#financial-advice

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#retirement-planning

Should You Pull Money From Your 401(k) to Pay Off Your Mortgage? Dave Ramsey Weighs In With His Take

Owning a house outright is a common homeowner goal, but accessing retirement funds for this comes with significant hidden risks.

I'm 70 years old with nothing saved for retirement and only $25k in the bank - what should I do?

Many Americans in retirement struggle with financial stability despite Social Security.
Debt reduction strategies are crucial for older adults to improve their financial status.

I'm almost 40 with just $68,000 in my 401(k) - should I panic?

It's common for Millennials to feel behind on retirement savings, but there's time to recover and improve financial situations.

If you're in your 40s and haven't started saving for retirement - this is what you need to save

Starting retirement savings in your 40s offers a chance to harness compound interest and achieve financial goals.

The 401(k) Blunder That Could Torpedo Your Retirement

Consider reducing stock exposure when approaching retirement to mitigate risks.
Diversifying investments with bonds and cash can protect against market volatility.
Monitoring your 401(k) balance and worrying about its performance may signal overexposure to stocks.

Stock Market Today: Nasdaq Composite and S&P 500 Fall While Applovin (APP) Plummets

Consider consulting financial experts to create a plan for early retirement.

Should You Pull Money From Your 401(k) to Pay Off Your Mortgage? Dave Ramsey Weighs In With His Take

Owning a house outright is a common homeowner goal, but accessing retirement funds for this comes with significant hidden risks.

I'm 70 years old with nothing saved for retirement and only $25k in the bank - what should I do?

Many Americans in retirement struggle with financial stability despite Social Security.
Debt reduction strategies are crucial for older adults to improve their financial status.

I'm almost 40 with just $68,000 in my 401(k) - should I panic?

It's common for Millennials to feel behind on retirement savings, but there's time to recover and improve financial situations.

If you're in your 40s and haven't started saving for retirement - this is what you need to save

Starting retirement savings in your 40s offers a chance to harness compound interest and achieve financial goals.

The 401(k) Blunder That Could Torpedo Your Retirement

Consider reducing stock exposure when approaching retirement to mitigate risks.
Diversifying investments with bonds and cash can protect against market volatility.
Monitoring your 401(k) balance and worrying about its performance may signal overexposure to stocks.

Stock Market Today: Nasdaq Composite and S&P 500 Fall While Applovin (APP) Plummets

Consider consulting financial experts to create a plan for early retirement.
moreretirement-planning
#personal-finance

These Are the 5 Rules Every Rich Person Uses to Make Money, According to Ramit Sethi

Learn from what rich people do, rather than idolizing them.
Key rules for wealth include knowing finances, automating money, and planning.

Americans Can't Stop Wasting Money on These Financial Traps

Minimize expenditures by avoiding depreciating assets, luxury brands, and impulse purchases to improve financial stability.

Suze Orman says this is "the biggest waste of money out there" - but 1 in 5 Americans do it anyway

Suze Orman believes leasing a car is a financial waste, advocating for ownership as the better financial choice.

I'm 33 With $2.5 Million Invested and Struggle To Spend My Money. How Do I Strike a Balance?

Finding a balance between saving and spending can enhance quality of life.

8 simple changes to cut 3,000 off your household bills this Christmas

Households can save approximately £2,827 annually by making simple changes to their spending habits.

I'm in my mid-30s and have banked millions - I want to buy a sports car but just can't justify the purchase

Renting can provide the thrill of luxury cars without the financial burden or emotional commitment.

These Are the 5 Rules Every Rich Person Uses to Make Money, According to Ramit Sethi

Learn from what rich people do, rather than idolizing them.
Key rules for wealth include knowing finances, automating money, and planning.

Americans Can't Stop Wasting Money on These Financial Traps

Minimize expenditures by avoiding depreciating assets, luxury brands, and impulse purchases to improve financial stability.

Suze Orman says this is "the biggest waste of money out there" - but 1 in 5 Americans do it anyway

Suze Orman believes leasing a car is a financial waste, advocating for ownership as the better financial choice.

I'm 33 With $2.5 Million Invested and Struggle To Spend My Money. How Do I Strike a Balance?

Finding a balance between saving and spending can enhance quality of life.

8 simple changes to cut 3,000 off your household bills this Christmas

Households can save approximately £2,827 annually by making simple changes to their spending habits.

I'm in my mid-30s and have banked millions - I want to buy a sports car but just can't justify the purchase

Renting can provide the thrill of luxury cars without the financial burden or emotional commitment.
morepersonal-finance

Nine million households urged to act now to avoid overpaying on energy bills

Timely meter readings before the energy price cap increase are crucial for UK households to avoid significant financial losses in January.

Own your trailer with a Lan Tilhenger - London Business News | Londonlovesbusiness.com

Taking out a loan for a trailer can be a necessary option for those unable to buy outright, but it requires careful consideration.

How VIN Decoder Saves You from Buying a Lemon

Using a VIN decoder can help prevent buying a problematic used car by revealing its complete history.
#savings

Lloyds, NatWest, Santander offering 200 payment to new and existing customers

High street banks are providing incentives to attract new customers during account switches.

I'm 30 and only make $35k a year - I should still contribute to a 401k even with such a low income?

Small contributions to a 401(k) can grow significantly over time due to compound growth, making them worthwhile even for those with limited income.

Lloyds, NatWest, Santander offering 200 payment to new and existing customers

High street banks are providing incentives to attract new customers during account switches.

I'm 30 and only make $35k a year - I should still contribute to a 401k even with such a low income?

Small contributions to a 401(k) can grow significantly over time due to compound growth, making them worthwhile even for those with limited income.
moresavings
#credit-cards

Always paying the minimum on my credit cards led to reduced limits and a score drop - how can I fix this?

Only making minimum payments on credit cards can lead to reduced credit limits and significant drops in credit scores.

I'm using my debit card to purchase everything but I'm being told it would be best to use a credit card for anything over $20 - is that true?

Using credit cards responsibly can enhance wealth-building through rewards and credit score improvements.

What credit card experts know, and what it means for you - Bankrate

Credit card companies are increasingly focusing on Gen Z to maximize customer lifetime value through targeted products and engagement strategies.

Always paying the minimum on my credit cards led to reduced limits and a score drop - how can I fix this?

Only making minimum payments on credit cards can lead to reduced credit limits and significant drops in credit scores.

I'm using my debit card to purchase everything but I'm being told it would be best to use a credit card for anything over $20 - is that true?

Using credit cards responsibly can enhance wealth-building through rewards and credit score improvements.

What credit card experts know, and what it means for you - Bankrate

Credit card companies are increasingly focusing on Gen Z to maximize customer lifetime value through targeted products and engagement strategies.
morecredit-cards
#family-dynamics

My Son Expects Me to Wreck My Nest Egg to Fix His Absurd Financial Mistakes

Financial habits can be inherited, often despite parental guidance.
Teaching fiscal responsibility doesn't always ensure children will follow those lessons.

I Want to Cut My Mother-in-Law Out of Our Lives Because of Her Very Offensive Lifestyle

The daughter-in-law's resentment is unfounded; the mother-in-law's finances may not be as lavish or manageable as perceived.

My Brother Thinks I "Deserve to Be Poor" for My Life Choices. Now He's in Charge of Our Inheritance.

Discuss your parents' estate planning to understand their decisions and protect your interests regarding your brother's role as executor.

My Son Expects Me to Wreck My Nest Egg to Fix His Absurd Financial Mistakes

Financial habits can be inherited, often despite parental guidance.
Teaching fiscal responsibility doesn't always ensure children will follow those lessons.

I Want to Cut My Mother-in-Law Out of Our Lives Because of Her Very Offensive Lifestyle

The daughter-in-law's resentment is unfounded; the mother-in-law's finances may not be as lavish or manageable as perceived.

My Brother Thinks I "Deserve to Be Poor" for My Life Choices. Now He's in Charge of Our Inheritance.

Discuss your parents' estate planning to understand their decisions and protect your interests regarding your brother's role as executor.
morefamily-dynamics
#astrology

Your Bank Account This Week, According To A Tarot Reader

Take things slowly this week due to Mercury and Mars retrograde influencing decision-making and financial matters.

Horoscopes Dec. 15, 2024: Don Johnson, refrain from listening to someone offering a risky venture

Focus on managing financial and legal matters personally for better control.
Research and connections are key to achieving desired lifestyle changes.

Horoscopes Nov. 26, 2024: Peter Facinelli, maintaining a stellar reputation will lead to opportunities

Be cautious before entering partnerships and maintain a good reputation for future opportunities.
Monitor finances to avoid hidden costs that could lead to vulnerability.

Your Bank Account This Week, According To A Tarot Reader

Take things slowly this week due to Mercury and Mars retrograde influencing decision-making and financial matters.

Horoscopes Dec. 15, 2024: Don Johnson, refrain from listening to someone offering a risky venture

Focus on managing financial and legal matters personally for better control.
Research and connections are key to achieving desired lifestyle changes.

Horoscopes Nov. 26, 2024: Peter Facinelli, maintaining a stellar reputation will lead to opportunities

Be cautious before entering partnerships and maintain a good reputation for future opportunities.
Monitor finances to avoid hidden costs that could lead to vulnerability.
moreastrology
#homebuying

Boston Condo Buyers Are You Concerned About Mortgage Rates? Boston Condos For Sale Ford Realty

Mortgage rates are influenced by multiple factors beyond the Federal Reserve, with a focus on improving credit scores for better mortgage terms.

How much should a house down payment be?

Mortgage down payment requirements vary; 20% is common but not mandatory.
First-time homebuyers can access loans with lower down payment options.
Understanding the impact of down payment on monthly costs is crucial.

Boston Condo Buyers Are You Concerned About Mortgage Rates? Boston Condos For Sale Ford Realty

Mortgage rates are influenced by multiple factors beyond the Federal Reserve, with a focus on improving credit scores for better mortgage terms.

How much should a house down payment be?

Mortgage down payment requirements vary; 20% is common but not mandatory.
First-time homebuyers can access loans with lower down payment options.
Understanding the impact of down payment on monthly costs is crucial.
morehomebuying
#investment-strategy

Suze Orman says she "loves Bitcoin" but issues a huge word of caution for anyone thinking of buying

Suze Orman supports Bitcoin investment but stresses the need for cautious strategies and only investing what one can afford to lose.

5 Top BofA Securities December Stock Picks Also Pay High-Yield Dividends

Dividends are crucial for total return expectations in investments, contributing significantly to overall market performance.

3 Best Growth Stocks To Buy Now

Investing in growth stocks can yield significant returns over time with a balanced approach, suitable for average-risk investors.

Dave Ramsey spills the secrets on the four types of funds he invests in that have made him so wealthy

Dave Ramsey's investment strategy prioritizes mutual funds with strong track records and emphasizes long-term, consistent investing.

Suze Orman says she "loves Bitcoin" but issues a huge word of caution for anyone thinking of buying

Suze Orman supports Bitcoin investment but stresses the need for cautious strategies and only investing what one can afford to lose.

5 Top BofA Securities December Stock Picks Also Pay High-Yield Dividends

Dividends are crucial for total return expectations in investments, contributing significantly to overall market performance.

3 Best Growth Stocks To Buy Now

Investing in growth stocks can yield significant returns over time with a balanced approach, suitable for average-risk investors.

Dave Ramsey spills the secrets on the four types of funds he invests in that have made him so wealthy

Dave Ramsey's investment strategy prioritizes mutual funds with strong track records and emphasizes long-term, consistent investing.
moreinvestment-strategy
#inheritance

Warren Buffett has advice for parents on inheritance planning

Open discussions about inheritance can strengthen family bonds.
Parents should share their wills with children before signing.
Wealth distribution should encourage independence without fostering entitlement.

Our Kids Are Set to Become Really Rich When We Die. We Think It's Going to Do More Harm Than Good.

Gradual distribution of wealth through a trust can prevent children from being overwhelmed by sudden wealth.

My recently divorced dad told me I will inherit $5M. Do I need to keep aggressively saving for retirement?

Inheritances are becoming rarer, and relying on one can complicate personal financial strategies.

I received an inheritance at a young age and am curious if a Roth or a traditional 401k would be better for me

Inheriting a windfall requires careful planning to navigate tax complexities and maximize benefits.

Warren Buffett has advice for parents on inheritance planning

Open discussions about inheritance can strengthen family bonds.
Parents should share their wills with children before signing.
Wealth distribution should encourage independence without fostering entitlement.

Our Kids Are Set to Become Really Rich When We Die. We Think It's Going to Do More Harm Than Good.

Gradual distribution of wealth through a trust can prevent children from being overwhelmed by sudden wealth.

My recently divorced dad told me I will inherit $5M. Do I need to keep aggressively saving for retirement?

Inheritances are becoming rarer, and relying on one can complicate personal financial strategies.

I received an inheritance at a young age and am curious if a Roth or a traditional 401k would be better for me

Inheriting a windfall requires careful planning to navigate tax complexities and maximize benefits.
moreinheritance
#horoscope

Horoscopes Nov. 18, 2024: Owen Wilson, a grateful attitude will help build wealth and well-being

Focus on what makes you happy and impacts your well-being.
Implement a budget and be resourceful to improve your finances.
Use your skills to make a positive difference without spending money.

Horoscopes Dec. 11, 2024: Gary Dourdann, a passionate approach to earning your living

Focus on self-assessment and proactive planning to achieve your goals and find personal happiness.

Horoscopes Nov. 5, 2024: Kevin Jonas, refresh and begin again

Embrace new beginnings while being cautious of financial and emotional distractions.

Horoscopes Nov. 18, 2024: Owen Wilson, a grateful attitude will help build wealth and well-being

Focus on what makes you happy and impacts your well-being.
Implement a budget and be resourceful to improve your finances.
Use your skills to make a positive difference without spending money.

Horoscopes Dec. 11, 2024: Gary Dourdann, a passionate approach to earning your living

Focus on self-assessment and proactive planning to achieve your goals and find personal happiness.

Horoscopes Nov. 5, 2024: Kevin Jonas, refresh and begin again

Embrace new beginnings while being cautious of financial and emotional distractions.
morehoroscope

Here's Your Tarot Reading For Wednesday, December 11

The Four of Pentacles urges caution in spending and emphasizes the importance of long-term financial stability during the holiday season.
#investment-strategies

I bought $34k worth of NVIDIA stock and now it's worth $850k - my guy tells me to sell it but what if it keeps going up?

Overcoming greed in stock trading is crucial to secure profits and avoid losses.
Implementing careful strategies can help manage risks associated with stock investments.

Ramit Sethi says these old tips from your parents don't work anymore and they can end up costing you millions

Adapt traditional money guidelines for the 21st century to align with modern financial strategies.

I want to set aside $300k for my two small children - is a 529 the best way to go?

529 plans are underutilized despite their tax advantages and education savings focus.
Choosing between passive and managed 529 plans involves significant financial considerations.
High contributions may lock substantial capital and pose funding risks.

My partner and I have over $5 million in savings - is collecting art a valid way to diversify our investment portfolio?

Investing in art can diversify your portfolio, offering both financial and aesthetic benefits, but requires clear goals and risk management.

I bought $34k worth of NVIDIA stock and now it's worth $850k - my guy tells me to sell it but what if it keeps going up?

Overcoming greed in stock trading is crucial to secure profits and avoid losses.
Implementing careful strategies can help manage risks associated with stock investments.

Ramit Sethi says these old tips from your parents don't work anymore and they can end up costing you millions

Adapt traditional money guidelines for the 21st century to align with modern financial strategies.

I want to set aside $300k for my two small children - is a 529 the best way to go?

529 plans are underutilized despite their tax advantages and education savings focus.
Choosing between passive and managed 529 plans involves significant financial considerations.
High contributions may lock substantial capital and pose funding risks.

My partner and I have over $5 million in savings - is collecting art a valid way to diversify our investment portfolio?

Investing in art can diversify your portfolio, offering both financial and aesthetic benefits, but requires clear goals and risk management.
moreinvestment-strategies
#home-buying

A real estate investor and agent says don't bank on rates coming down in 2025 - and shares 2 strategies to help you score a lower-than-average mortgage payment

Don't expect mortgage rates to drop significantly in 2025; negotiate rates now to secure better mortgage terms.

Dave Ramsey says this is how you can still buy a house even if you have a 0 credit score

You can buy a house even with no credit score through manual underwriting, contrary to modern beliefs that a credit profile is essential.

A real estate investor and agent says don't bank on rates coming down in 2025 - and shares 2 strategies to help you score a lower-than-average mortgage payment

Don't expect mortgage rates to drop significantly in 2025; negotiate rates now to secure better mortgage terms.

Dave Ramsey says this is how you can still buy a house even if you have a 0 credit score

You can buy a house even with no credit score through manual underwriting, contrary to modern beliefs that a credit profile is essential.
morehome-buying
#investing

Suze Orman says that many young Americans are investing the wrong way - here's what she suggests instead

Young investors should avoid chasing individual stocks based on hype and focus on long-term strategies.
Implementing dollar-cost averaging with index funds is a key strategy for wealth-building.

4 Magnificent Ultra-High-Yield Dividend Stocks Investors Can Hold for Decades

Investors are increasingly turning to ultra-high-yield stocks as interest rates decline.

New to investing? Venture Capitalists reveal how to experiment without risking everything - London Business News | Londonlovesbusiness.com

Investing can be intimidating for beginners, but starting small and seeking guidance can ease the process and enhance confidence.

Suze Orman says that many young Americans are investing the wrong way - here's what she suggests instead

Young investors should avoid chasing individual stocks based on hype and focus on long-term strategies.
Implementing dollar-cost averaging with index funds is a key strategy for wealth-building.

4 Magnificent Ultra-High-Yield Dividend Stocks Investors Can Hold for Decades

Investors are increasingly turning to ultra-high-yield stocks as interest rates decline.

New to investing? Venture Capitalists reveal how to experiment without risking everything - London Business News | Londonlovesbusiness.com

Investing can be intimidating for beginners, but starting small and seeking guidance can ease the process and enhance confidence.
moreinvesting

My Worst Fears for My Engagement Ring Came True. It's Haunting Me.

Accidents happen, and how you respond to them can positively influence your life and relationships.
from 24/7 Wall St.
2 weeks ago

Dave Ramsey spills the secrets of the rich starting with "they are not a secret"

Wealth building relies on common sense and understanding rather than hidden secrets or complex financial strategies.

Millions of Americans are guilty of doing what Suze Orman calls "the biggest waste of money out there"

Financing is favored for long-term ownership, while leasing, though easier on budget, may lead to continuous payments and cash flow challenges.
#debt-management

How to support your employees struggling with fuel poverty this winter - London Business News | Londonlovesbusiness.com

PayCaptain provides financial solutions for employees facing challenges due to fuel poverty and rising debt, emphasizing the need for support.

How to Choose the Right Travel Credit Card

Travel credit cards can be beneficial but require careful consideration of fees and earning structures to maximize rewards.

Dave Ramsey says he "wants you to pay off your mortgage as bad as anyone in the United States" - but not like this

Cashing out IRA funds early to pay off debt incurs significant penalties and should generally be avoided.

How to support your employees struggling with fuel poverty this winter - London Business News | Londonlovesbusiness.com

PayCaptain provides financial solutions for employees facing challenges due to fuel poverty and rising debt, emphasizing the need for support.

How to Choose the Right Travel Credit Card

Travel credit cards can be beneficial but require careful consideration of fees and earning structures to maximize rewards.

Dave Ramsey says he "wants you to pay off your mortgage as bad as anyone in the United States" - but not like this

Cashing out IRA funds early to pay off debt incurs significant penalties and should generally be avoided.
moredebt-management
#millennials

These Warren Buffett Quotes Will Transform How You Approach Your 30s

Warren Buffett teaches millennials and GenZers to focus on long-term success and the importance of relationships over mere financial gain.

Riskiest Social Media Platform for Financial Advice: Report | Entrepreneur

Young adults frequently seek financial advice on social media, which is often misleading and unqualified.

These Warren Buffett Quotes Will Transform How You Approach Your 30s

Warren Buffett teaches millennials and GenZers to focus on long-term success and the importance of relationships over mere financial gain.

Riskiest Social Media Platform for Financial Advice: Report | Entrepreneur

Young adults frequently seek financial advice on social media, which is often misleading and unqualified.
moremillennials

NFL legend Rob Gronkowski's best-ever investment: $69,000 worth of Apple stock he bought on advice from his contractor

Rob Gronkowski's $69,000 investment in Apple, advised by his contractor, tripled to $250,000 over two years despite him forgetting about it for a while.

I'm going through a rough patch in my career and am considering retiring with my $5 million portfolio - how can I handle health insurance though?

Planning for healthcare is essential for early retirement, as costs can be debilitating.
FIRE is about comprehensive planning, not just reaching a financial number.

I Got Into a Near Fatal Accident When I Was a Child. I Can't Stop Thinking About What My Parents Should've Done.

Reflecting on life-altering decisions can lead to feelings of regret about potential lost opportunities.
#market-volatility

Welcome to the Donald Trump Era of Crypto

Bernstein's advice for Wall Street clients to 'buy everything you can' signifies a dramatic shift in crypto investment confidence.

How insider trading data helps navigate market volatility

Retail investors must rely on data, particularly insider trading information, to navigate market volatility and avoid emotional decision-making.

Welcome to the Donald Trump Era of Crypto

Bernstein's advice for Wall Street clients to 'buy everything you can' signifies a dramatic shift in crypto investment confidence.

How insider trading data helps navigate market volatility

Retail investors must rely on data, particularly insider trading information, to navigate market volatility and avoid emotional decision-making.
moremarket-volatility

Older Adults Are Sharing The Purchases Millennials And Gen Z'ers Should 100% Avoid

Buyer's remorse can be particularly painful in adulthood, especially regarding larger purchases; careful consideration is crucial.
from The Sydney Morning Herald
1 month ago

Robot versus human: How will you plan for retirement?

AI can augment but not replace human financial advisers, as emotional nuances in advice require human involvement.
#pensions

Warning over unsettling' pension trend which could wipe out savings

Pensioners are increasingly withdrawing large sums from their pensions, risking running out of funds in retirement.

The inheritance tax rules you need to know to avoid paying a bill

Pensions will be subject to inheritance tax starting in 2027, affecting estate planning for families.

Warning over unsettling' pension trend which could wipe out savings

Pensioners are increasingly withdrawing large sums from their pensions, risking running out of funds in retirement.

The inheritance tax rules you need to know to avoid paying a bill

Pensions will be subject to inheritance tax starting in 2027, affecting estate planning for families.
morepensions

I Let Slip That My Parents Are Helping Me Financially. My Friend Did Not Take It Well.

Being open about financial situations can be sensitive, as it may trigger feelings of jealousy or inadequacy in friendships.

I'm 62 and worth millions - how can I give more to my kids without getting slammed on taxes?

Strategic gifting can be planned to minimize taxes related to death and gifts, as demonstrated in a recent financial advice scenario.
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