Here’s What Shark Tank’s Kevin O’Leary Has to Say About Retiring With Debt
Kevin O’Leary, whose net worth is estimated at around $400 million, might have become a well-known name through his role on the popular show Shark Tank, but he made his fortune by selling his software company and making savvy business deals and investments thereafter. Given O’Leary’s success, it’s no surprise that people tend to listen […]
4 Reasons You Should Think Twice Before Dipping into Your Retirement Account to Buy a Home
What do you do when you want to buy a home but lack the money for a down payment? Dipping into your retirement savings by taking a withdrawal from a 401(k) or IRA may seem like an obvious answer, but doing so can come with serious drawbacks. Here, we cover four of the more serious […]
Social Security Needs Money. Here’s What Lawmakers Can Do to Get It.
A program as important and popular as Social Security is bound to find its way into the news from time to time. But that doesn’t mean everything you read about it is accurate. You may have read in various places that Social Security is on the brink of bankruptcy, and that the program is at […]
6 Quotes from Shark Tank’s Kevin O’Leary That All Retirees and Pre-Retirees Should Read
To fans of the television show Shark Tank, Kevin O’Leary is familiar, as he’s a panelist on the program that showcases business ideas. He’s a Canadian entrepreneur, who started the Softkey Software Products company. It saw great success and later bought the Learning Company, before being bought itself by the toy company Mattel. O’Leary has […]
This Popular Retirement Income Strategy May Not Work Soon Enough
It’s optimal for retirees to have multiple income streams to rely on, as opposed to a single source. Although a good number of seniors have only their Social Security benefits to live on, a better bet is to have a combination of those monthly benefits and savings at the very least. And the more income […]
Worried About Your IRA Savings After Trump’s First 100 Days in Office? Read This.
Needless to say, President Donald Trump’s first 100 days in office have rattled the stock market. The broader benchmark S&P 500 index fell about 8% during Trump’s first 100 days, marking the index’s worst performance in this time period since the first 100 days of former President Gerald Ford’s presidency in 1974. And truthfully, things […]
There’s a New SECURE Act 2.0 Super Catch-Up Contribution Available to Some Retirees. Here’s How It Could Help You Prepare for Retirement.
If you’re between the ages of 60 and 63 by the end of the year, you’re part of a rarefied (but lucky) group. Beginning this year, Section 603 of the SECURE Act 2.0 allows you to supercharge your retirement accounts by contributing even more — but only if you’re between 60 and 63. Once you […]
3 Big Social Security Mistakes to Avoid if You’re About to Claim Benefits
Once you turn 62, you have the option to claim Social Security. There can be benefits to waiting — namely, locking in larger monthly payments. But if you’re turning 62 this year or are older, it means Social Security is on the table. That said, it’s important to think through your filing decision carefully. Here […]
Didn’t Get Your Social Security Fairness Act Benefit Increase Yet? Here’s When to Expect It.
During his final days in office, President Joe Biden signed the Social Security Fairness Act, which increased the federal retirement benefits of 3.2 million U.S. seniors. If you’re among them, you’ve probably eagerly awaited the adjustment to your checks, which may amount to as much as $1,100 more per month for some retirees. As of […]
If I Were Applying for Social Security in 2025, I’d Do These 3 Things ASAP
Applying for Social Security isn’t just an exciting milestone; it’s an important strategic decision that will determine how much money you get from the program. You want everything to go smoothly so you can get as much as possible and start receiving checks promptly. To pull this off, you need to lay some groundwork before […]
