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Your net worth will ‘go crazy’ once you pass this money milestone — even Charlie Munger said you can ‘ease off the gas’ once you get there. Here’s the magic number and how to hit it
Discover the millionaire club’s gateway for young Americans through the power of compounding. Learn the pivotal role of the first $100,000 from financial experts like Mark Tilbury and Charlie Munger—explore…
Read More‘It’s costing American workers real money’: Only 10% say they will wait until 70 to claim the maximum Social Security benefit — here are 5 reasons to wait
While retirement experts advocate waiting until age 70 to initiate Social Security benefits, a mere 10% of non-retired workers plan to heed this advice, as revealed by the Schroders 2023…
Read MoreWhat taxes are due on a Roth IRA conversion?
Retirement account do-overs are a rarity, but transitioning from a traditional IRA to a Roth IRA is feasible. Be mindful of taxes, as the allure of tax-free withdrawals in retirement…
Read MoreA Psychiatrist Tried to Quit Gambling. Betting Apps Kept Her Hooked.
Kavita Fischer’s fortune took a surprising turn when a $750 investment led to a remarkable $500,000 winning streak in just six days last summer. Despite her background as a mental-health…
Read MoreHere are 5 dangerous Social Security myths that can ruin your retirement — are you falling prey to any of them?
Navigating the complexities of Social Security benefits is vital for securing financial well-being in retirement. According to personal finance guru Suze Orman, the key to retirement comfort lies in strategic…
Read MoreIs an Annuity Right for You? Here’s What You Should Know
The decision to incorporate an annuity into your retirement plan sparks varying opinions on its effectiveness. While some, including knowledgeable financial advisers, believe annuities can be crucial for shoring up…
Read MoreTrump Era Tax Cuts Are Expiring: 4 Ways Your Household Budget Will Take a Hit
Inflation’s financial strain is compounded by recent tax law changes, with both enacted and expired laws expected to raise taxes. The June 2023 Fiscal Responsibility Act establishes new spending limits,…
Read MoreHow the Social Security Bridge Strategy Works
Introducing a thoughtful exploration into the intricacies of Social Security collection. Delving into a specific strategy for determining when to take Social Security, it’s crucial to recognize that individual financial…
Read More‘Fraud is at a crisis level,’ says expert: 5 financial scams to watch out for in 2024
Advanced technology and artificial intelligence are heightening the challenge for consumers to detect scams. Fraud costs in the U.S. exceeded $7 billion in the first three quarters of 2023, up…
Read MoreThis Social Security Spousal Rule Is Officially Finished in 2024 — But These 3 Strategies Remain
A longstanding Social Security spousal rule concludes this year for most individuals, except those who turned 70 on Jan. 1, 2024. The rule, permitting recipients to switch between their benefits…
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