Unpopular opinion: financial advisors provide a valuable serviceFinancial advisors provide personalized investment strategies and valuable insights that can significantly impact your financial success.
Should I fire my financial advisor? I have no personal issues with him, but feel like I can save 1%Self-directing investments can save money but carries risks during market downturns.Bear markets can be unpredictable; having professional guidance can provide valuable support.
Baby Boomers Love 4 of Warren Buffett's Highest-Yielding Passive Income Dividend StocksRelying solely on Social Security for retirement is risky; combining it with passive income is essential.
Baby Boomers: The Only 3 ETFs You Need to Own for Passive Income and Growth Through RetirementDividend ETFs provide retirees with income stability and portfolio protection against market volatility.Investing in such funds helps achieve diversification while earning returns through dividends.
How to Use an HSA to Save a LotHealth savings accounts can grow into a $1 million asset for retirement, but must be managed with strict discipline over decades.
Baby Boomers Should Play It Very Safe in 2025 With These 5 Dividend Blue ChipsInvestors should consider blue-chip dividend stocks for stability and passive income amidst uncertainty in the stock market.
Unpopular opinion: financial advisors provide a valuable serviceFinancial advisors provide personalized investment strategies and valuable insights that can significantly impact your financial success.
Should I fire my financial advisor? I have no personal issues with him, but feel like I can save 1%Self-directing investments can save money but carries risks during market downturns.Bear markets can be unpredictable; having professional guidance can provide valuable support.
Baby Boomers Love 4 of Warren Buffett's Highest-Yielding Passive Income Dividend StocksRelying solely on Social Security for retirement is risky; combining it with passive income is essential.
Baby Boomers: The Only 3 ETFs You Need to Own for Passive Income and Growth Through RetirementDividend ETFs provide retirees with income stability and portfolio protection against market volatility.Investing in such funds helps achieve diversification while earning returns through dividends.
How to Use an HSA to Save a LotHealth savings accounts can grow into a $1 million asset for retirement, but must be managed with strict discipline over decades.
Baby Boomers Should Play It Very Safe in 2025 With These 5 Dividend Blue ChipsInvestors should consider blue-chip dividend stocks for stability and passive income amidst uncertainty in the stock market.
I'm 34 with $3.3 million saved up and I'm wondering if I need to pay a financial advisor to keep everything in checkA 34-year-old Redditor has a $3.3 million net worth, allowing her to consider early retirement with a sustainable financial plan.
My friend is 70 and won't retire because they are worried about a 4% withdrawal rate - are they right to worry?The 4% rule helps manage retirement withdrawals but isn't one-size-fits-all, hence, seeking personalized financial advice is essential.
The 6 Most Important Questions to Ask a Financial Advisor Before Hiring ThemFinding the right financial advisor is crucial for achieving financial goals.Ask about qualifications, experience, and fees when selecting an advisor.
I Used to Think Paying Off My Mortgage Early Was Always Best, but These 10 Factors Changed My StrategyPaying off a mortgage early may not justify the financial trade-offs involved.
Should everyone hire a financial advisor? Even if you aren't earning a lot?Using a financial advisor can be beneficial regardless of income level.
Dave Ramsey says "Retirement is not an age; it's a financial number" - here's how to find yoursFocus on your financial number, not just retirement age, to determine readiness for retirement.
I'm 34 with $3.3 million saved up and I'm wondering if I need to pay a financial advisor to keep everything in checkA 34-year-old Redditor has a $3.3 million net worth, allowing her to consider early retirement with a sustainable financial plan.
My friend is 70 and won't retire because they are worried about a 4% withdrawal rate - are they right to worry?The 4% rule helps manage retirement withdrawals but isn't one-size-fits-all, hence, seeking personalized financial advice is essential.
The 6 Most Important Questions to Ask a Financial Advisor Before Hiring ThemFinding the right financial advisor is crucial for achieving financial goals.Ask about qualifications, experience, and fees when selecting an advisor.
I Used to Think Paying Off My Mortgage Early Was Always Best, but These 10 Factors Changed My StrategyPaying off a mortgage early may not justify the financial trade-offs involved.
Should everyone hire a financial advisor? Even if you aren't earning a lot?Using a financial advisor can be beneficial regardless of income level.
Dave Ramsey says "Retirement is not an age; it's a financial number" - here's how to find yoursFocus on your financial number, not just retirement age, to determine readiness for retirement.
Is It Possible to Retire by 50 If You've Banked $5 Million?Retiring at 50 with $5 million is possible with careful planning.
Social Security: 3 Things You Must Do Before Claiming Benefits at 62Claiming Social Security at age 62 may lead to permanently reduced benefits, making informed decision-making essential.
Don't Delay Social Security If These 3 Factors Apply to YouDelaying Social Security can boost monthly benefits, but may not be ideal for those in poor health or facing unemployment.
I'm Only 30 Years Old. How Accurate Is My Social Security Benefit Estimate?Starting retirement planning early helps ensure better financial security later.Social Security estimates for young individuals may be inaccurate and should be approached cautiously.
3 Big Ways Baby Boomers are Setting Themselves Up for Disaster in RetirementMany Baby Boomers face a financial crisis as they plan to work until age 70 but lack sufficient savings.
If You're Approaching Retirement Age and Somewhat Wealthy, There Is a Good Chance Your Social Security Benefits Are CutFuture Social Security reforms may cut benefits for high earners, raise the retirement age, and face funding depletion by 2035.
Is It Possible to Retire by 50 If You've Banked $5 Million?Retiring at 50 with $5 million is possible with careful planning.
Social Security: 3 Things You Must Do Before Claiming Benefits at 62Claiming Social Security at age 62 may lead to permanently reduced benefits, making informed decision-making essential.
Don't Delay Social Security If These 3 Factors Apply to YouDelaying Social Security can boost monthly benefits, but may not be ideal for those in poor health or facing unemployment.
I'm Only 30 Years Old. How Accurate Is My Social Security Benefit Estimate?Starting retirement planning early helps ensure better financial security later.Social Security estimates for young individuals may be inaccurate and should be approached cautiously.
3 Big Ways Baby Boomers are Setting Themselves Up for Disaster in RetirementMany Baby Boomers face a financial crisis as they plan to work until age 70 but lack sufficient savings.
If You're Approaching Retirement Age and Somewhat Wealthy, There Is a Good Chance Your Social Security Benefits Are CutFuture Social Security reforms may cut benefits for high earners, raise the retirement age, and face funding depletion by 2035.
The Dividend King You Never Heard of That's Beating the Market by 2-to-1Dividend stocks, particularly those that grow payouts, are ideal for comfortable retirement funding.National Fuel Gas exemplifies a reliable investment with its long history of dividend increases.
Retirees May Have a Better Option Than Dividends Right NowRetirees should diversify their passive income portfolios beyond dividend stocks, especially in a high market valuation climate.
Baby Boomers: Build Your Passive Income Streams With these 3 Dividend StocksBaby boomers should focus on maximizing passive income to enjoy a comfortable retirement without selling equity.
I'm 52 and never earned more than $350k but I'm pushing $10 million in the bank - here's how I did itThe Redditor's story illustrates the power of compound growth and disciplined investing in achieving a significant net worth.
Suze Orman's Top Retirement Advice You Shouldn't IgnoreStart saving for retirement early to benefit from compound interest.Understanding your retirement expenses is crucial for a comfortable retirement.
I Need to Make a Big Investment Decision-Should My $40K Go Into VTC or SPY?Investors face a dilemma between volatile stock markets and stable bond markets, with both options presenting unique risks and rewards.
The Dividend King You Never Heard of That's Beating the Market by 2-to-1Dividend stocks, particularly those that grow payouts, are ideal for comfortable retirement funding.National Fuel Gas exemplifies a reliable investment with its long history of dividend increases.
Retirees May Have a Better Option Than Dividends Right NowRetirees should diversify their passive income portfolios beyond dividend stocks, especially in a high market valuation climate.
Baby Boomers: Build Your Passive Income Streams With these 3 Dividend StocksBaby boomers should focus on maximizing passive income to enjoy a comfortable retirement without selling equity.
I'm 52 and never earned more than $350k but I'm pushing $10 million in the bank - here's how I did itThe Redditor's story illustrates the power of compound growth and disciplined investing in achieving a significant net worth.
Suze Orman's Top Retirement Advice You Shouldn't IgnoreStart saving for retirement early to benefit from compound interest.Understanding your retirement expenses is crucial for a comfortable retirement.
I Need to Make a Big Investment Decision-Should My $40K Go Into VTC or SPY?Investors face a dilemma between volatile stock markets and stable bond markets, with both options presenting unique risks and rewards.
If I'm Retiring 5 Years Early and Have $3M Saved Up, What Is My Safe Withdrawal Rate?The 4% rule may be too risky for early retirees, suggesting a 3% or 3.5% withdrawal rate instead.
You Can't Trust This Long-Standing Retirement Rule Any MoreThe 4% rule for retirement withdrawals is increasingly being questioned and may no longer be a reliable strategy for financial planning.
If These 5 Things Happen, the 4% Rule in Retirement Might Be DoomedThe 4% rule is not a foolproof retirement withdrawal strategy; retirees must be aware of market dynamics and potential rising expenses.
What If the 4% Rule Meant Something Else?The 4% Rule, established by William Bengen, indicates that retirees can withdraw 4% annually from their portfolios for 30 years.
If I'm Retiring 5 Years Early and Have $3M Saved Up, What Is My Safe Withdrawal Rate?The 4% rule may be too risky for early retirees, suggesting a 3% or 3.5% withdrawal rate instead.
You Can't Trust This Long-Standing Retirement Rule Any MoreThe 4% rule for retirement withdrawals is increasingly being questioned and may no longer be a reliable strategy for financial planning.
If These 5 Things Happen, the 4% Rule in Retirement Might Be DoomedThe 4% rule is not a foolproof retirement withdrawal strategy; retirees must be aware of market dynamics and potential rising expenses.
What If the 4% Rule Meant Something Else?The 4% Rule, established by William Bengen, indicates that retirees can withdraw 4% annually from their portfolios for 30 years.
We're in our mid 50s with $2 million in our 401(k) and a $120k pension per year coming our way - are we good to retire?Guaranteed pension income eases the path to early retirement, but there are still risks to consider.
54 Year Old Retiree With A $4 Million 401(K) Doesn't Know What To DoRetiring with $4 million at age 54 requires careful planning to ensure funds last throughout retirement.Establishing a safe withdrawal rate is essential to manage a large retirement account effectively.
My wife is a stay at home mom and I'd like to set aside money for her, but don't know the best options. What's possible?A spousal IRA helps non-working spouses save for retirement effectively.Taxable brokerage accounts offer flexibility and additional savings options.
I thought I needed $5 million to retire. I now have $7 million and it still doesn't seem like enough - am I wrong?Even with $7 million saved, many feel unsure about retirement readiness, emphasizing the importance of objective financial analysis.
We're in our 50's and would love to retire in the next few years - how much inflation should we plan for in the future?Inflation threatens retirees' financial security, prompting them to reassess their retirement plans.
6 Financial Tidal Waves That Could Unexpectedly Crush Baby BoomersFinancial preparedness is crucial for a stress-free retirement.Rising healthcare costs and inadequate savings are major challenges for retirees.
We're in our mid 50s with $2 million in our 401(k) and a $120k pension per year coming our way - are we good to retire?Guaranteed pension income eases the path to early retirement, but there are still risks to consider.
54 Year Old Retiree With A $4 Million 401(K) Doesn't Know What To DoRetiring with $4 million at age 54 requires careful planning to ensure funds last throughout retirement.Establishing a safe withdrawal rate is essential to manage a large retirement account effectively.
My wife is a stay at home mom and I'd like to set aside money for her, but don't know the best options. What's possible?A spousal IRA helps non-working spouses save for retirement effectively.Taxable brokerage accounts offer flexibility and additional savings options.
I thought I needed $5 million to retire. I now have $7 million and it still doesn't seem like enough - am I wrong?Even with $7 million saved, many feel unsure about retirement readiness, emphasizing the importance of objective financial analysis.
We're in our 50's and would love to retire in the next few years - how much inflation should we plan for in the future?Inflation threatens retirees' financial security, prompting them to reassess their retirement plans.
6 Financial Tidal Waves That Could Unexpectedly Crush Baby BoomersFinancial preparedness is crucial for a stress-free retirement.Rising healthcare costs and inadequate savings are major challenges for retirees.
If You've Been Able to Save Up $100K and Are Scared of Investing, Suze Orman Will Set You StraightConsistent saving and investing are essential for building a solid retirement fund, leveraging compounding effects over time.
I'm Not Even 30 And Have $45K Saved Up. Are The Calculators Right That I'll Have $4 Million At Retirement?Investing at a young age maximizes the benefits of compound interest, greatly enhancing potential wealth accumulation.
If You've Been Able to Save Up $100K and Are Scared of Investing, Suze Orman Will Set You StraightConsistent saving and investing are essential for building a solid retirement fund, leveraging compounding effects over time.
I'm Not Even 30 And Have $45K Saved Up. Are The Calculators Right That I'll Have $4 Million At Retirement?Investing at a young age maximizes the benefits of compound interest, greatly enhancing potential wealth accumulation.
I'm in the military making $85k a year and I want to become a millionaire to prove my high school doubters wrongMilitary members may not earn high salaries initially, but benefits like VA loans can foster long-term financial stability.A focus on impressing others can lead to poor financial decisions.
AGG vs BND: Which Bond ETF Is a Better One to Buy?Bond ETFs offer stability and income with less volatility compared to stocks.Both iShares and Vanguard bond ETFs have low expense ratios and similar yields.Long-term investments in bond ETFs generally yield lower returns than growth ETFs.
I'm in the military making $85k a year and I want to become a millionaire to prove my high school doubters wrongMilitary members may not earn high salaries initially, but benefits like VA loans can foster long-term financial stability.A focus on impressing others can lead to poor financial decisions.
AGG vs BND: Which Bond ETF Is a Better One to Buy?Bond ETFs offer stability and income with less volatility compared to stocks.Both iShares and Vanguard bond ETFs have low expense ratios and similar yields.Long-term investments in bond ETFs generally yield lower returns than growth ETFs.
We're in our mid-40s and are finally making big salaries - is there anything we can do to reduce our tax bill and retire earlier?Maximizing IRAs and 401(k)s can significantly lower tax bills, especially for higher earners planning for retirement.
I'm switching jobs and getting a huge pay bump - should I funnel money into a Traditional and a Roth 401(k)Choosing between a traditional and Roth retirement account depends on tax considerations and retirement goals.
I'm putting $300k annually into taxable brokerage accounts - should I be utilizing a mega backdoor Roth instead?A mega backdoor Roth can significantly reduce future tax bills for high earners.
We're in our mid-40s and are finally making big salaries - is there anything we can do to reduce our tax bill and retire earlier?Maximizing IRAs and 401(k)s can significantly lower tax bills, especially for higher earners planning for retirement.
I'm switching jobs and getting a huge pay bump - should I funnel money into a Traditional and a Roth 401(k)Choosing between a traditional and Roth retirement account depends on tax considerations and retirement goals.
I'm putting $300k annually into taxable brokerage accounts - should I be utilizing a mega backdoor Roth instead?A mega backdoor Roth can significantly reduce future tax bills for high earners.
UK pension options for British residents in France - The Good Life FranceUnderstand UK pension benefits and taxation as an expat in France to maximize your retirement income.
We want to retire in 10 years and can't touch our 401(k) until we reach 59 - what's the ideal way to fund our lifestyle?Continue working flexibly during bridge years to maintain income.Consider unconventional withdrawal strategies from taxable accounts to cover expenses.
UK pension options for British residents in France - The Good Life FranceUnderstand UK pension benefits and taxation as an expat in France to maximize your retirement income.
We want to retire in 10 years and can't touch our 401(k) until we reach 59 - what's the ideal way to fund our lifestyle?Continue working flexibly during bridge years to maintain income.Consider unconventional withdrawal strategies from taxable accounts to cover expenses.
My mortgage payment is eating most of my paycheck - here's what Dave Ramsey told me to doSelling a home is essential if housing costs exceed 30% of income, particularly if surpassing 50% threatens financial stability.
I Don't Agree with Suze Orman on Everything, But She Nails These 4 Personal Finance AreasSuze Orman is a leading figure in financial advice, known for her practical strategies and expertise in worst-case scenario preparation.
Suze Orman Calls Hoarding Cash Due to Recession Fears 'a Huge Mistake' but She's WrongSuze Orman's cautious financial approach prioritizes security for those nearing retirement.
I Almost Took a Loan From My 401(k), but These 10 Factors Changed My MindAvoid borrowing from your 401(k) due to long-term financial drawbacks.
My mortgage payment is eating most of my paycheck - here's what Dave Ramsey told me to doSelling a home is essential if housing costs exceed 30% of income, particularly if surpassing 50% threatens financial stability.
I Don't Agree with Suze Orman on Everything, But She Nails These 4 Personal Finance AreasSuze Orman is a leading figure in financial advice, known for her practical strategies and expertise in worst-case scenario preparation.
Suze Orman Calls Hoarding Cash Due to Recession Fears 'a Huge Mistake' but She's WrongSuze Orman's cautious financial approach prioritizes security for those nearing retirement.
I Almost Took a Loan From My 401(k), but These 10 Factors Changed My MindAvoid borrowing from your 401(k) due to long-term financial drawbacks.
The S&P 500 Stock With the Highest Dividend Is a Pure Cash MachineAltria Group Inc. has the highest dividend yield in the S&P 500, appealing to income-focused investors despite declining cigarette sales.
2 Dividend Kings at 4-Year Lows. Time to Buy?Dividend stocks, especially Dividend Kings, are effective for retirement funding, but caution is essential due to potential payout cuts.
I'm in my early 50s with a net worth of $8m and 65% of my money is in one single stockRebalancing and derisking are essential for portfolio health, particularly during market fluctuations.
I'm looking to retire soon and am worried about my inability to not make bad investment decisions once I doTransitioning to retirement requires careful financial planning and risk assessment to preserve your nest egg.
My wife and I dream of retiring in a few years on a budget of $600k per year - will we have enough?Planning for a $600,000 annual retirement income requires substantial savings, estimated at $16.22 million for sustainability.
The S&P 500 Stock With the Highest Dividend Is a Pure Cash MachineAltria Group Inc. has the highest dividend yield in the S&P 500, appealing to income-focused investors despite declining cigarette sales.
2 Dividend Kings at 4-Year Lows. Time to Buy?Dividend stocks, especially Dividend Kings, are effective for retirement funding, but caution is essential due to potential payout cuts.
I'm in my early 50s with a net worth of $8m and 65% of my money is in one single stockRebalancing and derisking are essential for portfolio health, particularly during market fluctuations.
I'm looking to retire soon and am worried about my inability to not make bad investment decisions once I doTransitioning to retirement requires careful financial planning and risk assessment to preserve your nest egg.
My wife and I dream of retiring in a few years on a budget of $600k per year - will we have enough?Planning for a $600,000 annual retirement income requires substantial savings, estimated at $16.22 million for sustainability.
Is financial independence actually worth it if you are working yourself nearly to death?The FIRE lifestyle might require too many sacrifices, leading to potential unhappiness.
I'm looking to retire at 50 and live off of $150k a year with no debt - is my nest egg big enough?The Reddit user has sufficient funds to retire comfortably at age 50 with a strategic withdrawal plan to minimize taxes.
Is financial independence actually worth it if you are working yourself nearly to death?The FIRE lifestyle might require too many sacrifices, leading to potential unhappiness.
I'm looking to retire at 50 and live off of $150k a year with no debt - is my nest egg big enough?The Reddit user has sufficient funds to retire comfortably at age 50 with a strategic withdrawal plan to minimize taxes.
I'm 65, and I have no plans to retire. Instead, I travel the world and run multiple businesses.Retirement is not the only rewarding option after 50; continued work and passion can lead to fulfillment.Losing a job in your 50s can feel like a crisis, but it may be an opportunity for new beginnings.
I'm 27 and went from making $18 an hour to now making $51 an hour as a lab techHard work can significantly increase income over time.With higher income, establishing financial goals and priorities becomes crucial.Effective budgeting is necessary to avoid overspending.
3 Conversations All Married Couples Need to Have Before They RetireSpouses should synchronize their retirement plans regarding living arrangements and spending.
I'm 27 and went from making $18 an hour to now making $51 an hour as a lab techHard work can significantly increase income over time.With higher income, establishing financial goals and priorities becomes crucial.Effective budgeting is necessary to avoid overspending.
3 Conversations All Married Couples Need to Have Before They RetireSpouses should synchronize their retirement plans regarding living arrangements and spending.
I'm 50 with a net worth of $5 million. Should I retire early in case the next few years destroy the economy?Making retirement decisions based on fears about political change can lead to poor long-term financial choices.
I Used to Think a Pension Was the Ultimate Retirement Tool, but Then I Learned These 10 DrawbacksEffective retirement planning requires diversification beyond pension plans.Understanding pension plans involves navigating fine print and potential penalties.Early retirement can lead to reduced pension benefits.Consulting financial advisors is crucial for informed decision-making.
Do you know where your retirement money is? Study finds thousands have forgotten pensions | CBC RadioMany individuals, like Judy Shapiro, may unknowingly overlook significant retirement savings accrued in their early careers.
I Used to Think a Pension Was the Ultimate Retirement Tool, but Then I Learned These 10 DrawbacksEffective retirement planning requires diversification beyond pension plans.Understanding pension plans involves navigating fine print and potential penalties.Early retirement can lead to reduced pension benefits.Consulting financial advisors is crucial for informed decision-making.
Do you know where your retirement money is? Study finds thousands have forgotten pensions | CBC RadioMany individuals, like Judy Shapiro, may unknowingly overlook significant retirement savings accrued in their early careers.
Millions of Baby Boomers Face This Pension Dilemma: Lump Sum vs. Monthly Payments - Which Is Best?Choosing between lump sum and annuity payments is crucial as it influences retirement financial stability and overall quality of life.
Baby Boomers Used to Swear by Annuities -- Here's Why They're Not Always Worth ItAnnuities are losing popularity among Baby Boomers due to complexity and high fees.Alternative investment products are becoming more attractive for retirees.Baby Boomers are exploring a broader range of financial options.
Millions of Baby Boomers Face This Pension Dilemma: Lump Sum vs. Monthly Payments - Which Is Best?Choosing between lump sum and annuity payments is crucial as it influences retirement financial stability and overall quality of life.
Baby Boomers Used to Swear by Annuities -- Here's Why They're Not Always Worth ItAnnuities are losing popularity among Baby Boomers due to complexity and high fees.Alternative investment products are becoming more attractive for retirees.Baby Boomers are exploring a broader range of financial options.
Medicare Advantage vs. Medigap: Which Supplemental Coverage Makes Sense for You?Choosing between Medicare Advantage or Medigap is crucial for retirees to ensure adequate medical coverage.
SECURE Act 2.0: What Every Retiree Needs to Know About RMD ChangesSECURE 2.0 enhances retirement savings by increasing RMD age and reducing penalties.
Divorcing at 50? Here's How to Navigate the Financial TransitionDivorce significantly impacts finances, requiring careful preparation and adjustment.It's crucial to understand asset division and alimony implications when navigating post-divorce finances.
My parents keep dropping hints that they need us to help with retirement - will I have to help them?Children should not be financially responsible for their parents' retirement plans.
I'm a high earner who has always maxed out my 401k. I keep hearing about backdoor Roth IRA - what is it?Exploring retirement strategies beyond maxing out a 401(k) can yield significant benefits for higher earners.
3 Ways to Lower Your Taxes in RetirementSeniors on fixed incomes can benefit from strategic tax planning to lower their tax bills in retirement.
I'm a high earner who has always maxed out my 401k. I keep hearing about backdoor Roth IRA - what is it?Exploring retirement strategies beyond maxing out a 401(k) can yield significant benefits for higher earners.
3 Ways to Lower Your Taxes in RetirementSeniors on fixed incomes can benefit from strategic tax planning to lower their tax bills in retirement.
Dear Abby: My wife's mom thinks she's moving to our dream house with usIt's time for the mother-in-law to move out and find her own place as retirement plans progress.
3 Reasons Why Having a Mortgage in Retirement Isn't So BadRetiring mortgage-free is a common goal, but carrying a mortgage can offer financial benefits.
I am 60 with a net worth of $3 million. How can I pay the least amount of taxes possible?Minimizing taxes and managing RMDs are crucial considerations for retirees to avoid higher tax liabilities.
I Used to Think a 401(k) Was the Ultimate Retirement Account, Until I Learned These 10 Drawbacks401(k)s are often considered the best retirement option, but diversifying investments is essential for long-term success.