[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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[Business Insider, Leung/Insider Intelligence] My parents don’t understand why I don’t own a house, a car, or a retirement savings account. My generation has fewer job opportunities, more student debt, and outrageous housing prices. It’s far worse for us than it was for previous generations. Ingrid Cruz is a freelance […]
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[CNBC, Getty Images] Compared to 25-year-olds, people at 30 will have to invest a little more to hit the same goal by 65. For the average person who wasn’t born into a rich family, becoming a millionaire is easier said than done. While some people have no desire to have a million […]
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[The Motley Fool, Getty] It doesn’t take much to turn your side gig into a million bucks. Becoming a millionaire on your regular salary may seem impossible — especially if you need most of your paycheck to cover bills. Side hustles are an increasingly popular way to get ahead. A […]
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[CNBC] When I got laid off from my job in 2015, I promised myself that I’d do whatever it took to become my own boss and never go back to a full-time job. It was a goal that came with many brainstorm sessions and lots of Excel spreadsheets. In the end, I […]
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[Business Insider] My parents had four pillars that guided their financial decisions: invest in yourself, spend according to your values, march to the beat of your own drum, and give back to your community. These pillars helped them buy land and maintain a working farm that fed our family, grow […]
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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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[MarketWatch] When I was single, I bounced checks. What can I do? ‘He earns all the money and handles all our finances. I love to spend money and have a head-in-the-sand approach to money problems’ Dear Moneyist, I am a 65-year-old woman married to a great guy for decades. We […]
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