thanks to Jeff Bezos, you can […]
These Texas friends travelled around the world in 80 days — in their 80s. Most retirees can’t swing that. How to plan and pay for travel in later life
Eleanor Hamby and Dr. Sandra Hazelip are two widows proudly boasting of their epic trip after circumnavigating the globe in 80 days. They should be proud. Even Phileas Fogg, fictional hero of Around the World in 80 Days, couldn’t claim an equal achievement. He was 40. These women are in their 80s. Must Read Thanks […]
Millions of Facebook users will soon get a slice of the platform’s $725M privacy settlement — but it comes with a big catch. What you need to know
Did you file a claim in Facebook’s $725-million privacy settlement? If you did, your payout may finally be on the way. According to CBS News, payments started going out in September and will continue over a 10-week period [1]. Must Read Thanks to Jeff Bezos, you can now become a landlord for as little as […]
NC man upset after wife spent almost their whole $1K emergency fund throwing a baby shower — Dave Ramsey says tackle it before it costs him everything
Herman from North Carolina called The Ramsey Show worried after his wife wiped out most of the $1,000 they’d saved for an emergency fund in order to throw a baby shower for his brother. He said she’s always been a spender and can’t seem to commit to their shared future — and financial stability. “I […]
‘Please don’t do this’: Salt Lake City couple’s idea of renting-to-own so they can ‘unlock’ homeownership gets pooh-poohed by Dave Ramsey — here’s why
Danielle, 23, and her husband, 24, from Salt Lake City have applied for a state-sponsored rent-to-own program. Rent-to-own programs allow tenants to rent a home with the option to buy it later. They’re often seen as an alternative path to homeownership for people who can’t afford a down payment or don’t qualify for a traditional […]
I’m 61 and scared that I’ll run out of money in retirement. What can I do to make my $750K nest egg last?
One of the biggest questions about retirement is figuring out how much you’ll need to live on. There is no one-size-fits-all number, since debts, health, hobbies, aspirations and spending habits are different for everyone. Then there’s age, a big factor that’s overlooked, mainly because we have little control over it. Some people don’t make it […]
Americans are paying up to $10K to install home saunas — but are luxury buyers heating up their home’s value or just sweating away their savings?
For wealthy American homeowners, the latest luxury status symbol isn’t a wine cellar or infinity pool — it’s a private sauna hidden inside the home. As this heats up in markets, real estate agents in certain high-end markets are seeing saunas become deal-breakers for wellness-focused buyers. (1) The popularity of saunas has long been associated […]
Older Americans may be leaving money on the table by taking Social Security early — here’s the one factor most overlook about deciding when to claim
You’ve worked hard, paid into Social Security for decades and can almost taste the freedom of retirement. But one decision — when to claim your benefits — could mean the difference between traveling with your grandkids or tightening your belt for the rest of your life. All that considered, claiming Social Security too early can […]