I just got laid off and our household income is now under $100K. How do I cover my daughter’s $33K tuition without raiding my retirement?
Losing a job can throw a wrench into anyone’s financial plans. Here’s a hypothetical, yet eminently relatable scenario that many Canadians may unfortunately face: Mark, 59, is excited that his daughter, Mary, recently entered her final year of her MBA. The fall semester was off to a great start, until Mark unexpectedly lost his job. […]
This Montana woman is distraught after discovering husband of 21 years didn’t pay his taxes — now the IRS is after them. What Dave Ramsey says to do
It’s one thing for a spouse to keep a minor secret from their partner — it’s another thing to hide an $82,000 tax bill. That’s the situation Alice in Montana found herself in when she wrote to The Ramsey Show. Her husband of 21 years failed to pay an $82,000 tax bill from 2021. Now, […]
Here’s where you should live in America if you want to be filthy rich, says billionaire — and it’s not NYC or Miami. Would you move there?
For someone in their 20s, the American Dream may seem increasingly distant. But young people have a clear advantage: mobility. Unencumbered by a mortgage or dependents, you can move to anywhere in the country to chase the best opportunities. And according to tech investor Chamath Palihapitiya, the “most obvious” destination for ambitious young people is […]
Zappos founder’s family left shocked after mysterious will appears, naming surprise heirs to his $500M estate — how to avoid blindsiding your kin
A mysterious will mailed to a Las Vegas courthouse has thrown the future of a late visionary’s $500-million estate into chaos — and no one seems to know where it came from. It may sound like the plot for a blockbuster movie, but it’s the real-life legacy of late Zappos founder Tony Hsieh. Must Read […]
Retired at 67 and ready for life’s next adventure — but my husband won’t join me in chasing our dreams. What do I do?
When sharing a retirement together, there should be room for both personal and joint dreams. Eleanor, a 67-year-old new retiree, has jumped into her golden years with vigour. She has set her sights on specific goals, including a bucket list trip to South Africa, running a half marathon and writing a novel with the help […]
A whopping 62% of retired Americans have no clue how long their nest egg will last. And this 1 reason is the main cause for concern
This article adheres to strict editorial standards. Some or all links may be monetized. Between retirement savings and Social Security income, do you know how long your nest egg will last? According to a new survey (1) commissioned by asset management firm Schroders, 62% of retired Americans don’t know how long their savings will last. […]
Car repossessions are expected to hit 3 million this year, their highest rate since the 2009 recession. Is it a sign the economy is in trouble?
More Americans are struggling to keep up with their car payments. Auto loan delinquencies have risen above pre-pandemic levels after hitting record lows during COVID — and more borrowers are now facing defaults and repossessions. A recent report from the Recovery Database Network (RDN), says more than 2.5 million cars were repossessed last year, and […]
Following Peter Lynch’s investment advice: I started with just $10 and grew a habit and my nest egg
“Invest in what you know.” That timeless advice from legendary Fidelity Magellan Fund manager Peter Lynch has inspired millions of investors — including me. For years, I believed investing meant needing thousands of dollars, complex spreadsheets, and nerves of steel. But then I discovered that you can start small, focus on great businesses, and build […]
Here’s why you should seriously think about taking Social Security at 62. Even if the ‘basic’ math says something else
This article adheres to strict editorial standards. Some or all links may be monetized. If you’ve spent any time planning for retirement, you probably know the basics of Social Security. Most people can start claiming benefits at age 62, reaching full retirement age (FRA) between 66 and 67 depending on their birth year, and can […]
I have $12K in my checking account and was told by my bank that’s too much. How you can use that cash stash to build wealth and secure your finances
This article adheres to strict editorial standards. Some or all links may be monetized. You’ve been stashing some extra cash in your checking account, but you now have about $12,000 saved up. You want that cash to be easily accessible for groceries, bills, and unexpected expenses. But a representative from your bank tells you that […]