Social Security survivor benefits are something too many people ignore. Or at the very least, they don’t pay enough attention to them. Doing so can cost the surviving spouse tens of thousands of dollars in lost income. I've seen so many people make Social Security claiming decisions without a thought about survivor benefits. DON'T BE ONE OF THOSE PEOPLE! Read on to … [Read more...] about What You Need to Know about Social Security Survivor Benefits
The rules for taking a required minimum distribution (RMD) are complicated. With the IRS, that's not surprising. And the penalties for noncompliance are stiff. If you miss taking an RMD or take out less than what is required, you will pay a 50% penalty. Yes, you read that right, a 50% penalty. In today's post, I'll walk you through the rules, show you how to calculate your … [Read more...] about How to Get Your Required Minimum Distribution Right
Have you ever been curious about selling on eBay but didn’t know where to start? This guide will take you through everything you need to know in order to start a successful eBay business and make money fast. That's right, without relying solely on your car! :) I’ve been selling on eBay for several years and have made all the mistakes in the book. Thankfully, with these … [Read more...] about Everything You Need To Know About About Selling On eBay
One of the top questions I hear and read about is some version of, "how long will my money last?" In most cases, people are concerned about running out of money in retirement. With so many people retiring early these days, it's a legitimate concern. Money doesn't need to last longer because we're retiring at younger ages. That's only part of the story. We are also living … [Read more...] about How Long Will My Money Last in Retirement?
You have a great job and make a good income. You've paid off your student loans and credit card debt. Now you’re ready to save and invest. But you’re not sure how to invest your money. I have good news. I’m going to introduce you to six steps on how to invest your money. It will be unlike many of the other “how to” articles on investing. Before you think about investing a … [Read more...] about How to Invest Your Money – A 6 Step Process
This post was written by Ryan from ArrestYourDebt.com. He focuses on helping others get out of debt and to start building wealth on any income. He is a police lieutenant and shares his story about what he has done to build wealth on one income with a family of five – and how you can also! You’re broke because you root for the underdog? That’s … [Read more...] about How to Stop Seeing Yourself As the Underdog
One of the biggest challenges in personal finance is dealing with estate planning. I find that to be true in my financial advice business and in the personal finance blogging space. We see numerous posts that talk about saving, spending, managing debt, and investing. That's as it should be. These principles are the foundation of personal finance. Estate planning is a subject … [Read more...] about Estate Planning In A Second Marriage- How to Protect Your Kids
Hey everyone! Today is Earth Day! With that in mind, I'm happy to introduce you to someone who powers his house and farm with solar panels and solar energy. Michal Dinich Solar Panels: Green Investment and Passive Income When I started my career as an advisor, I was fresh out of college, full of idealism, and on a mission to change the world. I hoped to create a niche out of … [Read more...] about This is Why You Should Consider Solar Panels
If you are a regular consumer of personal finance blogs, I'm sure you've seen a lot of discussion on financial advisor fees. How do financial advisors get paid? What's fair? What are the options? How do you know if you're paying too much? Too little? What's the benchmark? These are all great questions. Unfortunately, there are no easy answers. As a financial advisor … [Read more...] about How Do Financial Advisors Get Paid?
One of the favorite people groups to criticize these days are Millennials. A lot of Milllenial stereotypes get thrown around these days. What's your favorite? Entitled? Lazy? Hate to work? Sitting in their parent's basement eating their nachos and binging on Netflix (I have to admit, that's a pretty good one). Here's the truth. Before I started Money with a Purpose, I bought … [Read more...] about This is Why the Millennial Stereotypes Aren’t Fair