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We Have A $300,000 IRA And Own Rental Properties That Bring In $3,000 Per Month — Can We Retire Comfortably At 65?
Tuesday, January 23, 2024 - 11:29am | 1097In a hypothetical scenario, consider a couple with a $300,000 individual retirement account (IRA) and rental properties generating $3,000 monthly income. They aim to retire at 65. This situation prompts an important question: What does the average American need to retire, and how does this couple...
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This Prominent Financial Advisor Refuses To Eat Outside: 'One Of The Biggest Wastes Of Money Out There'
Tuesday, January 2, 2024 - 10:54am | 587Noted financial expert Suze Orman has shared her opinion against eating out, branding it as a significant squandering of monetary resources. What Happened: On Monday, during an interaction with The Wall Street Journal, Orman, who is a best-selling author and podcast host, expressed her...
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How This Early Retiree With Just A 14-Year Career Stint Saved Enough For A Hassle-Free Post-Retirement Life — And 8 Must-Read Books He Recommends
Sunday, April 30, 2023 - 12:57pm | 1127This is not a "rags-to-riches" story but, rather, one that recounts the move from wealth to even more wealth. For those resigned to the fate of a monthly paying job, which more often than not is demanding and taxing, the story of Steve Adcock should truly serve as an inspiration. Who's Adcock: Not...
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How To Use A Debt Avalanche To Eliminate Your Debt
Sunday, June 25, 2017 - 10:08am | 486There’s no quick fix or magic bullet for eliminating debt. However, coming up with a solid strategy for paying down debt and sticking to that plan is absolutely necessary. The smartest and fastest way to eliminate debt is a strategy known as the debt avalanche. Take Inventory Regardless of...
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People Feel Better About How Much Cash They're Saving For The First Time In 6 Years
Saturday, March 25, 2017 - 11:26am | 348Americans are bad at saving money, but there is some encouraging news. Americans are feeling better about how much cash they're saving, according to a new Bankrate.com report. Although any improvement in sentiment is welcome, the fact remains that American consumers aren't putting away more...
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A Concerning Number Of Americans Are Behind On Their Retirement Savings
Thursday, September 22, 2016 - 1:35pm | 456A survey commissioned by Experian plc (ADR) (OTC: EXPGY), Get Rich Slowly and other personal finance blogs asked Americans if they are on track to comfortably retire. A recap of survey was posted on Get Rich Slowly and showed a concerning 71 percent of Americans are behind on their retirement...
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Protect Yourself From Cyber Attacks
Wednesday, February 18, 2015 - 6:41pm | 892A colossal cyber-attack has made global headlines this weekend, nipping at the heels of President Obama's newly implemented cybersecurity agency. "It's the biggest single episode of cybercrime to be discovered," Kate Palmer of UK's The Telegraph reported. The New York...
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Step 1 Of Budgeting: Taking An Inventory Of Your Expenses
Wednesday, November 12, 2014 - 12:29pm | 664Budgeting may seem like an easy task: You look at what you make and then make sure what you spend is not more than that amount. You may have a few snares that need to be planned for -- bills appearing at odd times, that emergency car repair, a special trip to the salon for a friend's...
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Money Maven Says No Tricks In Finance, Just Practical Financial Security
Tuesday, November 4, 2014 - 4:11pm | 829Acclaimed personal finance guru Patrice Washington spoke with Benzinga this week about financial security for the Everyman. With a genuine demeanor, Washington tries to keeps all things money down to earth, simplified and logically relevant. Emphasizing that wealth has more to do with...
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Big Expenses = Big Points Of Contention: Why Spending Thresholds Work
Tuesday, October 14, 2014 - 10:45am | 759Within a shared-financial household, money can spark problems. Given that one person might make more money, one might handle paying the bills, one might be thrifty and the other spendthrift, who should have what power over the purse? The experts below agree power should be shared, and that the...
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9 Free Apps That Will Help With Your Personal Finances
Wednesday, October 1, 2014 - 3:48pm | 932For the amount of time spent on smartphones, there is plenty that can be done with your personal finances. Now that you can manage your debts, assets, budgets and investments from your phone, here are some apps that can help along the way. Wally One of the most tedious aspects of personal...
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How The Internet Is Revolutionizing The Financial Planning Industry
Wednesday, September 4, 2013 - 3:55pm | 341As people seek control of their financial well being, data is continuously moving online. Bank accounts, brokerages, investment managers, credit cards and almost every other part of a person’s financial life is available through the internet. In an exclusive interview with David Lyon, CEO of...
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Five Quick Tips to Boost Retirement Savings
Friday, July 27, 2012 - 1:45pm | 708Retirement is inevitable. At some point, you will not be able to work. Robert Teitelman wrote about the scary prospects for retirees in The Looming Retirement Crisis and What to Do About It in The Huffington Post. He reiterated the devastating statistic that "75 percent of Americans nearing...
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2012 Mid-Year Global Outlook
Tuesday, July 10, 2012 - 4:15pm | 1231U.S. Overview: Economy At the beginning of this year we made the following statement with regard to the domestic economy: "We expect 2012 to be very similar to 2011. The economy might be able to ride the recent momentum for another quarter, but lacking a resolution to some of these headwinds we...
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Second Quarter Market Update
Monday, July 9, 2012 - 1:10pm | 956Stock market returns were looking pretty dismal coming into the final few trading days of the second quarter; but, the European Union Summit, the 19th such meeting in the past three years, provided some early 4th of July fireworks. The last trading day of the quarter saw domestic large...