“Five years from now, you’re the same person except for the people you’ve met and the books you’ve read.”—John Wooden. Dr. Jim Dahle, Utahn, author, blogger, and practicing board-certified emergency physician, started his blog, The White Coat Investor, to help doctors get “a fair shake on wall street.” He has been incredibly successful over the […]
Category: Personal Finance
Should You Dump Your Stocks if Retirement Is Near?
The past week was an unsettled one as far as the stock market was concerned. But it also wasn’t particular unusual. The reality is that the stock market is known to be volatile, and it’s undergone its share of corrections through the years. Investors who stay the course and keep their portfolios intact during downturns […]
3 Signs Your Retirement Savings Will Let You Down
The monthly benefits you collect from Social Security probably won’t be enough to sustain you during retirement. That’s why saving on your own is so important. The average senior on Social Security today collects roughly $20,000 a year. That’s enough to help cover the bills, but you’re probably used to living on a lot more. […]
Should You Rethink Your Budget in 2022?
Budgeting is one of the best personal finance moves you can make. When you create a budget, you can ensure you’re spending your hard-earned money as wisely as possible to accomplish financial goals — and to do the things you enjoy. Budgeting can also help you avoid living above your means, which can sometimes lead […]
5 Side Hustles You Can Do on Your Own Schedule
Getting a side hustle could really work wonders for your financial outlook. Not only might that extra income make your ongoing bills more manageable, but it might also help you shore up your finances, whether by adding money to your savings account or paying down costly debt. There’s just one problem with getting a side […]
Kiplinger’s Personal Finance: Why it pays to shop for insurance each year
The talking lizard from Geico and perky Flo from Progressive claim that switching insurance companies and bundling policies can save you money. And that’s generally true: Shopping around for a new homeowners or auto insurance policy may save you hundreds of dollars. And if you bundle your policies with one insurer, your savings could increase […]
Stocks Are Swinging. Should You Pull Your Money Out?
Following the stock market during the latter part of January has been comparable to riding a roller coaster — something I’m openly not a fan of. And while some investors felt that the market was way overdue for a downturn, it doesn’t make it any easier for those of us who are seeing notable swings […]
Stop Basing Your Retirement Savings on This Outdated Assumption
The type of retirement account you choose to invest in will make a huge impact in how you access your money — and how much income your account provides — once you become a senior. Unfortunately, far too many people end up selecting an account intended to secure their future based on an assumption that […]
How to Generate $1,500 of Passive Income Each Month
There are plenty of things you can do if you’re looking to boost your paycheck. For one thing, you could jump on the side hustle bandwagon and get some type of gig that has you shuttling passengers around in your car or waiting tables on weekends for extra cash. But an easier route to take […]
How to Retire at Age 62 Without Claiming Social Security
Many people retire during the latter part of their 60s for a few reasons. First, for workers born in 1960 or later, full retirement age (FRA) for Social Security purposes doesn’t kick in until age 67. And FRA is when seniors are allowed to collect their benefits in full, without a reduction. But for some […]
Mega Millions’ jackpot is $421 million. What to do if you land that windfall
Sure, the chance of your ticket hitting the Mega Millions jackpot is tiny — roughly one in 302 million. Nevertheless, it’s worth considering what you’d do if you manage to beat the odds. For Friday night’s drawing, matching all six numbers pulled would mean landing $421 million. The amount has been rolling higher since late […]
How to get a personal loan with a 650 credit score
Most people don’t have a perfect credit score — Experian says just 1.2% of all FICO scores in the U.S. are a perfect 850. Millions of people have credit scores that are good or fair, and if yours is 650 it’s in the range of fair credit. It’s close to a good score, which is […]