Guiding the Way to Financial Freedom
As millions of Americans look forward to a peaceful retirement, lurking financial challenges could disrupt their dreams. Are your retirement plans secure, or are they threatened by hidden dangers? #1. Underfunded Public Pensions Many state and local government pensions are severely underfunded, lacking the assets to cover promised benefits. This shortfall could result in reduced … Read more
America is currently seeing an unprecedented rise in the number of retiring millionaires. Let’s take a look at what’s causing this. Millionaire Milestone The stock market is booming, and with it, a lot of people’s retirement accounts. Thanks to its recent performance, the number of 401(k) millionaires has hit an all-time high. 401(k) Accounts Hit … Read more
A hacking group has claimed that they breached Ticketmaster’s cybersecurity, and now the data of half a billion people could be at risk – if it really happened. ShinyHunters Claim Massive Data Breach A hacking group named ShinyHunters has claimed that it breached live entertainment ticketing company Ticketmaster, and subsequently stole the personal information of … Read more
Ever wonder how the wealthy manage to keep their tax bills so low? Here’s your insider look at some of the tax strategies and loopholes that the rich exploit to minimize their taxes. This isn’t just theory—it’s actual tax code and law in action. #1. Real Estate Professional Status Under IRS code, declaring oneself as … Read more
Despite a miserable view of the economy, Americans are spending like never before. From retail therapy to essential services, customer behavior just isn’t making sense. But what’s driving this surge in spending when the economy seems so bleak? A Pricey Pandemic During the pandemic, Americans trapped inside turned to online shopping for everything from luxury … Read more
California’s rental market is taking a nosedive, with major cities seeing huge drops in rent prices. California Rents Take a Dip According to Zumper, an online rental platform, it could be time to move to California. California Renters Rejoice Plunging rents across the state means that what was once a super expensive place to live … Read more
Think buying a new car is a smart choice? Prepare to have your mind blown—here’s why that new car smell might be the only good thing about it. #1. Immediate Depreciation The moment you drive a new car off the lot, it loses up to 20% of its value. That’s like throwing thousands of dollars … Read more
Even celebrities make bad investments. Here are 20 times their financial gambles went terribly wrong. So, if you’ve made some mistakes, you’re not alone. #1. Kim Basinger’s Town Purchase Kim Basinger bought the town of Braselton, Georgia, for a staggering $20 million, aiming to turn it into a film production hub. She sold it for … Read more
Credit cards can feel like a lifesaver, but they can also tie you to a never-ending debt cycle. Are you aware of what your credit card company isn’t telling you? #1. Interest Rates Can Skyrocket Unexpectedly Sure, that introductory rate sounds unbeatable, but credit card companies can hike up your APR after the promotional period … Read more
If you’ve been thinking about moving to New York you may want to reconsider, following a new report from a real estate broker. Cash is King The Big Apple’s real estate scene has hit a new level of exclusivity, with high mortgage rates pushing out everyone except the richest buyers. The latest trend? Buying homes … Read more