I just started a new job after being unemployed for a year. Is there any reason I shouldn’t put 50% of my salary in my 401(k) now to help catch up?
Justin has been unemployed for the past year, but now that he’s working again, he’s unsure how to catch up on retirement savings. Luckily, Justin was unemployed by choice — he helped his aging parents relocate, traveled, and pursued a personal passion project. He was able to afford to break because he had previously earned […]
Arizona woman seeks Dave Ramsey’s advice after friend, 92, names her in her will — over an estranged daughter. Ramsey says to take it on 1 condition
When Kathy, a longtime Arizona health-care worker, befriended one of her elderly patients more than two decades ago, she never imagined their friendship would lead to a moral and legal quandary over an inheritance. Now her 92-year-old friend — a widow with an adult son and daughter — has revised her will to leave everything […]
Here are 5 smart things wealthy baby boomers do with their money that basically guarantees them a comfy lifestyle — are you following in their footsteps?
This article adheres to strict editorial standards. Some or all links may be monetized. We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. Legendary actress Bette Davis famously said, “Getting old ain’t for sissies.” And neither is saving […]
If you want to help your kids bypass probate when you die, here are 5 assets to avoid putting in a living trust
This article adheres to strict editorial standards. Some or all links may be monetized. If you will, allow us to present the hypothetical case of Pete Moneywise, a married, 78-year-old father of three who wants to get his financial affairs in order before his passing. Though he exists only in the confines of this article, […]
Oregon woman, 25, says her boyfriend has been out of work for 3 months — here’s why The Ramsey Show says that should ‘scare the crap’ out of her
Noelle, 25, from Oregon reached out to The Ramsey Show seeking financial advice regarding her live-in boyfriend who lost his job three months prior and doesn’t seem to have many prospects. (1) She makes nearly $90,000 a year in digital marketing and is working on her MBA. When they moved in together, he was earning […]
Skip university and retire with $4 million: Viral TikTok pitches an aggressive saving plan for teens to end up rich — but is it realistic?
A viral TikTok video from real estate agent and content creator Freddie Smith is making a bold promise: Follow his five-year plan starting in your teens, and you could retire with $4 to $5 million in the bank — all without going to college (1). The plan is built around one key principle: Save and […]
Most Canadians aren’t ready for the $1 trillion wealth transfer
As Canada’s population ages, a massive wealth transfer is looming — one experts say many households aren’t ready for. The Great Wealth Transfer, which predicts a staggering $1-trillion reallocation of wealth, has raised concerns about Canadians’ preparedness for what will happen to their estate once they pass away. This concern is not without merit. According […]
Designer Giorgio Armani’s ultra-specific will shocked the fashion world — here’s how to make sure your final wishes don’t surprise your loved ones
Iconic Italian fashion designer Giorgio Armani kept tight control of the brand he founded 50 years ago. He never took the company public and remained the sole major shareholder until his death on Sept. 4 at the age of 91. Some parts of his will were run-of-the-mill: Pantaleo Dell’Orco, Armani’s life partner of five decades, […]
I’m 55, plan to retire in the next decade, but have nothing saved and $10K in debt — can I start saving now and still retire comfortably?
Imagine being 55 with no retirement savings and $10,000 in debt. That’s obviously not a very comfortable place to be, especially if you want to retire at a reasonable age. Unfortunately, this is exactly the spot that Gaby finds herself in. Gaby is 55 years old and has worked her whole life, but has just […]
Young Americans with bad credit are taking this 1 step to boost their scores by up to 60 points — here’s how to know if it’s the right move
Tenants have to pay their rent on time every month — and it’s long been a pain that this record of financial responsibility has historically rarely counted toward building credit. However, that’s changing. More and more renters are turning their monthly payments into a credit-building tool. A new TransUnion survey found that 13% of consumers […]