I’m 41 and on track to have a $6M nest egg by 55 — even if I stopped saving for retirement today. How do you know when it’s safe to stop saving?
Forty-one-year-old Janice has spent years diligently saving and investing, and by 55, her portfolio is expected to be worth a whopping $6 million. That’s enough to last her four decades if she follows the classic 4% rule and withdraws $240,000 a year. Janice’s portfolio is balanced, with a mix of stocks and bonds yielding roughly […]
Kevin O’Leary issues blunt reality check to potential US homebuyers — warns 3.5% mortgage is dead. How to ‘get on with life’ without your dream home
This article adheres to strict editorial standards. Some or all links may be monetized. Soaring home prices have been a pressing issue in America — and elevated mortgage rates only add to the strain. With the Federal Reserve’s recent rate cut, many homebuyers might expect borrowing costs to ease. Not so fast, says “Shark Tank” […]
48% of US parents expect school lunches to take an even bigger bite out of their budgets this year — plus why prices have become so hard to swallow
Back to school means back-to-school shopping. New clothes, backpacks, school supplies — it all adds up, and can take a bite out of your budget. But something you might not be planning for could end up costing more than it has in the past: your child’s lunch. A recent Deloitte survey of 1,200 American parents […]
Gates, Buffett ‘Giving Pledge’ buy-in from world’s richest families has plummeted — even as their wealth grows to trillions. Is philanthropy dead?
In 2010, Bill Gates, Melinda French Gates, and Warren Buffett launched a bold initiative: they promised to donate the majority of their wealth to philanthropy. They invited other billionaires to do the same. The effort, known as The Giving Pledge, quickly attracted 40 of America’s wealthiest individuals and families, including names like Michael Bloomberg and […]
California homeowner blames PG&E worker for starting potentially costly fire — and it’s not the first time the utility has caused a firestorm
Andres Montoya built a peaceful life on his five-acre property in San Martin, complete with horses, chickens, goats and the kind of rural calm you can’t put a price on. But that peace nearly went up in smoke after a fire broke out on his family’s property. Must Read Thanks to Jeff Bezos, you can […]
My income hasn’t increased with inflation — but the prices at my wholesale retailer have. Are minimal savings still worth my membership fee?
Membership at a place like Costco or Sam’s Club can help you stock your kitchen pantry for less, but what if the prices at your warehouse club store keep rising while your paycheck stays the same? The fact is, no retailer is immune to Inflation, not even a warehouse club. And inflation is definitely up. […]
Yes — US banks can close your account without warning. And some reasons will surprise you. What would you do if you had zero access to your money?
You might assume you “own” your bank account — after all, it holds your hard-earned money. But in reality, you have a relationship with the bank, and that relationship can be ended — sometimes without warning. CBS News Philadelphia reported that U.S. banks can close checking, savings, or credit card accounts without prior notice. According […]
Here are 3 surprising stats that will make you want to retire as early as possible — are you waiting too long?
This article adheres to strict editorial standards. Some or all links may be monetized. For many, retiring early is a dream. Roughly 59% of American adults surveyed by YouGov in 2024 [1] said they would like to retire before the age of 65. But if you’re part of the 41% who are still considering a […]
Only 21% of Americans know their ‘full retirement benefits’ age — but a new bill in Congress could finally clear up the confusion. Do you know yours?
Almost 58 million Americans age 65 and older receive benefits from Social Security. (1) And with data from Vanguard putting the median 401(k) balance hovering around $95,000, Social Security is the main source of income for millions of older Americans. (2) That’s why understanding exactly when you qualify for your full benefit is crucial. Yet, […]
I’m 40, getting divorced and need $90K to buy out the house for me and the kids. I have $20K in savings — do I borrow the rest or tap into my 401(k)?
Divorce often forces tough financial decisions. For 40-year-old Mel, that decision boils down to whether to withdraw money from her retirement account or take on new debt to keep the family home. Must Read Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don’t have […]