According to a recent Federal Trade Commission (FTC) report, consumers lost $139 million in cryptocurrencies in 2021 through scams conducted across numerous online dating sites, five times the level of prior year losses. As ownership of cryptocurrencies like Bitcoin and Ethereum increases among consumers, scams like these will continue to proliferate, putting your digital assets […]
In the first piece of this 3-part mini-series, I covered the importance of good retirement planning and offered a practical approach to it. In the second piece, I covered the 4 critical questions you need to consider, some “conventional wisdom” formulas, and unconventional insights from Wade Pfau, professor of retirement income at the American College […]
Do you know how well you’re doing preparing for retirement? Unless you’re in the distinct minority, I’d guess you don’t. Not really, and that’s no surprise because good retirement planning is hard. Unfortunately, much like going to the dentist, it’s as crucial as it is unpleasant. Why Retirement Planning Is So Hard First, you have […]
How much income do you need in retirement? It’s one of the most important questions in financial planning. Given its importance, it gets relatively little attention. The standard way to determine how much income you need in retirement is called the replacement ratio. The replacement ratio tells you how much of your income you need […]
Challenging the “4% Rule” Suggests Caution, But Also Offers Hope The venerable 4% rule isn’t as unassailable as many people think (as Ben Le Fort points out in this article). Definitions and Origins of the 4% Rule The 4% rule says you can expect to safely withdraw 4% of your retirement portfolio in your first […]
Advantages of being a DIY Investor Being a DIY investor, the most obvious benefit is you save yourself money because you do not have to hire a financial advisor to help you manage your investments. A DIY investor also has the advantage of gaining a sense of pride by managing their own investments. Here is […]
Adults who experience symptoms of ADHD (Attention Deficit Hyperactivity Disorder) can find it challenging to manage their day-to-day personal finances. Whether you have ADHD or know someone who struggles to stay on top of money matters, it’s important to know financial help is available from professionals with experience serving adults with ADHD. A financial advisor […]
Like many freelancers, I tend to have an inconsistent income. Most months my income is fairly stable. Some months it can be double (or half) what it was the previous month. Most months I don’t know at the start of the month exactly what my income will be over the next four weeks. I definitely […]
But if none of them apply to you, do yourself a favor and buy. I was a renter from the time I left my parents’ home until I was 38. From that point forward I owned a home, As of 3 years ago, I’m also a landlord, leasing out my previous home. Based on that […]