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The consensus in the research is that women’s financial literacy is lower than men’s. Maybe women aren’t as interested in the markets, and many are too busy juggling a job with takin...
For obvious reasons, people who do physically demanding work are prone to injuring themselves on the job and are more likely than office workers to apply for federal disability benefits. But is techno...
By Dr. Jim Dahle, WCI Founder Inherited IRA rules changed a few years ago, but Congress and the IRS did a terrible job of really communicating all of the new rules that occurred as a result of the SEC...
In this Financial Samurai podcast (Apple, Spotify), I have the pleasure of speaking with NBA champion Shaun Livingston. Despite sustaining a devastating injury earlier in his career, he overcame and w...
The post What Is the Financial Freedom Movement? appeared first on Millennial Money. This is how we are taught to live in America: You start your career and work really hard until you turn 65 and can ...
I’m just getting started with retirement at 67, but it’s pretty low key. Working a part time job for fun, something not very taxing and that gets me out of the house. Other than that, it&r...
Almost 71 year old retiree, career academic with all my retirement funds in TIAA. I am seriously considering annuitizing the TIAA traditional part of my money, about 30% of the total (the rest is in i...
I am newly retired in the sense that 2023 will be the first full year of retirement with no job income. I am not sure how to answer what my income is for application forms (credit cards, mortgage, etc...
I plan on retiring from my career soon, and will work part-time in order to keep busy and avoid tapping into the 401K or SS yet since we don't have many bills to pay. We aren't rich, but certainly not...
My husband (66) has always been the primary breadwinner. He was laid off from his corporate job in 2004 and started his own consulting business. We've made it through, but there's never been extra mon...
Adherents of “Coast FIRE” front-load their savings early in their career, but don’t stress as much later on. ...
I’m 54, self employed in a very physically demanding line of work. I like my job, but there’s no telling how long I can do it for. I’ve a little less than half what I need to retire ...
When we think of retirement, it often evokes dreams of leisure, relaxation, and the freedom to pursue one's passions. Yet, the decision to retire is not merely about leaving a career; it's about embar...
I am 66 and my spouse is soon to be 66. I have a 100% Va disability plus pretty good SSI. She has her SSI also. I recently retired and she has a small housecleaning job that pays a few hundred per mon...
November 12, 2023 – If I wanted to comment on every piece of bad advice in the personal finance community, my quiet, relaxed early retirement would be busier than the corporate career I left in ...
Growing up, Hollywood had me believing that 20s were going to be the most exciting part of my life. I’d find true love, go on a life-changing trip to Europe and start a successful career all in ...
Medicare Suppliment plans - where do I look for unbiased information I want to switch from insurance though a job to a Medicare Suppliment plan but I am not sure where to look for unbiased information...
I am a single female, age 64 (65 in July). I have been working since age 14. I just got laid off from my job and even tho I was not planning to retire now, I’m thinking maybe I should. My career...
On-the-job injuries, like layoffs, are life-altering events. A worker can lose tens of thousands of dollars in earnings over many years as a result, according to a new RAND study. The researchers used...
Ask yourself the right questions to tell whether you’re ready to close the chapter on your career...
I officially retired at the age of sixty-one in the summer of 2021 after a rewarding career of four decades. ... Read more...
I’m a seasoned real estate veteran with over 20 years of experience and a Chartered Financial Analyst (CFA). Throughout my career, I’ve always found assumable mortgages intriguing, yet the...
It might be time to retire from my current job. I'm having trouble concentrating and learning new things, and I need to learn as my role has changed. I feel disconnected and not at all interested in w...
By Josh Katzowitz, WCI Content Director Social media is pretty much the worst. I feel like I have to be on X (Twitter) and Facebook for my job (and I spend plenty of hours a week on both), but I also ...
Well folks, after writing over 2,300 personal finance articles since 2009, my job here at Financial Samurai is done! According to the 2022 Federal Reserve Consumer Finance Survey, the average American...
This is a really tough decision. I love my job and am well compensated. I love the people I work with. My work life balance is good, not great. That is mostly my doing because I get a lot of fulfillme...
Pandemic stimulus, a strong job market and climbing stock and home prices boosted net worth at a record pace, Federal Reserve data showed....
Did you know that if you made an average income throughout your career, your Social Security benefits could add up to hundreds of thousands of dollars in lifetime income? And if you made an above-aver...
Now that the Supreme Court has outlawed affirmative action in college admissions, it's time to look at the next layer of affirmative action: getting a job based on identity versus merit. This is the d...
I like my job but every day I find that dealing with corporate dysfunction is harder and harder. I dread going to work and have a really hard time engaging the way I used to. I just don't care. I'm no...
I have a decent 401K from a job I left 6 years ago. I left the money there because it was doing really well. Well, now it's not. It lost money as market took a nose-dive last year. It still isn't doin...
I recently saw an interview of Magic Johnson where he talks about one of the most important financial choices of his career. After winning the NBA championship in 1980, Johnson was offered sponsorship...
With the recent rise of AI large language models ("LLMs") such as ChatGPT, there's been a lot of discussion about which jobs might be automated away in the future. Traditional careers, which were once...
As the saying goes, "Risk happens fast." From medical emergencies to job loss to car and home repairs, unforeseen events can quickly derail your finances—especially if you're not prepared. That's wh...
I'm not yet retired but my job is now remote and I would like to move to a lower cost of living city. My preference is for snow and nice views. Where have you all retired to that fits this description...
Well, I think I’m finally going to pull the plug. I’m 62 1/2, and I haven’t loved my job for a long time. It’s just what I’m good at, and it pays well. But it’s tim...
Financial Independence is a great thing. It means you can choose to do what you want without relying on your job to support your lifestyle. Who would not want that? More and more people are trying to ...
I’m 60, SF, no kids and starting to seriously think about my next steps. I have a good job (85k) and benies and ~$500k in my 401k. Only have ~ $2k in savings and owe $5k on CC. Car will be pd in...
I’m just coming up on year one at my newish job. Decent pay (70k but a raise is in the works in the next two months that is negotiable). I’m currently 30M. Currently have about 15k in Roth...
I'm 33 years old and just recently started saving for retirement. Maxed out my Roth IRA last year( put it all into VOO on vanguard) and will max it out again this year, but I have no 401k at my job an...
Based on prior input of deferring income … https://www.reddit.com/r/retirement/comments/11hxw3b/deferring_job_income/?utm_source=share&utm_medium=ios_app&utm_name=iossmf Looking at ~$12...
For many people in their early careers, saving for retirement is low on the list of priorities. By starting early, people in their 20s and 30s can create a more comfortable future for themselves....
Anyone retire early then find out the numbers didn't quite work? If so, how did you make it work? Did you just adjust your spending? Or did you get a part-time job or even go back full-time? Some comb...
To explain, I went on disability 8 years ago after I was fired from my 28-year career (state government). I am entitled to retirement pension this month. HOWEVER, I now owe over $15k in med bills and ...
I am 60 (closer to 61). My 59 (closer to 60) year old wife is retired. I work part-time at a job that just about cover our regular expenses. Our net financial worth is seven figures, and a combination...
Just started a new job at a great but small firm and they have no retirement plan. I have worked for 25 years and and have contributed to a 401k. I want to finish out the last 10-12 working years at t...
After years of dithering on both of our parts, today my husband finally pulled the plug and formally announced his retirement date (May) at his very boring bank job. He’s now freaking out about ...
The Atlantic writer Derek Thompson wrote an article about the best career advice he’s come across that “might be marginally useful.” Your Career Is Just One-Eighth of Your Life was a...
I got a lot of stuff going on. I have kidney cancer, I am 64 and have a federal job that now has changed and I question my skills at it, I have a wife who quit her job and has retired but without draw...
By Dr. Charles Patterson, WCI Columnist Moving is a part of life for physicians. While there are doctors who spend their entire educational and medical career in one state, they tend to be the excepti...