You may have stopped punching the clock at work, but Uncle Sam hasn’t: Retirees still need to pay income taxes. Once older Americans have left the workplace, they may be generating income from a variety of sources, including Social Security, pension payments and withdrawals from various retirement accounts. Instead of having a set amount of […]
As the rules around office attire evolve, it’s important to ensure that your work apparel matches those around you. But keeping up with trends can get pricey. And considering work clothes tend to be pricier than what you might wear on the weekends, figuring out your clothing budget is crucial. The general rule of thumb: […]
Medicare pays for many of the health care costs incurred by older Americans, but it doesn’t cover everything. This creates a financial-planning problem: How much should a person expect to pay in out-of-pocket health-related expenses during retirement? It’s a tough question because there are so many unknowable factors: What medical problems will you face? How […]
You’re 50 years old. Can you still retire a millionaire? Retiring a millionaire is really quite simple but it’s not easy.Otherwise, we’d see millions more people accomplishing this feat. Here is the basic math – to help you see daily, monthly and yearly what it will take to retire a millionaire. Or dream bigger and retire […]
The internet’s hottest new viral hate-read has everything: Unacknowledged privilege! A window into the lives of the young and wealthy! A trip to the Hamptons! A wrap that apparently cost $23! The sentence “I get one Brazilian sugaring a month”! Yes, we’re talking about “A Week In New York City On $25/Hour And $1k Monthly […]
So, can you buy your dream house if you have student loan debt? The common wisdom is bleak: student loans are preventing borrowers everywhere from living The American Dream. It doesn’t have to be that way, however. Here are 8 ways to maximize your chance of buying your dream home — even if you have […]
Shrimp can turn from moist and juicy to rubbery and dry in the blink of an eye over the heat of a grill. While grilling shrimp in their shells can shield them from the coals’ scorching heat, any seasonings you add are stripped off along with the shells when it’s time to eat. For juicy, […]
It’s one of the most common questions financial advisers hear: should I prioritize paying down debt or building up savings? Americans have a cozy relationship with debt — student loans, credit cards and car loans are commonplace. The Federal Reserve said that consumer borrowing rose $24.5 billion in May alone to hit almost $3.9 trillion. […]
Using one of the popular personal finance apps intended to help you manage your money requires a step that causes some people to pause: when the app or site asks you for the passwords to your bank accounts and credit cards. How safe is it really to turn over the password to the Bank of […]
Not all banks are created equal. If you’ve shopped banks at all to find the best deals, you know the offerings can be very different depending on where you go. Fortunately, the personal finance magazine, Kiplinger’s, has taken a deep dive into the nation’s banks to determine which institutions make sense for you. Miriam Cross, […]
There is no doubt that most men would love to have a spanking new vehicle with all the bells and whistles and the ability to turn heads. However, in today’s financial climate, we can’t always afford to do this, which can be a real downer for men who love their cars. The good news is […]
Most public school students are back in class in less than three weeks.That means back to school shopping is in full swing. Getting all the supplies your keiki need for school is a project all it’s own.The lists can be lengthy and can cost you a pretty penny. Leeann Punua has three kids, ages eight, […]
