[CNBC, Getty Images] The 4% rule, a popular strategy to gauge withdrawals from one’s retirement portfolio, won’t work as well in coming decades due to lower projected stock and bond returns, according to a Morningstar paper published Thursday. The withdrawal rate should instead be 3.3%, the paper said. That can […]
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[Moneywise] He might have billions of dollars to his name, but unlike other celebrities and financial gurus, Warren Buffett prefers to live life simply. The Oracle of Omaha won’t be found living in a mansion in the Hollywood Hills, collecting a fleet of fancy sports cars or dining daily on […]
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[CNBC] Many people’s first experience paying with plastic instead of cash is their debit card, which gives consumers direct access to the money in their checking account. But while debit cards have certain advantages over credit — they don’t let consumers easily rack up debt the same way that credit cards […]
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[Business Insider] I created a “do not spend for two years” fund — money that I want to use down the road to start a new business venture or pay for my honeymoon. In the meantime, I want to earn the most interest possible, so I got some advice from […]
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[Business Insider] Being “good” with money isn’t a right or wrong question. It’s more about how you think about your money. One sign that a person is good with money is an understanding of asset protection — if you have the right insurances in place, I know you’re thinking about […]
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[Business Insider] When my parents first got engaged, my father went to the library to read about “married peoples’ finances.” The book he checked out recommended tracking every penny of your spending, then budgeting based on your spending. Following that advice for over 50 years has allowed them to buy […]
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[Business Insider, Getty Images] A checking account should be a stop for your money on its way to somewhere else, not a final destination. Putting money aside for a major purchase, like a house or car, in a high-yield savings account means you earn interest on your large balance, helping it […]
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