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Dave Ramsey built a financial empire on simple rules: avoid debt, pay cash, and never use credit cards. For many people, that advice was a game-changer. But his philosophy doesn’t work for every...
Grad school is supposed to move your career forward, but for millions of Americans, it just moves their debt higher. The median master’s degree has a net ROI of only $83,000, hardly enough to ju...
It's the club no one wants to join. But if you are over 50 and still paying student loans, there are ways to tackle both debt and retirement savings....
As Gen Z navigates student debt, housing costs and a slew of other financial pressures, many have become disillusioned with the possibility of retirement. Financial advisors say that can make planning...
Learn how strong risk capacity, fortified by smart debt management, can protect your retirement savings from market turbulence....
Financial literacy isn’t just a buzzword, it’s the difference between building wealth or getting buried in debt. It affects how people budget, borrow, save, and even how they pass those ha...
A four-year degree used to sound like the only path to a good job. What they didn’t mention was the student debt with no guarantees, the wasted time, and the jobs that barely cover rent. Turns o...
"Don't buy stuff you can't afford" is so simple it's laughable, yet too many of us live with debt we think acceptable. Here's how to change. The post Don’t Buy Stuff You Can’t Afford appea...
Been retired 3 years. My spending has steadily declined each year. I prepared for retirement by paying off my mortgage and car loans. Retired debt free. My investments are 20% in VOO for money I don&r...
After a certain point, having more money in retirement won't make you any happier, new research shows. Instead, physical health, a sense of purpose, and a minimal amount of non-mortgage debt are more ...
Too many people focus on visible affluence as a marker of success. Here's how to avoid succumbing to the pressure and driving yourself into debt....
Still, close to half continue to live with parents due to inflation, rising home rates, and debt...
Life used to be a lot more affordable. Our grandparents bought homes, raised families, and retired without drowning in debt. Millennials? They’re stuck with sky-high rent, student loans, and a c...
FROM THE ARTICLE: How to Plan for Retirement Like a Veteran. Surveys show ex-service members retire with more assets, less debt and greater confidence. Here are six ways to follow their lead. By Jon M...
Boomers made saving look easy. They built wealth, bought homes, and retired with money in the bank. Millennials? They’re stuck with sky-high housing costs, crushing debt, and a paycheck that bar...
Tl;dri need to change my investing/debt payoff/savings strategy because of my age (and lack of sleep). I'm looking for responses from people who understand how finances and investment strategies chang...
My wife and I are 62 & 63 respectively. Our kids are grown, out of the house and employed. Our house is paid off, and we have no debt. For 20 years, my wife & I had level plan term life insura...
I am a 75 year old retired father who would like to understand how to efficiently withdrawal from my two accounts. Here is more information about my current situation. Debt: No debt and house is fully...
From prioritizing spending and investing to using debt wisely and developing a giving attitude, rich retirees develop habits to live by....
Just because you have no dependents and no debt doesn't mean life insurance wouldn't come in exceedingly handy for someone in your life or even a charity....
Here's an example of what life insurance coverage would look like, with actual dollar amounts, for a hypothetical family with a mortgage and student debt....
Conventional wisdom says don't carry any mortgage into retirement, and if you can manage that debt-free feat, good for you. But there are other options....
“You Have Too Much Debt, You Are Going To Go Bankrupt” When I was in my middle 20s I had around $1M in debt. It was shortly before the real estate collapse of 2008. My income from my salar...
![10 Budget-Friendly 4th of July Ideas [Recipes
Inside]](/postImages/postImage8838.jpeg)
While we are all about celebrating the birth of our great nation, we don’t believe you should spend a lot of money (or go into debt) celebrating it. But that wasn’t the case in 2023. Ameri...
As an investor, understanding financial ratios is important to help assess the current state of a company. For example, we have P/E ratios, debt/equity ratios, EV/EBITDA ratios, interest coverage rati...
I'm pulling the trigger in 3 months. I am currently completely debt free, so I have no real interest in my credit score or any access to credit other than my money back card that I use for everything....
Impact depends on sources of income, asset holdings, and the amount of fixed-rate debt. In June 2022, U.S. inflation peaked at 8.9 percent – a dramatically high level after nearly three decades ...
A recent article in the Wall Street Journal says it’s time to consider borrowing money from your 401(k). These loans have become more popular as more Americans get deeper into debt at high inter...
Advice, explainers and exercises on taking advantage of job benefits, creating a budget, paying off debt and thinking about your future....
With the rise of AI, the growing U.S. debt, and the looming possibility of WWIII, there's been some discussion about how to invest in case society collapses. Though these conversations tend to be over...
I’m about 24 months out from ‘retirement’ (e.g, working for someone else). I have a decent salary, kids are independent, and no debt other than a mortgage. When I retire, downsizing ...
Forget the Lambos and designer clothes! Dr. Jeff Anzalone, the Debt-Free Doctor, exposes what millionaires really refuse to spend money ... Read more...
So far it's been great. Work was never my life so I don't miss it. I didn't have friends so I don't miss them. My wife is the only person I talk to on a regular basis. No debt, modest home paid for, L...
One of the biggest problems people have when it comes to money is figuring out what to do with it and when.Should you save up an emergency fund or pay off your debt first? Should you max out your 401(...
Anti-debt guru Dave Ramsey is the introductory point to personal finance for many people. His one size fits all rules provide the simplicity needed to dig themselves out of debt. His recommendation to...
If I should pull the trigger. I’ve been with same company for almost 35 years. I have planned to retire at 59.5 for a while now. We will be debt free, and financially be fine. But, I hate leavin...
Social Security plans to default to withholding 10% (not all) of the recipient's monthly benefits to recoup debt, SSA head says....
Cash advances are short-term loans intended to get you to payday without going into debt or getting hit with an overdraft fee. They’re great for moments you’re in a pinch, but they shouldn...
I’m 68, single and have a healthy retirement portfolio with no debt and live in an apartment. I plan to quit working in December. I have one daughter, son-in-law and grandson in Colorado, anothe...
Candidly sees high demand for student debt relief services...
Hi, my husband is retiring in 3 years at age 61. We have the funds we need, we have a lifelong pension with joint survivor benefits, and we don't carry any debt (homes and cars are paid for and childr...
I am currently 56 years old with a 54-year-old wife. We live in Kansas so cost of living is reasonable. We have no debt. Current gross income is approx. $200,000/yr. Projected assets at retirement (59...
New research shows the degree to which your choice of college major and debt at graduation affect retirement savings....
Legislation that went into effect this year makes it easier for student loan borrowers to save for retirement while paying down their debt....
Doctors face many personal finance challenges, from hefty student loan debt to temptations to overspend. Experts share how to win them as clients....
55 Y.O looking to retire at 60 $600,000.00 in 401k $300,000.00 in other savings and investments $27600.00 per year in ss at 63 ($2300.00 month) No mortgage, car payments or credit card debt I've heard...
Hi, Soon to be 64 and contemplating Retirement. Not sure exactly when. Told we could afford it now. We have no debt as cars, mortgage, CC are all paid. I think our income will be ok. I will be out wit...
WCI columnist, pediatrician, and WCICON speaker, Dr. Margaret Curtis, joins Dr. Jim Dahle today on the podcast to help answer your questions. They debate the age-old questions of paying down debt vs. ...
Just turned 59 and earn 80k/yr. My wife is 52 and makes 50k/yr. Our only debt is 70k on our 1200 sq ft house at 2.5%. Would like to retire at 62. My 401k will most likely have 300k in it by then. Thin...
By Adrian Cavender, Guest Writer The name of the game may be changing, but the goal remains the same for those of us with student loans: pay off as much debt as quickly as possible while spending as l...