US boomers are using 2 top secret strategies to spend more in retirement — and it’s earning them fat monthly cash flow while nest eggs stay protected. Are you still using the ‘old’ 4% rule?
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. For decades, people planning for retirement have relied on the guideline that retirees should withdraw 4% of their investment portfolio every year in retirement, with the option to make […]
I’m 59 and inching closer to retirement — but after a nasty divorce, I’ve been left with basically zero savings. What 3 things can I do ASAP to cobble together a comfortable nest egg?
Jamie, 59, is inching closer to retirement, but after going through a nasty divorce, his emergency fund and savings have been wiped out. He still has a 401(k), a pension and some investments, but his divorce will impact the value of those assets. Without additional savings to supplement those assets — which will be divided […]
My wife and I are well off but we told our daughter, 21, we couldn’t afford to pay for her college — now she’s graduated with $90K in student loans and a chip on her shoulder. What now?
Picture this: James and his wife Nola, both 62, have done well in life, earning a combined income that gives them an upper-class lifestyle. But, when their daughter Tia went to college, they told her they couldn’t afford to pay her way. Most of their money is tied up in investments and employer-sponsored retirement plans, […]
How can I become a millionaire on a low income? With these 4 steps it might be easier than you think
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. It’s easy to assume that wealth and income are deeply intertwined. After all, how does anyone become wealthy without a lifetime of earning a six-figure salary? But data gathered […]
Notorious Boston ‘professional tenants’ face 50-plus charges in rental fraud case — after allegedly running a 20-year scam, swindling dozens of local landlords out of $100K
Russell and Linda Callahan have bounced around from rental to rental over the past two decades. But it’s not because they keep switching jobs or moving for work, it’s because they could only get away with not paying rent for so long at each place. As NBC 10 Boston reported, the couple was recently indicted […]
‘It might not be ideal’: This 60-year-old woman still dreams of owning her own home one day — but she only makes $2,800/month. Here’s what The Ramsey Show hosts told her to do ASAP
She’s debt-free, has some savings and no major expenses. But at 60, Andrea still isn’t sure she can buy a home or retire — and she called into The Ramsey Show to ask if it’s even possible. “I want to own a home and retire one day,” the Phoenix, Arizona resident told co-hosts George Kamel […]
North Carolina residents called the cops over noise at a nearby mansion — but instead of the owners, police found the ‘lawn guy’ hosting a party. And he insists he ‘didn’t break the law’
A massive party at a $4.3 million mansion in Weddington, North Carolina — allegedly held without the owner’s permission — landed one man in jail. WSOC-TV reports that 37-year-old Michael Brown broke into a client’s home and held a graduation party for his son while the owners were away. Brown was charged with breaking and […]
My dad, 61, just lost his job — and he accounted for 70% of my parents’ income. He’s worried no one will hire him at his age and my mom can’t manage taking on any more work. What do they do?
Losing a job can be a huge blow at any age. But when you’re in your 60s, it can be an even harder struggle. Although it’s illegal for employers to discriminate against job candidates based on age, it happens frequently and it’s hard to prove if it happens to you. AARP reports that 74% of […]
‘Do we have to die? Fix the road’: Phoenix family turns to drastic measures to get help after 18 cars have crashed into their home — they say it’s just a matter of time before someone dies
When a single vehicle crashed into their home, homeowners Melissa and Ryan Langhor were shaken up. But now, after 18 crashes and counting, the Phoenix couple is calling for changes to protect their home from future incidents. They live near the corner of West Northwest Ranch Parkway and 163rd Lane, where drivers face a near-90-degree […]
Oakland residents flocking to homesteading amid the high cost of living and fears over political unrest — but does this type of self-sufficiency really make financial sense?
The corner of 28th Street and Martin Luther King Jr. Way in Oakland isn’t where you’d expect to find fruit trees or beehives. Yet nestled between the historic apartments and storefronts, the intersection is now host to a compact urban homestead. Novella Carpenter transformed part of the property into a garden with pomegranate and almond […]