Personal Finance

We all know that comparing ourselves to others can be a slippery slope, but when it comes to retirement savings, it's hard not to wonder: Am I doing better or worse than the average saver? Checking where your 401(k) balance sits can give you some insight, but remember – your retirement is your own...

A recent call on The Ramsey Show posted to TikTok highlighted how fast even a solid income can vanish under the pressure of debt and overspending. Alyssa, a mental health therapist, called in to discuss her family's financial struggles after recently getting remarried. Despite their combined income...

Jamie Dimon, CEO of JPMorgan Chase, didn't hold back his thoughts on the Federal Reserve's recent interest rate cut. “[The rate cut is] a minor kind of thing,” he said. And honestly, he's not convinced that most Americans even noticed. “There are 320 million Americans and if you...

Instead of lounging on a beach with a cocktail in hand, imagine checking into a luxury resort to inject your stem cells or heading to a high-tech clinic for a deep dive into your DNA.  Longevity tourism is the new frontier of travel. Here, the wealthy and influential are spending tens of...

Government agencies like the FDA and EPA have actually put a price tag on human life. It sounds cold but it's true. When these agencies make decisions about regulations, they need to figure out if the benefits, like saving lives, outweigh the costs, such as compliance for companies. To do that,...

In a world where financial anxieties loom, many Americans wonder just how financially secure they are.For those wondering, Grant Sabatier, a voice in the FIRE (Financial Independence, Retire Early) movement, offers a perspective with his seven-level framework of wealth. The road map, written in his...

Public employees like teachers, police officers and firefighters have long faced the challenge of receiving cuts in Social Security benefits when they retire. This is due to some rules – the Government Pensions Offset (GPO) and Windfall Elimination Provision (WEP) – which cut into Social Security...

The late Charlie Munger, a billionaire investor and Warren Buffett's longtime business partner, had strong opinions about how 401(k) plans should be set up.  At a shareholder meeting in February 2021 for the Daily Journal Corporation, Munger openly shared that their 401(k) plan for employees...

Former President Donald Trump has recently ramped up his criticism of President Biden and Vice President Kamala Harris, claiming inflation has caused severe financial strain for American families.  During a Sept. 13 rally in Las Vegas, Trump asserted that “the worst inflation in American...

We’ve all heard about the traditional guideline of spending three months’ pay for an engagement ring. However, this guideline seems no longer relevant, as 61% of respondents to a recent survey believe it is outdated, particularly in light of the current economy.  The idea of...

Legendary investor Ken Fisher has a message for retirees and those planning for retirement – the allure of "capital preservation" might be setting you up for financial disappointment. Fisher, known for his no-nonsense approach to investing, argued in a New York Post opinion report issued on Monday...

Donald Trump made waves during a Long Island campaign stop by suggesting a cap on credit card interest rates, a proposal that quickly drew sharp criticism.  Speaking to a lively crowd of around 16,000 at the Nassau Coliseum, the former president announced a plan to limit interest rates to 10...

In 2024, Charles Schwab's Modern Wealth Survey revealed that the bar for what Americans consider "wealthy" has risen.  According to the survey, the average American believes it now takes a net worth of $2.5 million to be considered wealthy in today's economy. Last year and in 2022, it was $2.2...

Former President Donald Trump recently made a bold promise: if he's elected president again, he'll cut your auto insurance rates in half. But not everyone is buying it and many wonder how he plans to make that happen. Trump's claim came via a social media post where he said, "Your Automobile...